Indian Markets Poised for Lower Opening Amid US-Iran Conflict and Rising Oil Prices

Indian stock markets are set to open sharply lower following a holiday closure, as escalating US-Israel-Iran conflict intensifies geopolitical tensions and drives crude oil prices to multi-month highs above $80 per barrel. Global markets, including Asian and European indices, have declined amid concerns over energy supply disruptions through the Strait of Hormuz. Rising oil prices raise fears of inflation, a widening trade deficit, and pressure on the rupee, impacting investor sentiment and corporate earnings. Analysts note the market is oversold but caution remains amid uncertainty over the conflict's duration and economic effects.