Global crude oil prices and geopolitical uncertainty in West Asia are the primary drivers of market direction, overshadowing domestic factors. CIO Manish Sonthalia warns that sustained supply disruptions could significantly impact FY27 earnings estimates and capital flows, leading to a range-bound market until the West Asian crisis resolves.
Global Market: Euro zone bond yields hit near one-month high as oil surge fuels ECB rate hike bets
Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices and heightened inflation