Indian Markets Expected to Open Lower Amid Global Cues and Rising Crude Prices

The Indian stock market is expected to open on a negative note due to global cues. The GIFT Nifty, which tracks the Indian market's performance, has dropped 80 points or 0.33%.

Asian markets are trading lower following the US benchmark futures and other global cues. South Korean equities have seen the maximum decline in the region after the US struck Iranian rocket launchers on Larak Island, Strait of Hormuz.

The West Texas Intermediate (WTI) crude futures surged 1.08% to trade at $84.30 per barrel, while Brent crude futures were trading 2% higher around $89.24.