Riya Sehgal, Research Analyst, Delta Exchange

Crypto markets are in a macro-led risk-off phase. Bitcoin's fall toward the $61,500-$62,000 zone reflects pressure from U.S.-Iran escalation, rising crude oil, higher bond yields, Japan bond-market stress, and Strategy-related BTC sale concerns. The key concern is Bitcoin's underperformance versus Nasdaq, while U.S. equities attempted a recovery, BTC failed to reclaim $62,000-$64,500, showing crypto-specific selling pressure.

ETF flows are supportive but limited. BTC spot ETFs saw around $21.4 million of inflows, while ETH ETFs saw around $26.9 million, but flows remain concentrated in BlackRock funds and are not enough to offset macro pressure.

Technically, BTC remains weak below $63,000-$64,500. A break below $60,000 can open downside toward $58,500-$59,000. ETH is under pressure below $1,720, with support at $1,600-$1,620; losing this zone can drag it toward $1,560-$1,520.

Gold is also capped despite geopolitical risk, as higher oil is reviving inflation and rate concerns. XAUT remains weak below $4,105-$4,125, with $4,040 as immediate support.

Akshat Siddhant, Lead quant analyst, Mudrex

Gold extended its decline to around $4,030 per ounce, its lowest level since July 2, after U.S. President Donald Trump declared the interim peace agreement with Iran "over," reigniting geopolitical uncertainty. At the same time, crude oil prices surged more than 5%, raising concerns that higher energy costs could fuel inflation and keep U.S. interest rates elevated for longer. Meanwhile, Silver also fell to an 8-month low as investors moved towards safer assets such as the US dollar. Any indication of de-escalation could improve risk sentiment and support a recovery across precious metals.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is trading around the $62,000 level as renewed geopolitical tensions, following President Trump's announcement ending the ceasefire, have pushed investors toward a risk-off stance. At the same time, Japan's 10-year government bond yield has climbed to a 30-year high, prompting a broader rotation of capital across global markets. Despite these headwinds and persistent inflation concerns, spot Bitcoin ETFs recorded $143 million in net inflows, providing support to prices. The $60,000 level now remains a critical support zone. A break below it could see Bitcoin retest its monthly low near $57,700. Investors should also watch upcoming U.S. jobless claims data, which could influence the Fed's next policy decision.

Strong forex reserves, resilient services exports, healthy remittances and a credible inflation-control framework have changed India's growth outlook. Read full report here

Ravi Singh - Chief Research Officer - Master Capital Services Limited 

Wednesday's market weakness was mainly triggered by a sharp rise in global uncertainty. The surge in crude oil prices has raised concerns over inflation and higher import costs for India, while fresh geopolitical tensions have made investors more cautious. Weak global cues and profit booking after the recent market rally further added to the pressure. As a result, selling was witnessed across most sectors, leading to a broad-based correction in the benchmark indices.

Both crude oil prices and geopolitical developments play an important role in shaping market sentiment. Since India imports a large part of its crude oil requirement, any sharp increase in oil prices can impact inflation, corporate margins and the country's trade balance. At the same time, geopolitical tensions create uncertainty across global markets, prompting investors to reduce risk. If these concerns continue, market volatility is likely to remain elevated in the near term.

Sectors that are directly affected by rising crude prices, such as aviation, paints and oil marketing companies, may remain under pressure if oil prices stay elevated. Export-oriented sectors could also witness intermittent volatility due to global uncertainty. However, private banks, capital goods and infrastructure-related companies continue to have relatively stronger fundamentals. Any meaningful correction in quality businesses may also attract long-term investors looking to accumulate at better valuations.

Going ahead, investors should keep an eye on crude oil prices, geopolitical developments, quarterly earnings and the trend in foreign institutional investor flows. These factors will largely decide the market's next move. Although the current correction has increased volatility, the broader outlook for Indian equities remains constructive, supported by healthy domestic fundamentals. Investors should avoid panic selling and instead focus on fundamentally strong companies with a long-term investment approach.

At the close on Wednesday, the total market cap of all BSE Sensex companies was Rs 4,71,23,612.