business π Oil spike, Iran tension weigh on Indian markets
Indian benchmark indices are likely to open negatively on Tuesday, August 18th, amid global market shifts. The Sensex and Nifty 50 closed lower on Monday as investors weighed Q1FY27 earnings against geopolitical risks. Renewed strength in crude oil prices, with WTI around $85.04, fuels energy supply concerns for India. Meanwhile, Kospi rallied over 3%, contrasting with lower Asian trades and mixed US futures. Markets await clearer signals from the ongoing U.S.-Iran conflict and oil supply stability. β½