Indian Markets Open Lower Amidst Crude Price Rise and FII Outflows

Indian stock markets opened with a slight negative bias on Wednesday, with the Sensex down 74 points and Nifty easing 12 points. This movement is attributed to fears of disruption in Iranian crude exports and sustained foreign institutional investor (FII) outflows. Oil prices surged due to escalating Iran tensions. Asian markets traded mixed, while US markets closed mostly lower. Midcap and smallcap indices showed divergence, with smallcaps gaining.