Indian markets are seeing some serious red today and it's pretty much tied to the Middle East situation escalating. Trump's signaling this US-Israel military campaign against Iran could drag on for weeks, and now Israel's expanded operations into Lebanon territory. That's got everyone spooked.

The benchmark Sensex dropped 682 points hitting 0.8 percent losses while Nifty fell 233 points or 0.9 percent to 24,945. Pretty sharp selloff across the board honestly.

Some notable movers - Adani Ports took a hit losing over 2 percent. Tata Motors down nearly 2 percent even though they reported a solid 35 percent year-on-year sales jump in February, which is wild. SpiceJet got hammered though, down 4.5 percent after a court ruling went against them in some share transfer case. L&T and Indigo both took around 4 percent hits, Bajaj Finance and Asian Paints each down about 2 percent.

Interesting part is the oil plays actually benefited from this. ONGC and Oil India moved higher as crude surged past $80 a barrel following all the strikes and Iranian retaliatory attacks. That's the classic flight-to-safety play when geopolitical risks spike.

Bharti Airtel managed a slight gain after announcing a Google partnership for messaging services across India. But overall the red indians market sentiment is pretty risk-off right now given how uncertain things look regionally. Oil, geopolitics, and market nerves all feeding into each other at the moment.