Indian equity markets closed Tuesday for Ambedkar Jayanti holiday. Benchmark indices declined nearly one percent Monday as geopolitical tensions between US and Iran escalated, triggering concerns over crude oil prices and inflation. BSE Sensex fell 702.68 points to 76,847.57 while NSE Nifty dropped 207.95 points to 23,842.65. Brent crude surged 7.73 percent to USD 102.6 per barrel amid rising global uncertainties. Auto stocks led losses alongside energy, services and IT sectors, while telecom and power stocks gained. FIIs remained net buyers with purchases worth 672.09 crore. Trading resumes Wednesday with investors monitoring global cues, oil movements and geopolitical developments closely.
