Global Cues Signal Lower Opening for Indian Markets; Sensex, Nifty Plunge

• Indian equity benchmarks Sensex and Nifty are set for a lower opening today, March 12, tracking a decline in GIFT Nifty.
• On March 11, Sensex fell 1,342.27 points (1.72%) and Nifty dropped 394.75 points (1.63%), with Nifty 50 falling below 23,850.
• Global markets saw Asian equities fall due to surging oil prices from Strait of Hormuz incidents, and US stocks closed lower amid US-Israeli war on Iran concerns.
• Crude oil prices jumped over 7% (West Texas Intermediate, Brent crude), while Gold and Silver traded lower; Dollar Index rose, and Asian currencies mostly declined.
• FIIs extended their selling streak to 9 sessions, offloading Rs 6,267 crore, while DIIs continued buying for the 11th day, purchasing Rs 4,965 crore.