GIFT Nifty Plunges 550 Points Amid West Asia War, Oil Spike; Global Markets Reel

• GIFT Nifty signals a 550-point gap-down, trading at 24,446.5, down 2.18% due to escalating geopolitical tensions.
• Tensions in West Asia involving Iran, US, and Israel, along with Strait of Hormuz blockage reports, fuel global risk-off sentiment.
• Crude oil prices surge sharply due to potential supply disruptions, raising inflation and interest rate concerns.
• Global markets, including Asian, European, and US futures, react negatively with sharp declines.
• India, importing over 80% of crude, faces widened current account deficit, increased inflation, and policy complications from higher oil prices.