Indian stock markets opened on a weak note, with the Sensex falling over 100 points and the Nifty 50 slipping below key resistance levels. The decline comes as crude oil prices surged close to $110 per barrel due to continued tensions in the US–Iran conflict.
Rising oil prices have increased inflation concerns and put pressure on sectors like banking and automobiles. Investors remain cautious as geopolitical uncertainty continues to influence global sentiment.
Analysts believe markets may remain volatile in the near term, with key support levels being closely watched. Any escalation in war tensions could further impact market direction.
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