Indian equities fell sharply in early trade as pharma, banking and other sectors came under pressure. Rising US tariff worries and Brent crude above $92 added to concerns over costs and sentiment.

Indian markets are set for a cautious open as Brent crude climbed to $92 amid escalating Middle East tensions. The spike has sharpened concerns over inflation, earnings pressure and India's import bill.

Stock markets decline for the second day, with HDFC Bank's drop and geopolitical tensions impacting investor sentiment.