Indian markets opened lower Tuesday, extending losses as geopolitical tensions, surging crude oil prices, and rupee weakness weighed on investor sentiment. The Sensex fell 0.55 percent while Nifty 50 declined 0.38 percent in early trade. The collapse of US-Iran ceasefire talks sent Brent crude to $105 per barrel, raising global supply concerns. For India, a major oil importer, elevated energy costs threaten imported inflation and pressure the current account. The rupee depreciated to near record lows around 95.3 against the dollar on safe-haven demand. Consumer, realty, and aviation stocks faced selling pressure as austerity measures discouraged non-essential spending. Technical analysts warn that Nifty may struggle at the 23,800 support level with potential gap-down opening of 150-200 points expected.
