Indian markets poised for positive open as crude oil retreats below $110. Sensex and Nifty indicators suggest gains of around 100 points following a relief rally across Asian equities. Crude oil prices have fallen significantly as geopolitical tensions around the Strait of Hormuz show signs of easing, with the US pausing aggressive moves in the region. Gold and silver also posted strong gains, with gold rising over 2,400 rupees. Analysts note that while sentiment has improved due to de-escalation expectations, derivatives data suggests caution with aggressive call writing and subdued put-call ratios pointing toward a range-bound market. Experts believe the oil market has moved past initial shock reactions and is now absorbing supply deficits through inventory draws, providing breathing room through summer.
