Indian equity markets are likely to open on a cautious note on Tuesday amid the fresh escalation of the Iran-US war. Gift Nifty at 24,035 signals a gap-down opening of over 150 points. Hariprasad K, a SEBI-registered Research Analyst and Founder of Livelong Wealth, said global cues remain fragile. “The US markets saw sharp selling pressure, with the Dow correcting significantly as crude oil surged on renewed geopolitical concerns around the Strait of Hormuz. “Elevated oil prices, still holding above the $100 mark, continue to pose a macro risk for India, given its import dependence. Sustained strength in crude could…
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