Indian Markets Decline Amid West Asia Tensions and Rising Oil Prices

Indian equity markets faced significant volatility and declines amid escalating geopolitical tensions in West Asia, particularly the US-Iran conflict, which pushed crude oil prices above $110 per barrel. The Nifty 50 dropped below key support levels near 24,300, with analysts warning of potential falls to 24,000 or lower. Financials, metals, FMCG, and fertilizer sectors experienced pressure due to rising input costs and supply concerns. Defence stocks showed mixed performance amid increased focus on the sector. Experts advise cautious trading and portfolio diversification during this uncertain period.