Geopolitical Tensions Weigh on Indian Stock Markets Amid Elevated Oil Prices

Indian stock markets declined in early trade on Thursday as geopolitical tensions and elevated crude oil prices weighed on investor sentiment.

The BSE Sensex fell by 172.48 points to 77,786.41, while the Nifty dipped by 90.35 points to 24,343.50.

Elevated crude oil prices, driven by the US-Iran standoff over the Strait of Hormuz, remain a primary concern for domestic equities and are likely to keep investor sentiment measured, according to Ponmudi R, CEO of Enrich Money.

Brent crude traded 0.82 per cent lower at USD 88.25 per barrel, although it had eased modestly from the previous day's levels.