The GIFT Nifty indicated a slightly negative open following the announcement of a fuel price hike amidst the US-Iran war. The Government of India increased petrol and diesel costs in four metro cities, marking the first price increase in four years. Traders are also monitoring the outcomes of the meeting between US President Donald Trump and Chinese President Xi Jinping. Asian markets declined. South Korea’s Kospi topped the 8,000 mark, but later erased gains. Japan’s Nikkei 225 and mainland China’s CSI 300 fell as well. Overnight, the Dow Jones Industrial Average and the S&P 500 settled higher, while the Nasdaq Composite gained. Brent crude’s May future contract was up. Gold and Silver futures were trading down. Several companies will release their fourth-quarter results.