Oil and the dollar surged as U.S.-Iran talks failed, leaving a ceasefire fragile and Mideast energy exports choked. Stocks tumbled as U.S. Navy blockades the Strait of Hormuz, impacting global energy supplies and fueling inflation fears. Markets are grappling with significant uncertainty following the breakdown of peace negotiations.
Bleak Winter! Why analysts are hinting at painful October even after 8 weeks of Nifty correction?
The global backdrop remains the biggest problem. US yields above 5%, a firm dollar, higher crude prices and rupee weakness make India more vulnerable.
October 3, 2026