The benchmark indexes closed lower to log their worst week in over a year on Friday, as the escalating US-Israeli war with Iran sent crude prices surging and soured global investor sentiment. Higher oil prices are typically negative for India, the world’s third-largest crude importer. The market is taking into account the near-term threat from oil prices, said Pankaj Pandey, head of ​retail research at ICICI Securities. “However, we don’t yet see a macroeconomic impact from this as the broad expectation is that crude prices will not remain elevated for a long period. Fifteen of 16 major sectors fell this week, while small-caps and mid-caps declined 2.5 per cent and 2.9 per cent, respectively.

Source: The Telegraph March 07, 2026 06:14 UTC