Business
In this episode of BreakOut by 5paisa, we track a major global development as crude oil prices surge past $100 per barrel after Middle Eastern producers cut output following the closure of the Strait of Hormuz. The spike in energy prices has rattled global markets, with Asian indices plunging and Wall Street closing lower. Back home, Indian indices slipped over 1% in the previous session, while Gift Nifty signals a sharp gap-down opening. We also look at derivatives positioning, institutional flows, and the IPOs opening this week.