Indian equity markets are poised for a potential rally driven by strong corporate earnings and resilient consumer demand, according to market expert Sandip Sabharwal. He believes a resolution to West Asia tensions could lead to a sharp correction in crude oil prices, further boosting sentiment. Sabharwal anticipates markets could reach new highs if geopolitical stability returns and earnings momentum continues.
Oil Price Today (July 8): Crude oil tops 5% in two days as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?
Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel.
July 8, 2026