The Indian stock market is poised for a weak opening on Thursday, with the GIFT Nifty indicating a decline of 73.50 points to 24,182.50. This follows a day of mixed trading influenced by strong global cues but constrained by escalating crude oil prices, which have surged to $114 per barrel. The rupee has also fallen to record lows, exacerbated by ongoing geopolitical tensions and stalled negotiations regarding the U.S.-Iran conflict. Political developments from the state elections, particularly in West Bengal and Assam, are expected to sway investor sentiment, with exit polls suggesting a slight edge for the Bharatiya Janata Party (BJP). Foreign portfolio investors have net sold shares worth ₹2,468 crore, while domestic institutional investors (DIIs) were net buyers at ₹2,262 crore. The market is likely to remain volatile, especially with the BSE monthly expiry approaching and final election results due next week.