Indian Markets Open Lower as US-Iran Tensions Persist

The Indian equity markets started the week on a lower note as uncertainty surrounding the US-Iran conflict continued to keep crude oil prices high.

Nifty and Sensex declined in early trade, with Nifty opening at 24,343.45, down 22.55 points or 0.09% from its previous close.

The lack of progress towards resolving the US-Iran tensions kept crude oil prices elevated, weighing on the markets.

Analysts expect range-bound trading in the near term, with opportunities emerging in midcaps and smallcaps.