New Delhi, July 13 -- Indian markets started the week with a sharp decline amid fresh geopolitical tensions between the US and Iran, consequently contributing to rising crude oil prices.

The BSE SENSEX stood at 76,899.27 points, down by 670.12 points or 0.86 per cent. Similarly, NSE NIFTY 50 stood at 24,014.75 points, shedding 192.15 points or 0.79 per cent.

"Indian markets recovered last week but ended a 4-week positive move with a small negative weekly performance," said Ajay Bagga, banking and market expert. "This morning the Gift Nifty is pointing to a weak start."

However, he maintained a constructive outlook on domestic equities despite the surrounding instability. "We remain positive on Indian markets on the back of improving ea...