Mumbai/IBNS, June 23 -- The Indian stock market opened on a weak note on Tuesday as investors turned cautious amid uncertainty surrounding the US-Iran peace deal, according to media reports.

Sensex, Nifty start in the red

However, benchmark indices recovered some of their initial losses as trading progressed. The Sensex briefly entered positive territory, while the Nifty hovered around the 24,100 mark.

Oil price surge fuels volatility

Market sentiment remained volatile as crude oil prices climbed, with investors closely monitoring the fragility of the ceasefire agreement between the United States and Iran.

Rising oil prices are a key concern for India, a major crude importer, as they can increase inflationary pressures and impact cor...