The Sensex and Nifty 50 declined for the second session due to rising geopolitical tensions and global economic uncertainty. Concerns related to developments in the Middle East and caution ahead of a major financial policy update influenced market sentiment. Broader indices, including midcap and smallcap segments, also saw declines, reflecting widespread sector impact. Commodity price fluctuations, especially in oil, added to the pressure. The total market capitalisation of listed companies contracted, with declines seen across key sectors such as energy, manufacturing, and technology. This trend reflected external events more than internal sector performance. followed a similar pattern.

In 2025, rising interest rates are increasing costs for borrowers with variable-rate mortgages, as their payments adjust upward when benchmark rates rise. This leads to higher monthly payments over time. In contrast, fixed-rate mortgage holders are unaffected by rate hikes because their rates remain constant throughout the loan term. As a result, fixed-rate mortgages offer more payment stability, while variable-rate mortgages become less predictable and more expensive. This difference is causing many borrowers to prefer fixed-rate options to avoid future payment increases linked to ongoing interest rate changes. Lenders are also tightening conditions due to increased borrowing costs.