India, March 1 -- India's stock market is likely to see a gap-down open on Monday as the Iran war is certain to deliver a crude shock for the world's fourth largest economy. Expect elevated volatility amid global risk-off sentiment, analysts said.

India's oil marketing companies, including Indian Oil Corp. Ltd., as well as makers of paint, tyres and chemicals, are likely to come under margin pressure due to higher input costs. Upstream oil producers such as ONGC Ltd. and Oil India Ltd. may benefit from stronger realisations, while defence firms such as Bharat Electronics Ltd. and Hindustan Aeronautics Ltd. could see sentiment support.

"The stock market is likely to move from earnings-driven to oil-driven trading in the near term," JM Fi...