Indian markets are likely to see a gap-down opening with elevated volatility amid global risk-off sentiment triggered by the US-Iran conflict. Analysts say oil marketing companies, paints, tyres, aviation and chemicals face margin pressure from higher input costs. Upstream oil producers such as ONGC and Oil India may benefit from stronger realisations, while defence names including HAL and BEL could see sentiment support.

STATE OF THE MARKETS

GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 52 points, or 0.21 per cent, at 25,234, signaling that Dalal Street was headed for a negative start on Monday.

• Tech View: The index has slipped sharply lower after spending three days below the key short-term moving average. Over the short term, the index might remain under selling pressure, with rallies being sold into. Support on the lower end is placed at 25,000 / 24,750. On the higher end, resistance is placed at 25,370.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4.9% to settle at 13.7 levels.

US stocks end lower
Financial and technology stocks bore the brunt of lingering investor concerns on Friday, leaving U.S. equities headed for their steepest monthly percentage drop in a year.

Asian shares fall
Asian shares fell 1.1%, with equity-index futures for the US and Europe also tumbling as tensions escalated following the US-Israeli war against Iran. Brent surged as much as 13% — before paring gains — as the conflict plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz.

• S&P 500 futures fell 0.9% as of 9:57 a.m. Tokyo time
• Hang Seng futures fell 0.5%
• Nikkei 225 futures (OSE) fell 2.1%
• Japan’s Topix fell 1.9%
• Australia’s S&P/ASX 200 fell 0.5%
• Euro Stoxx 50 futures fell 1.6%

Gold climbs
Gold prices rose as much as 2% on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.

Oil jumps
Oil prices surged more than 8% to their highest in months on Monday as Iran and Israel stepped up attacks in the Middle East, ‌damaging ⁠tankers ⁠and disrupting shipments from the key producing region.Dollar gains
The euro slid, Swiss franc rose and the dollar jumped on Monday as investors headed for safety after the U.S. and Israel bombed Iran, killing supreme leader Ayatollah Ali Khamenei to open a power vacuum and raise the risk of a protracted Mideast war.

Stocks in F&O ban today

Samman Capital

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action
Foreign portfolio investors net sold shares worth Rs 7,536 crore on Friday. DIIs, meanwhile, were net buyers at Rs 12,293 crore.

Rupee
The rupee declined 17 paise to settle at 91.08 against the US dollar on Friday weighed down by a massive outflow of foreign fund and a sharp rise in global crude oil prices amid geopolitical uncertainties.

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