New Delhi, March 6 -- Escalating tensions between the US, Israel and Iran are expected to remain a near-term overhang for Indian equities, primarily due to the risk of higher crude prices and potential disruptions to global energy supply, said Phillip Capital in a recent report.

While these geopolitical tensions could weigh on investor sentiment in the short term, the brokerage believes the current correction could offer attractive entry opportunities for long-term investors and should be viewed as an opportunity to accumulate quality stocks.

"US-Israel and Iran war will be a near-term overhang on Indian equities due to risk from higher oil prices and energy supply. Lasting supply constraints will be a negative for Indian GDP and earnin...