Indian markets may see big gap-down opening on Monday, Nifty may slip below 24,000: Report

Indian markets may see big gap-down opening as they open on Monday amid an escalating Middle East war, with Nifty expected to slip below 24,000, Livemint reported, citing market experts. They blamed this on Middle East countries shutting oil and gas production, which could push oil prices beyond $100/barrel. They said oil majors, including Reliance Industries, may drag markets down.