India, April 13 -- The escalation in the Middle East conflict and the spike in crude oil prices weakened global market sentiment. Concerns about inflationary pressures and weakening of global growth weighed on market mood.
Wall Street Futures have slipped below the flatline after weekend US-Iran talks collapsed. Benchmarks in Europe are trading in negative territory. Earlier in the day, Asian markets had finished trading on a mixed note. The Dollar Index has rebounded. Sovereign bond yields hardened across regions. Both the crude oil benchmarks are trading around 7 percent higher on an overnight basis amidst a blockade of the Strait of Hormuz announced by the U.S. Gold and silver are trading in negative territory amidst fears of fuel-led i...