Indian stock market showed resilience today despite early losses. Sensex recovered to trade near flat at 75,193, down just 44 points, while Nifty 50 fell 27 points to 23,616. Cautious investor sentiment persists amid elevated crude oil prices hovering around $110 per barrel, persistent rupee weakness near record lows against the dollar, and continued foreign institutional investor selling. Analysts warn that Middle East tensions could impact India's macroeconomic stability and widen the current account deficit. Key support level for Nifty emerges at 23,200. Market participants will monitor crude oil trends, FII activity, currency movements and domestic economic data including Infrastructure Output and PMI readings this week for direction ahead.
