Dalal Street’a movement will be guided by elevated crude oil prices, global market cues and the US Federal Reserve’s policy commentary, with investors also tracking Jio Platforms’ much-anticipated stock market debut. Earlier on Tuesday, benchmark indices ended nearly flat, as gains in broader market segments contrasted with weakness in banking, financial and IT shares.Â
Rupee recovered against the US dollar after likely Reserve Bank of India intervention, although persistent foreign equity selling had weighed on the currency over the preceding three sessions.Â
Meanwhile, in the oil market, renewed concerns over Middle East supply disruptions pushed crude prices higher after an attack on a Saudi refinery. In broader market, strong earnings from SK Hynix lifted South Korean shares, while an AI-led rally helped US equities climb higher.
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