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Indian market stays rangebound as US-Iran risk lifts oil and yields
The market is trading between 24,000 and 24,400, with some strategists pointing to potential rebound if the US-Iran conflict eases, oil falls below $90 per barrel, and foreign investors keep buying selectively.
India's domestic stock market is holding in a tight range, between 24,000 and 24,400, as investors weigh lingering US-Iran concerns, higher oil prices, and rising US bond yields, according to LiveMint Markets.
The outlet noted that even after the Q1FY27 earnings season wrapped ahead of expectations, bulls are staying cautious because macro risks from the Middle East are keeping buyers on the sidelines.
Still, some experts said select stocks may be attractive for longer-term investors if conditions improve, including a resolution of the conflict, oil moving below $90 per barrel, and continued selective inflows from foreign investors.
In that context, LiveMint Markets highlighted PB Fintech, citing its recovery from earlier lows and recent trading near ₹1,837, and Axis Bank, pointing to renewed strength around ₹1,260 with support near ₹1,220.