Just caught the market action in India today and it's pretty rough. The Indian stock indices got hammered as geopolitical tensions in the Middle East started weighing heavily on investor sentiment. Trump's signals about a prolonged U.S.-Israeli campaign against Iran, combined with Israel's expanded strikes on Hezbollah positions in Lebanon, really spooked traders.

The Sensex dropped 682 points hitting 80,605 while Nifty fell 233 points to close at 24,945. That's roughly 0.8 to 0.9 percent down respectively. When you see these kinds of moves, it's usually a flight-to-safety trade playing out.

What's interesting though is how selective the selling got. Adani Ports tanked over 2 percent, Tata Motors lost nearly 2 despite posting solid 35 percent year-on-year sales growth in February. SpiceJet got absolutely crushed, down 4.5 percent after a court ruling went against them on a share transfer issue. L&T and Indigo both dropped around 4 percent while Bajaj Finance and Asian Paints each fell about 2 percent.

But here's where it gets nuanced. Oil stocks actually moved higher as crude prices surged past $80 a barrel following the strikes and retaliatory attacks. ONGC and Oil India both gained ground, which makes sense when you think about energy security concerns pushing prices up. Bharti Airtel managed a modest gain on news of their Google partnership for messaging services across India.

The whole market dynamic shows how geopolitical shocks can create these weird divergences. You've got sectors getting down heavily on risk-off sentiment while energy plays benefit from supply concerns. It's a reminder that Indian markets remain sensitive to global events, especially anything touching energy security and Middle East stability.