<h1>Market volatility from geopolitical risk drives equity declines, offset partially by sector rotation and limited supply disruption worries.</h1> Geopolitical tensions after a surprise US strike on Iranian nuclear sites triggered sharp intra-day volatility in domestic equity markets: headline indices fell and recovered partially by close, with tech and industrial stocks among the laggards while capital goods, metal and defense-related names outperformed; rising crude prices elevated risk aversion, though limited near-term supply disruption concerns and prior foreign institutional buying helped restrain deeper losses.