Investors are bracing for how U.S. stock market futures respond after Israel and Iran ramped up their aerial attacks early Sunday, and after President Donald Trump suggested that “it’s possible” the U.

As long as the Nifty-50 Index remains below 24,850, weak sentiment is likely to continue and could retest the level of 24,500. A breach of 24,500 could accelerate selling pressure, and the index could slip to 24,

"The conflict is propelling inflation expectations via the cost of crude oil … on worries that supplies could be disrupted in the region." Indeed, crude oil futures jumped 7.3% Friday to finish at $72.