Crude Futures Extend Gains as Global Supply Concerns Lift Prices

Crude oil futures traded higher on domestic exchanges, supported by firm global cues and concerns around supply discipline among major producers. Improved demand outlook from key economies and a weaker dollar also aided sentiment. Traders remained cautious amid volatility, tracking geopolitical developments, inventory trends, and macro signals that could influence near-term price direction.

Indian equity markets witnessed sharp intraday swings on the first trading day of 2026 before closing flat, reflecting cautious investor positioning. Benchmark indices moved between gains and losses as sectoral rotation, mixed global cues, and selective profit booking capped momentum. FMCG and metals offered support, while IT and financial stocks saw pressure. Volumes remained moderate, indicating a wait-and-watch approach among participants.