Will Rising Crude Oil Derail The Market Rally? Nifty Outlook & Earnings Analysis

Indian markets are navigating fresh uncertainty as crude oil prices climb above $90 per barrel amid rising geopolitical tensions. Despite the new risk, strong domestic liquidity and a largely positive Q1 earnings season continue to provide support for equities. Kranthi Bathini, Director of Research, WealthMills Securities, believes the 24,000 level on the Nifty remains a key support zone. He says the market continues to be a "buy on dips" opportunity, provided geopolitical tensions do not escalate significantly. With more than 250 companies set to announce results this week, earnings and crude prices will remain the key market drivers for investors.