Indian markets set to open cautiously as geopolitical tensions between the US and Iran escalate, driving crude oil volatility and investor uncertainty. Gift Nifty indicates a modest 100-point gain, but analysts warn sentiment remains fragile. Banking heavyweights HDFC Bank and ICICI Bank delivered solid Q4 earnings over the weekend, potentially offering some support, though their stabilizing effect may be limited amid global volatility. Crude oil price movements remain a key concern for the Indian market. Investors are closely monitoring FPI flows, rupee stability, and the ongoing earnings season for directional cues. While domestic fundamentals show strength, geopolitical risks continue to overshadow market sentiment.
