!nifty,

PNB

Trump posted about "great progress" on a US-Iran peace deal yesterday, and that one line sent crude oil crashing nearly 8% to ~$101/barrel. For India — which imports nearly 85% of its oil — that's basically a budget relief package arriving unannounced. Markets loved it instantly: Nifty closed at 24,331 (+1.24%) Sensex up 940+ points IndiGo soared 6.6% — airlines are the first to smile when crude falls PSU Banks, Realty, Telecom — all joined the party The real takeaway? Indian markets are hostage to crude prices right now more than anything else. One geopolitical headline shifted ₹13,000+ crore of sentiment in a single session. Domestic investors (read: your SIP money) have been quietly holding the market together while FIIs sold ₹13,771 crore last week. Yesterday was the first time the cavalry arrived from outside too.