Indian markets opened on a cautious note Tuesday as rising geopolitical tensions in the Middle East weighed on investor sentiment. GIFT Nifty signaled a muted-to-negative start after fresh US strikes in Iran triggered concerns over global risk appetite and oil supply disruptions.
Key pre-open indicators showed pressure on benchmark indices:
- Sensex traded lower by 109 points at 76,379
- Nifty 50 slipped 33 points to 23,998
- Dollar-Rupee stood at 95.4, up 0.18%
Commodity markets reflected heightened volatility:
- Gold MCX declined 0.30% to 1,58,603
- Silver MCX fell 1.18% to 2,73,437
- Crude MCX surged 1.54% to 8,759 amid renewed geopolitical concerns
Asian markets traded mixed, with South Korea’s Kospi hitting a fresh high, while Nikkei and Hang Seng remained under pressure. Brent crude moved closer to the $98 mark, keeping inflation concerns alive globally.
Market participants will closely monitor:
- Iran-US geopolitical developments
- Crude oil trajectory
- F&O expiry volatility
- Heavy Q4 earnings lineup including ONGC, Siemens, IRCTC, Gujarat Gas, JK Tyre, Senco Gold, and GIC
Institutional flows remained supportive in the previous session, with FIIs buying ₹822 crore worth of equities and DIIs purchasing ₹3,857 crore.
