Indian Markets Set for Weak Open as Crude Oil Prices Surge

Indian stock markets are expected to open in negative territory on the back of rising global oil prices. Brent crude climbed 3.9% to $103.08 per barrel, while US WTI crude rose 1.8% to $92.16 per barrel. Higher oil prices typically weigh on equity markets, particularly in import-dependent economies like India. Elevated crude costs can fuel inflation and widen the current account deficit, dampening investor sentiment. Both the Sensex and Nifty are anticipated to face selling pressure at the opening bell.
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