Stock market update
Indian equities experienced a volatile but ultimately positive week, driven by strong institutional flows and sectoral rotations. The Nifty 50 and Sensex began the week with modest gains, supported by upbeat pre-quarterly updates, steady monsoon progress, and lower crude prices. On 7 July, benchmarks consolidated near 10-week highs, though profit-taking capped advances. But 8 July saw a sharp sell-off, with both indices tumbling over 2% amid renewed US-Iran tensions, a spike in Brent crude above $78 a barrel, weak global cues, and a surge in India VIX, signaling heightened investor anxiety.
