Mumbai, May 15 -- Indian equities head into the next trading week on a caustios note as macro uncertainty continues to rise while geopolitical tensions remain persistant. In the US, inflationary pressures intensified, with April consumer inflation accelerating to 3.8% year-on-year from 3.3% in March, largely driven by a sharp rise in energy prices amid the ongoing Iran conflict, reinforcing expectations of a prolonged higher-for-longer interest-rate environment.

Domestically, India's retail inflation edged up to 3.48% in April, while wholesale inflation surged to a 3.5-year high of 8.3%, reflecting mounting fuel and input-cost pressures from elevated crude prices.

Meanwhile, in China, consumer inflation rose 1.2% year-on-year in April, ...