Sensex and Nifty are set for a weak opening as Gift Nifty signals caution amid an Asia market sell-off, elevated crude oil prices and rising West Asia tensions.

Gift Nifty signals a 200-point gap-down opening for Nifty as US-Iran tensions lift crude oil prices, while Q1 earnings and FII flows remain in focus.

Nifty is set for a gap-down opening as US-Iran tensions, Brent crude above $85, FPI selling and mixed global cues weigh on market sentiment.