GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.26% at 23,200 as of 6:50 a.m. US equity-index futures (S&P 500) are higher by 0.33%, while European futures (Euro Stoxx 50) are lower by 0.60%.

India Market Recap

Indian benchmark indices surrendered early gains and ended the session on a subdued note after a volatile day of trading. The NSE Nifty 50 slipped 0.12% to close at 23,214.95 after touching an intraday high of 23,425.35. The BSE Sensex managed to end marginally higher, gaining 0.09% to settle at 73,983.18. However, the index gave up more than 600 points from its intraday peak of 74,613.01, reflecting profit booking at higher levels. On the technical front, Nifty support is placed in the 23,000–23,100 range, while immediate resistance is seen around 23,400–23,500.

US Market Recap

US markets witnessed sharp selling pressure after President Donald Trump expressed frustration over the pace of negotiations with Iran and warned of potential further action. The Dow Jones Industrial Average declined 1.87% to close at 49,918.78, while the S&P 500 fell 1.62% to 7,266.99. The Nasdaq Composite dropped 1.98% to end at 25,169.50 as investors reduced exposure to risk assets amid escalating geopolitical concerns.

Asian Market Update

Asian markets opened lower on Thursday after reports of additional US strikes on Iran intensified concerns over a broader regional conflict. South Korea’s Kospi led losses in the region, falling 4.1% in early trade. Japan’s Nikkei 225 declined 2.3%, while Australia’s S&P/ASX 200 slipped 0.97%. Investor sentiment remained cautious as geopolitical tensions continued to weigh on global markets.

Commodity Check

Crude oil prices extended gains for a second consecutive session as tensions between the US and Iran escalated further. Reports suggesting that Tehran had restricted vessel movement through the Strait of Hormuz added to concerns about potential disruptions to global energy supplies. Brent crude rose more than 2% to trade above $95 per barrel, while West Texas Intermediate advanced toward $93 per barrel. Rising oil prices continued to fuel concerns over inflation and global economic growth.

Stocks In News