Indian Markets Decline Amid Middle East Tensions and Rising Crude Prices

Indian equity markets faced significant volatility and declines amid escalating geopolitical tensions in the Middle East, particularly the Iran-Israel conflict and the closure risk of the Strait of Hormuz. Rising crude oil prices and foreign institutional investor selling intensified market pressure, with key indices like the Nifty and Sensex falling sharply. Sectors such as metals, oil and gas, and realty were notably impacted, while some stocks like Reliance Industries showed resilience due to potential refining margin benefits. Technical indicators suggest oversold conditions, hinting at possible short-term relief rallies amid ongoing uncertainty.