Mumbai, May 15: Indian equity markets ended the trading session in the red on Friday, with benchmark indices Sensex and Nifty slipping amid a sharp rise in global crude oil prices, which dampened investor sentiment.
The decline was largely driven by concerns that higher oil prices could increase inflationary pressures and widen fiscal deficits, impacting corporate margins and economic stability.
Broader market sentiment remained cautious throughout the session, with investors tracking global cues, particularly movements in energy markets and currency fluctuations. The strength in crude oil prices added to worries over input costs for sectors such as transportation, manufacturing, and aviation.
Market analysts noted that volatility persisted as participants reacted to mixed global signals, including expectations around interest rates and geopolitical developments influencing commodity markets.
Despite the day’s decline, experts suggest that domestic market fundamentals remain stable, supported by consistent economic growth and ongoing corporate earnings momentum.
The session ended with both key indices closing lower, reflecting short-term pressure from external macroeconomic factors, particularly the surge in crude oil prices.