Gift Nifty, US-Iran war, bond yields to crude oil prices: 10 things that changed for Indian stock market over weekend

Indian markets are expected to open lower on Monday after escalating US-Iran conflict and fears of Strait of Hormuz closure pushed crude oil prices sharply higher, with Brent up 3.88% to $78.96 and WTI spiking 4.01% to $74.27. Gift Nifty was trading around 24,056, a discount of nearly 186 points, signalling a gap-down start. US two-year treasury yields climbed to a 16-month high of 4.24% on inflation and rate-hike fears, while spot gold declined 1.2% to $4,072.78 per ounce; on Friday, the Sensex had jumped 827.57 points (1.08%) to 77,569.39 and Nifty 50 gained 244.10 points (1.02%) to 24,206.90.