Indian equity benchmarks are expected to trade with a cautious bias on Thursday, as investors navigate escalating geopolitical tensions in the Middle East and persistently high crude oil prices.
The cautious outlook follows a period of relative stability, with Indian indices closing higher on Friday for the third consecutive session.
79 points, or 0.34%, during that session, supported by improving broader market sentiment as investors digested recent data.
The BSE Sensex advanced 261.79 points, or 0.34%, during that session, supported by improving broader market sentiment as investors digested recent data.
Despite the recent uptick, the current risk environment presents headwinds.
Elevated energy costs remain a concern for India, a major oil importer, while geopolitical instability threatens to disrupt supply chains and fuel inflationary pressures.
These factors are likely to keep market participants on the sidelines, limiting upside potential in the near term.