Market trader Peter McGuire assesses the geopolitical situation’s impact on oil prices, emphasizing the timeframe’s importance. A short-lived conflict might cause a blip, but a prolonged issue, especially involving the Strait of Hormuz, could significantly elevate prices. McGuire highlights the potential for prices to surge beyond $100 if Iran blocks the Strait, urging observation of U.S. and Saudi responses.
Investors should stay selective as IT, banking show mixed signals: Sandip Sabharwal
Indian IT stocks are seeing a rally but may offer modest returns. Banks, especially large private and PSU banks, are expected to perform well. NBFCs
