India Market Recap

Indian equity benchmarks resumed their decline on Monday after a one-day recovery, although both indices managed to recover from their intraday lows. The Nifty 50 declined 0.34% to 23,398.10, while the BSE Sensex fell 0.16% to 74,781.76. On the technical front, Nifty support is placed at 23,100–23,200, while resistance is seen at 23,500–23,600.

US Market Recap

US equities ended sharply lower amid a renewed surge in crude oil prices, growing concerns over interest rates and weakness in AI-linked stocks. The Dow Jones Industrial Average declined 0.31% to 52,308.93, while the S&P 500 fell 0.74%, or 55.27 points, to 7,601.71. The Nasdaq dropped 1.22%, or 317.04 points, to 26,018.23.

Asian Market Update

Asian markets traded mixed on Tuesday, following overnight losses on Wall Street. Japan’s Nikkei 225 gained 0.40%, while the broader Topix slipped 0.07%. South Korea’s Kospi declined 0.38%, although the Kosdaq advanced 1.96%. Hong Kong’s Hang Seng Index futures pointed to a higher opening, indicating a mixed start across regional markets.

Commodity Check

Crude oil prices edged higher as investors assessed the risk of further disruptions to Middle East energy supplies after a key Saudi Arabian pipeline was forced offline. Brent crude traded around $107 a barrel, while WTI remained near $103. The move followed attacks that disrupted Saudi Arabia’s East-West pipeline, also known as Petroline, a critical route connecting the country’s oil-producing region in the east with the Red Sea port of Yanbu. The pipeline can transport several million barrels of crude per day, allowing Saudi Arabia to bypass the Strait of Hormuz. Its importance has increased as traffic through the strategic waterway remains severely disrupted by the US-Iran conflict.

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