Indian equity benchmarks are expected to open on a subdued note Tuesday as investor caution returns amid escalating geopolitical tensions in the Middle East.
The risk-off sentiment is likely to overshadow the recent momentum that has seen Indian indices post gains for three consecutive sessions.
79 points, or 0.34%, on Friday, marking the third straight day of positive returns.
The BSE Sensex advanced 261.79 points, or 0.34%, on Friday, marking the third straight day of positive returns.
However, the broader market sentiment has shifted as traders digest the implications of rising crude oil prices and geopolitical instability.
Monday’s session saw only marginal gains, extending a period of selective buying rather than broad-based rallies.
Volatility linked to the Middle East conflict continues to act as a headwind for emerging markets, with India’s heavy reliance on energy imports making it particularly sensitive to oil price fluctuations.