US stock market to Nikkei: Here’s world equity heatmap you should know before the opening of Indian stock market today

Indian markets are expected to open weak on Wednesday, tracking overnight selloffs in global equities. Gift Nifty was trading around 24,238, a discount of nearly 202 points from the previous close. Concerns over escalating US-Iran tensions in the Middle East, attacks on tankers in the Strait of Hormuz, and rising crude oil prices (Brent near $76 a barrel) are weighing on investor sentiment. Asian markets traded lower led by sharp declines in Korean indices (Kospi down 2.14%, Kosdaq down 3.97%), while US indices ended lower with Nasdaq falling 1.16% due to a broad semiconductor selloff.