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Indian stock markets are likely to be struggling on Wednesday taking cues from their global peers. Asian shares and US treasury yields tumbled on Wednesday, while the Japanese yen, gold, and oil prices shot higher after Iran fired rockets at Iraqi airbases hosting US military forces, stoking fears of a wider conflict within the Middle East.

Iran’s missile attacks on the Ain Al-Asad air station and another in Erbil, Iraq, early Wednesday, came hours after the funeral of an Iranian commander whose killing during a US drone strike has intensified tensions within the region.

The governor’s comment comes within the wake of hardening domestic inflation and rising petroleum price, and before the February meeting of RBI’s monetary policy committee (MPC).

Following the Securities and Exchange Board of India (Sebi) diktat, over 20 listed companies, for the primary time, disclosed loan defaults to stock exchanges on Tuesday. a number of the businesses which disclosed default in their loans includes Suzlon Energy, Jaypee Infratech Ltd, companies belonging to the Anil Dhirubhai Ambani group.