GIFT Nifty Signals Muted Start for Indian Markets Amid Oil Surge

GIFT Nifty fell by 100 points, indicating a cautious opening for the Sensex and Nifty as global oil prices continue to climb due to Middle East instability.

Investors are closely monitoring the impact of rising crude prices, which have surged past $80 per barrel, on India's import bill and domestic inflation outlook.

Market sentiment remains fragile as traders await further cues from Q1 earnings reports and potential shifts in foreign institutional investor (FII) activity.