VK Vijayakumar, Chief Investment Strategist, Geojit Investments had earlier stated, “if crude oil prices decline and stabilise, FPIs are likely to turn consistent buyers in India. Therefore, crude price is the data to watch.” Markets witnessed a weak and volatile previous week with benchmark indices extending their losing streak as a sharp surge in crude oil prices and renewed geopolitical tensions weighed heavily on investor sentiment all of last week. While domestic macroeconomic indicators remained resilient and the earnings season continued to offer stock-specific opportunities, elevated energy prices and global uncertainties overshadowed these positives in the previous week.