From Gift Nifty, US-Iran war, oil prices to Kospi’s crash: 8 key things that changed for Indian stock market overnight

Indian markets are set for a steady opening on Thursday as mixed global cues persist amid escalating US-Iran tensions, with Brent crude rising for a fourth straight day to about 85.28 dollars per barrel on fears of Strait of Hormuz supply disruptions. Asian markets sold off sharply, led by South Korea's Kospi crashing 6.17 percent and Japan's Nikkei 225 falling 3.03 percent, while US indices ended higher on softer PPI data which posted its biggest monthly decline in 14 months at minus 0.3 percent. Gift Nifty traded around 24,106, indicating a premium of about 39 points, though analysts warn elevated crude prices, a weaker rupee, and geopolitical volatility could keep markets choppy through the ongoing Q1 results season.