The Indian stock market has fallen to a two-month low, with technology and automotive stocks declining.

The Indian stock index fell to a two-month low, with technology and automobile stocks leading the decline. The NIFTY 50 index of the National Stock Exchange of India fell by up to 1.3%, but the losses later narrowed. This index performed better than the MSCI Asia Pacific index, which fell by 3%. Rising oil prices, along with market speculation that the US may raise interest rates, have put pressure on stock markets in the Asia Pacific region. After Iran launched a missile attack, Israel announced strikes on military targets inside Iran, the fragile ceasefire situation in the Middle East is now in danger, and related negotiations have stalled. As a result, oil prices have soared. Since the outbreak of the conflict in Iran, the Indian government has raised the price of domestic liquefied gas for the second time to alleviate losses for state-owned retail companies selling fuel at a discount. Last month, India had already raised diesel and petrol prices four times. Among the NIFTY 50 stocks, 11 stocks rose while 39 stocks fell.