Rising crude oil prices weigh on Indian equities as geopolitical tensions persist

Indian stock markets closed lower Thursday as surging crude oil prices dampened investor sentiment across the broader market. The Nifty 50 index fell 0.54 per cent to settle at 22,687.65, reflecting weakness in oil-dependent sectors as Brent crude climbed above the $112-per-barrel mark. Energy stocks and other commodities-sensitive segments led the decline, weighing on overall market performance. Geopolitical tensions in West Asia have rekindled concerns about crude supply disruptions, driving prices higher and adding pressure on domestic equities. The broader 50-stock index, which tracks large-cap companies, remained in negative territory for the session as investors reassessed their positions amid the volatile energy complex. Market participants are closely monitoring crude price movements and developments in the Middle East, as sustained elevated oil levels could impact India's import bill and corporate earnings, particularly for energy-intensive sectors. The weakness in Thursday's trade underscores the sensitivity of Indian markets to global commodity price movements and geopolitical developments.