Due to the ongoing military conflict between Israel and Hamas and a rise in global crude oil prices, the benchmark stock market indices, Sensex and Nifty, opened with a decline on Monday. Concerns about rising U.S. interest rates also had an impact on market sentiments despite strong jobs data.

Around 9:50 AM, the S&P BSE Sensex was down by 268.42 points at 65,727.21, while the NSE Nifty 50 had dropped by 75.10 points to 19,578. Market indices turned negative due to increasing volatility.