Indian Markets Decline Amid US-Iran Conflict and Rising Geopolitical Risks

Indian equity markets experienced sharp declines amid escalating geopolitical tensions in West Asia, particularly the US-Iran conflict, which triggered a global risk-off sentiment and a surge in crude oil prices. The Nifty 50 fell below key support levels near 24,600, with bearish momentum expected to continue, while the Bank Nifty also faced pressure. Market volatility increased, reflected in a rising India VIX. Sectoral impacts varied, with oil exploration firms benefiting and aviation, paint, and railway stocks facing headwinds. Analysts advise caution, recommending selective buying of fundamentally strong stocks amid uncertainty.