India's Nifty 50 and Sensex fall 0.3% as Middle East tensions, rising crude prices weigh; small/midcaps drop 0.4% each.

• Crude oil futures rise as Israel-Iran conflict enters fifth day, increasing India's import bill and inflation risks.
• Bernstein analysts warn that imported inflation and Middle East conflict could limit India's policy support and drag markets.
• Navin Fluorine rises 3.3% on Jefferies' positive outlook; Zee Entertainment jumps 3.5% from shareholder $261M investment.