Indian Markets Slip Amid Oil Price Concerns and US-Iran Tensions

The Indian markets ended marginally lower on Tuesday amid concerns over higher oil prices and fresh tensions between the US and Iran.

The benchmark BSE Sensex dropped 301.15 points, or 0.39%, to 76,656.12, while the Nifty slipped 24.60 points, or 0.10%, to end at 24,055.80 on the weekly expiry day.

Vinod Nair, Head of Research at Geojit Investments Ltd, noted that markets are balancing India's strong growth momentum against mounting global uncertainties.

The US Federal Reserve's hawkish stance has renewed concerns about inflation and the prospect of elevated interest rates for an extended period.