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Commodities

Crude Oil Prices, West Asia Tensions Dictate India's Stock Market Momentum

Guavy AI Editorial Team
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Oil
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India's stock market momentum is expected to be heavily influenced by fluctuations in crude oil prices and escalating tensions in West Asia, according to analysts.

The US President has signed into law the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which authorises tariffs of up to 100 per cent on major buyers of Russian oil and gas, including India.

Foreign Portfolio Investors (FPIs) have withdrawn over Rs 20,974 crore from Indian equities in September due to elevated crude oil prices, higher US interest rates, and global uncertainties.

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