🔹 What’s Happening Today • Nifty 50 & Sensex are down around 1%, dragged by a global risk‑off mood following U.S. airstrikes on Iran’s nuclear facilities • Oil has surged to a 5‑month high, lifting inflation concerns and pressuring energy imports 🔹 Sector-Wise Fallout • All 13 major sectors are trading lower • IT stocks fell ~1.8%, hit by a broader global slowdown • Mid‑ and small-caps showed relative resilience, with small finance banks actually edging ahead on policy support 🔹 FX & Commodities • Rupee slipped slightly (~0.2%) against the dollar, but forward premiums remain stable • Brent crude spiked near $80+ per barrel before easing mildly, keeping pressure on inflation 🔹 What’s at Stake • India imports a majority of its crude oil via the Strait of Hormuz—any disruption could further inflate fuel prices and stress the fiscal balance • Trade routes and exports to West Asia may feel the pinch if tension escalates 🔹 Analyst Take • Some view the dip as a short-term correction and buying opportunity given India’s macro fundamentals • Others urge caution: oil-driven inflation could weigh on markets if tensions persist

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