Indian equity benchmarks are set to open lower on Wednesday, with the Gift Nifty trading at a discount of nearly 72 points from the previous close.
The forward indicator hovered around the 24,108 level, signaling a cautious start for the Sensex and Nifty 50 as investors digest overnight developments.
This negative positioning marks a sharp reversal from earlier expectations of a positive open, when the Gift Nifty had briefly traded at a premium.
The shift reflects growing investor anxiety over persistent geopolitical tensions, particularly the fresh escalation of military strikes between the United States and Iran.
Global equity markets have come under pressure as traders retreat from risk assets amid the renewed conflict.
Elevated crude oil prices are compounding the headwinds for Indian markets.