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Sensex slips as crude oil pressure offsets currency support
Rising crude prices dragged Sensex lower despite rupee strength and selective FII inflows, keeping markets volatile amid global macro uncertainty.
Indian equity benchmarks weakened as higher crude oil prices pressured sentiment, pulling the Sensex down nearly 300 points. While the rupee remained firm and foreign institutional investors showed selective buying, energy costs raised concerns over inflation and margins. Analysts flagged continued macro-driven volatility, with near-term movement linked to oil, global cues, and FII flows. Market participants remain cautious despite expectations of gradual recovery supported by domestic fundamentals.