Indian equity benchmarks opened sharply lower on Tuesday, extending a multi-day selloff driven by escalating geopolitical risks in the Middle East.
Renewed military tensions between the United States and Iran have pushed crude oil prices higher, triggering widespread risk aversion among investors and weighing heavily on market sentiment.
The BSE Sensex and Nifty 50 both traded in negative territory at the open, continuing the downward pressure that began earlier in the week.
The sell-off was broad-based, but technology and non-banking financial company (NBFC) stocks faced the steepest declines.
These sectors are particularly sensitive to rising energy costs and global risk-off dynamics, as higher oil prices threaten to compress margins and dampen consumer spending.
This development marks a continuation of the volatility seen since Monday, when Indian markets also opened lower amid reports of fresh US military activity in the region.