Indian markets and investors will closely track developments in West Asia and crude oil prices after oil crossed the $100 per barrel mark amid escalating tensions in the region. Another key factor for markets will be the expiry of President Donald Trump’s temporary 10% global tariff, imposed under Section 122 of the Trade Act. The tariff is scheduled to expire on Friday after reaching its 150-day statutory limit. On the positive side, US jobless claims fell to their lowest level in more than five decades last week, indicating that layoffs remained low despite ongoing global economic uncertainty.
