India's Markets Dip Amid Iran-US Tensions, Oil Volatility

  Published 1 year ago

India's equity benchmarks fell as Iran-US tensions and oil price swings weighed, with IT stocks dropping and mid/small caps gaining.

  • Nifty 50 and Sensex down 0.56% and 0.62% amid fears of Hormuz Strait disruption.
  • Crude oil retreat to $77 eased losses, but higher prices risk inflation and fiscal deficit.
  • Mid/small, cap indices rose 0.4%, 0.7% on shipping/defense gains, Bharat Electronics up 3.1%.

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