Iran moves to close Strait of Hormuz. Should investors fear a Nifty crash in coming days?

Reports of Iran closing the Strait of Hormuz following US strikes on Iranian targets have raised concerns about crude oil prices and Indian markets, with the Nifty slipping 0.26 percent to 24,207 and the Sensex falling 0.25 percent to 77,569 last week, snapping a four-week winning streak. Analysts flagged Brent crude moving above $80 per barrel as a key risk for oil marketing companies, aviation, paints, chemicals and tyres, while banking, IT and pharma could hold up if Q1 earnings remain steady. FIIs turned net buyers in July with inflows of over Rs 15,157 crore after four months of selling, though a wider Iran-US conflict could reverse the trend.