Indian stocks expected to open lower due to rising oil prices and US-Iran tensions
From Nasdaq: 2025-06-22 22:40:00
- Indian shares are expected to open lower on Monday following a spike in oil prices and escalating tensions between the U.S. and Iran. President Trump warned of greater force in response to any Iranian retaliation against U.S. assets.
- Iran launched a missile attack on Israel, leading to damage and injuries in Tel Aviv. Oil prices surged nearly 2% on fears of a broader regional conflict, with both Brent and WTI contracts hitting their highest prices since January.
- Asian markets traded lower amid the uncertainty, while U.S. stocks fell on Friday due to rising Middle East tensions. European stocks, however, closed mostly higher after three consecutive sessions of declines.
- In India, the Sensex and Nifty ended the week positively, breaking a two-week losing streak. The gains were driven by foreign institutional investors and the RBI’s decision to ease provisioning rules on infrastructure loans.
Read more at Nasdaq: Sensex, Nifty Seen Lower As US Enters Israel-Iran War