The benchmark Nifty extended its losing streak to six consecutive sessions, declining 1.7% over the past week and closing 0.5% lower at 24,156 on Tuesday. Analysts say Indian equities are likely to remain under pressure in the near term as elevated crude oil prices, US-Iran tensions and weak global cues weigh on sentiment. With Brent crude rising above $90 per bbl and the reopening of the Strait of Hormuz remaining unresolved, oil prices will remain a key monitorable for the rupee, inflation and foreign flows.
