Equity markets today experienced a volatile but range bound trading session due to the prevailing caution among the traders in the midst of continued geopolitical tensions in the Middle East and the high crude oil prices. The benchmark indices traded with a bearish tilt for much of the day despite the gains made in selected sectors based on good earnings performance due to the losses incurred by the big financial sector stocks.
Despite reports of possible negotiations for easing of tensions between the US and Iran offering some reprieve to the crude prices, sentiment was weak. For the coming days, analysts say the trend of the market will depend on the earnings season, the movements in crude oil prices, FIIs and geopolitics.
