Blog

“Elevated crude oil prices, driven by the continuing US-Iran standoff over the Strait of Hormuz, remain the primary overhang for domestic equities and are likely to keep investor sentiment measured,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm had earlier told PTI. “Although Brent Crude has eased modestly to below USD 89 per barrel, the unresolved situation in the Strait of Hormuz continues to keep the geopolitical risk premium in energy markets elevated,” Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm had earlier told PTI. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,002.50 crore on Wednesday, according to exchange data released.