Crude Oil Above $123: Why Markets May Stay Cautious Amid Middle East Tensions | Expert View

With crude oil prices crossing $123 per barrel and Middle East tensions continuing to unsettle investors, Indian markets may face a prolonged period of uncertainty. Sameer Dalal, President, Natverlal & Sons Stockbrokers, says markets could move sideways until oil prices stabilise and geopolitical risks ease. He highlights the difficulty of making reliable earnings projections amid unpredictable global developments and warns investors against expecting a sharp market rally in the near term. While India's long-term investment story remains attractive, Dalal believes a cautiously optimistic approach is warranted as investors track crude prices, geopolitical developments and global political uncertainty.