There could be other reasons due to the middle east war escalation with potential to cause spike in crude oil prices and also potentially creating supply chain bottlenecks in the Asia-Europe corridor.
Sensex falls 70 points, Nifty below 23,900 as US-Iran tensions simmer
Indian stock markets opened lower on Wednesday. Sensex and Nifty saw minor declines. Investors are watching US strikes on Iran and their effect on peace