Indian market cautious
Ponmudi R, CEO of Enrich Money, said Indian markets are likely to remain cautious and highly news-driven amid renewed geopolitical rhetoric from the U.S. and continued uncertainty around the Strait of Hormuz. He said that elevated crude prices remain a major macro concern for India due to their impact on inflation, import costs and rupee stability. On institutional flows, he said FIIs have turned intermittent buyers after prolonged selling pressure, although markets would require sustained foreign inflows to improve broader confidence.