Fall in Indian Equity Market Today

📉The Indian equity market experienced a sharp sell-off today for many reasons: 🛢️Crude Oil Surging Above $100 Per Barrel- Global benchmark Brent crude oil climbed over the psychologically critical $100-a-barrel mark to hit $100.64. It grew 30% from $70 to $100 in less than a month. Price spikes followed news of fresh attacks on Saudi Arabian oil tankers in the Red Sea. Again fear of severely damaging India's macroeconomic stability as India imports nearly 85% of its crude oil requirements. 🌐Geopolitical Crisis (US-Iran Escalation)Ongoing military friction between the United States and Iran shows no sign of easing. Rumors that the U.S. might launch a new major military operation against Iran have deeply unsettled global financial ecosystems. 🗽 Renewed tariff threats from US President Donald Trump and a combination of other global headwinds. This macro uncertainty has pushed international funds away from emerging equity markets. 🇺🇸Wall Street Tech Rout Spilling OverA massive overnight sell-off on Wall Street severely damaged Asian market sentiment. The Nasdaq Composite index plunged 2.15% because of massive corrections hit tech giants after disappointing earnings updates from Alphabet and Tesla. 🇮🇳The June-quarter corporate earnings season has failed to provide a positive trigger.Dismal quarterly results and missed estimates from major stocks—such as Infosys and InterGlobe Aviation (IndiGo)—have dragged down market sentiment. Nifty next support at 23650 - 23350 - 23100. Major Resistance at 23800 - 24150