India, July 17 -- Friday, investor sentiments are focused largely on the geopolitical situation in the Middle East, as the US and Iran widened strikes.

Geopolitical tensions dominated market sentiment on Friday after the US and Iran widened their military strikes across the Middle East.

In the Asian trading hours, the U.S. dollar held steady.

Oil prices traded higher, Brent crude futures were up 1.2 percent at $85.24 a barrel.

Gold prices edged up toward $4,000 an ounce. Spot gold rose half a percent to $3,998.01 per ounce.

As of 8.05 am ET, the Dow futures were down 306.00 points, the S&P 500 futures were fell 66.50 points and the Nasdaq 100 futures were declining 539.00 points.

The U.S. major averages closed in negative territory on...