Investors are nervous; not just because of ₹100+ oil, but because the US Fed might hike rates again in September. That’s bad news for big Indian stocks, especially banks and real estate. But here’s the twist; FMCG and auto stocks held up, thanks to solid quarterly results. What’s next? Markets are watching two things closely: oil prices and Middle East tensions. If either calms down, we might see a bounce back. But for now, caution is the name of the game. Remember; broad market indices like Midcap100 and Smallcap100 also fell, showing this isn’t just a top-heavy correction. Keep an eye on IIP data and US inflation numbers; they’ll shape the next move. Smart investors aren’t panicking. They’re watching, waiting, and planning.