Stock market today: Analysts flag crude oil, inflation and geopolitical risks as key market drivers
Analysts said elevated crude oil prices and uncertainty around global developments were weighing on investor sentiment. Vinod Nair of Geojit Investments said markets remained on edge ahead of key inflation readings in India and the US, with investors closely watching the data for clues on the future direction of monetary policy. He also pointed to the rise in crude prices towards the $90-a-barrel level as a factor behind the risk-off mood.
HST Wealth’s Hariselvan Radhakrishnan added that the rebound in crude had overshadowed supportive signals from Asian markets and raised concerns about the inflationary impact of higher energy costs. With US-Iran developments and shipping through the Strait of Hormuz still important for oil markets, energy prices could continue to influence risk appetite.