Investor sentiment in the Indian bond market has been affected by escalating war tensions in West Asia and rising crude oil prices. India relies heavily on oil imports, with 90% of its requirements met through imports, and approximately 30% of this oil transported via the Strait of Hormuz. This dependency makes India particularly vulnerable to disruptions caused by conflicts in the region. The apprehension among investors has increased ahead of the upcoming Consumer Price Index (CPI) data release, which will provide further insights into inflation trends and economic conditions. These factors collectively contribute to cautious trading in Indian bonds at present.