Crude oil remained the primary drag on market sentiment on Tuesday, while rising US bond yields and weak global cues prolonged the risk-off trend in Indian equities. Investor anxiety increased as hopes for a Middle East resolution faded following the expiration of the temporary US-Iran ceasefire, heightening concerns about renewed inflation.
Elevated U.S. yields further reduced the attractiveness of emerging markets, and IT stocks led losses amid fears that persistently high interest rates could dampen global technology spending. Although domestic fundamentals continue to be supportive, analysts say sustained high crude prices and rising input costs could pressure recent earnings upgrades, prompting investors to remain cautious in the near term.
