Explained: What US‑Israel war on Iran means for Indian stocks and oil prices

Indian markets tumbled Monday as the US and Israel struck Iran, killing Supreme Leader Ali Khamenei. Sensex plunged ~2,700 points, Nifty 2%, and the rupee hit a one-month low. Brent crude jumped 6% to $77 a barrel, raising energy concerns. Banks, autos, and OMCs led the decline. Experts say panic selling is the wrong strategy and suggest using weakness to gradually accumulate high-quality stocks in banking, automobiles, capital goods, and defence.