Ravi Singh, Chief Research Officer from Master Capital Services, “Indian markets endured a rough, truncated week as both benchmark indices slipped nearly 2.5 per cent, dragging prices below their short-term moving averages — they were already trading under long-term EMAs. The Nifty broke below the psychologically important 24,000 mark, closing the week at 23,767, while the Bank Nifty bore the brunt of the selling, tumbling over 3 per cent to settle at 56,693. The biggest trigger for this week’s weakness was the fresh flare-up in the West Asia crisis, which pushed crude oil back toward the $100-a-barrel mark. Prices did cool off a bit on Friday from their peak, but oil still ended nearly 10 per cent higher for the week and is up close to 32 per cent for the month so far — a worrying sign for India’s import bill and inflation outlook. Adding to the pressure, the US 10-year bond yield climbed to 4.7 per cent, its highest since January 2025, pulling global investors back toward safer assets and away from riskier emerging markets like India.”
