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Due to the ongoing Iranian conflict and the impending closure of the vital Strait of Hormuz waterway, which has caused disruptions to the world market, oil prices continued to rise.

The GIFT Nifty is hinting at a gap-down start as the price of Brent Crude surges to $120

Some of the stocks to look out for include Adani Power, Bajaj Finance, Schaeffler India and more.

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With exit polls following the second phase of state elections scheduled for later in the day, markets are now likely to follow domestic political developments. Sentiment may remain erratic due to these indicators as well as the final results next week.

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