Indian benchmark indices witnessed a sharp decline as escalating tensions in the Middle East triggered broad-based selling across global equity markets.

The Indian rupee weakened against the U.S. dollar after crude oil prices jumped sharply following renewed military tensions between the United States and Iran.

Gold and silver prices are expected to remain volatile this week as investors assess the impact of geopolitical tensions and upcoming inflation data from major economies.

Asian equity markets traded lower after geopolitical tensions intensified in the Gulf region, leading investors to reduce exposure to riskier assets.

The Strait of Hormuz has once again become the centre of global attention after renewed tensions involving Iran and the United States.

Growing geopolitical uncertainty has prompted investors to adopt a more defensive investment approach. Many market participants are reducing exposure to cyclical sectors while increasing allocations to defensive industries such as pharmaceuticals, FMCG and utilities.

Asian equity markets traded higher as investors looked beyond the latest developments in the Middle East and shifted their attention to corporate earnings and economic data.

Crude oil prices remained volatile as markets continued assessing geopolitical developments in the Middle East.

Gold prices remained supported as investors maintained allocations to safe-haven assets amid continued geopolitical uncertainty.

Indian equity markets staged a partial recovery after witnessing their steepest single-day decline in nearly three months.