Indian Markets Set for Flat Open as Brent Crude Nears $85

Indian stock markets were expected to open on a flat note, with little directional momentum anticipated at the start of trading. Brent crude oil prices climbed close to $85 per barrel amid growing uncertainty over the potential reopening of the Strait of Hormuz. The Strait of Hormuz is a critical global oil transit route, and any disruption or ambiguity around its status tends to influence energy markets significantly. Rising crude prices can weigh on import-dependent economies like India, adding pressure to market sentiment. Traders and investors were closely watching developments around the strait for further cues on commodity and equity market direction.