Vinod Nair, Head of Research, Geojit Investments Limited said, “Fundamentally the market participants remain focused on developments surrounding the Strait of Hormuz, as greater clarity and stability in the region could help ease crude oil prices and support a moderation in global bond yields. Meanwhile, the ongoing RBI policy meeting is being closely monitored amid global uncertainties and inflation concerns. Investors are looking for policy measures from the RBI to address these challenges, along with liquidity support for the banking system, which could help sustain market confidence in the near term.”
