Indian Markets Brace for Plunge as Brent Crude Soars Amid Iran War Escalation

• Indian shares are set to open sharply lower as Brent crude jumped above $110 a barrel following a fresh escalation in the Iran war.
• A hawkish U.S. Federal Reserve, citing persistent inflation pressures and Iran war risks, added to growth worries.
• Iran attacked several energy facilities across the Middle East, including the South Pars gas field, escalating its conflict with the U.S. and Israel.
• Foreign portfolio investors sold Indian shares for the 14th consecutive session, totaling 27.14 billion rupees on Wednesday.
• HDFC Bank's part-time Chairman Atanu Chakraborty resigned citing "values and ethics" differences, causing its U.S.-listed shares to tumble.