From Gift Nifty, US-Iran war to crude oil prices: 7 key things that changed for Indian stock market overnight

Indian benchmark indices Sensex and Nifty 50 are expected to open lower on Wednesday, weighed by escalating US-Iran tensions and a sharp selloff in US semiconductor stocks overnight. Crude oil prices jumped after the US launched strikes on Iran and reinstated trade sanctions, with Brent crude gaining 1.83% to $75.52 per barrel and WTI rallying 1.97% to $71.83. Gift Nifty is trading at around 24,235, a discount of nearly 205 points from the previous close, signaling a negative start for Indian markets.