The recent rebound in global financial markets offers relief following a turbulent period triggered by the West Asia conflict. Indian equities faced a sharp decline, correcting by 11% as crude oil prices surged by 45%, leading to concerns over imported inflation and corporate earnings. The Indian rupee weakened significantly, dropping from around ₹91 to over ₹95 against the US dollar at its lowest point. Foreign portfolio investors (FPIs) were major sellers, offloading nearly ₹1.6 trillion (approximately $19.3 billion USD) in equities, marking one of their most severe selloff months. Domestic institutional investors (DIIs) played a crucial role in absorbing much of the selling pressure, preventing a more drastic market decline. Despite the recent rally, spurred by easing oil prices and hopes for a resolution to the conflict, market participants remain cautious due to persistent geopolitical risks and instability in energy markets.