BR100 Increased By (0.64%)
BR30 Increased By (0.68%)
KSE100 Increased By (0.54%)
KSE30 Increased By (0.62%)
AGHA 8.00 Increased By ▲ 0.03 (0.38%)
BECO 5.42 Increased By ▲ 0.01 (0.18%)
BML 65.61 Increased By ▲ 0.12 (0.18%)
BOP 36.10 Increased By ▲ 0.14 (0.39%)
CNERGY 9.69 Increased By ▲ 0.29 (3.09%)
CSIL 5.95 Increased By ▲ 0.01 (0.17%)
FCCL 55.88 Increased By ▲ 0.41 (0.74%)
FFL 17.58 Increased By ▲ 0.10 (0.57%)
FNEL 1.25 Increased By ▲ 0.01 (0.81%)
KEL 8.10 Increased By ▲ 0.16 (2.02%)
KOSM 6.13 Increased By ▲ 0.08 (1.32%)
LOTCHEM 31.46 Increased By ▲ 1.03 (3.38%)
MLCF 104.24 Increased By ▲ 1.47 (1.43%)
NBP 210.57 Increased By ▲ 0.90 (0.43%)
NCPL 60.16 Decreased By ▼ -0.14 (-0.23%)
NPL 68.49 Decreased By ▼ -0.36 (-0.52%)
OGDC 334.13 Increased By ▲ 0.58 (0.17%)
PACE 11.56 Decreased By ▼ -0.16 (-1.37%)
PAEL 45.03 Decreased By ▼ -0.04 (-0.09%)
PIBTL 17.97 Decreased By ▼ -0.05 (-0.28%)
PPL 236.55 Increased By ▲ 0.93 (0.39%)
PRL 42.07 Increased By ▲ 0.22 (0.53%)
PTC 70.99 Increased By ▲ 0.15 (0.21%)
SSGC 30.83 Decreased By ▼ -0.24 (-0.77%)
TBL 10.56 Decreased By ▼ -0.03 (-0.28%)
TELE 9.17 Increased By ▲ 0.17 (1.89%)
TPL 17.47 Decreased By ▼ -0.18 (-1.02%)
TPLP 12.62 Decreased By ▼ -0.05 (-0.39%)
TREET 24.73 Decreased By ▼ -0.07 (-0.28%)
TRG 65.58 Increased By ▲ 0.41 (0.63%)
Markets

Indian shares set to open lower after Trump ramps up Iran threat

  • GIFT Nifty futures were trading at 22,359
Published Updated
Photo: Reuters
Photo: Reuters
By

India’s equity benchmarks are poised to open lower on Thursday, tracking weakness across broader Asian peers, after US President Donald ​Trump stopped short of outlining a roadmap to end ‌the Iran war.

GIFT Nifty futures were trading at 22,359, as of 7:41 a.m. IST, indicating that the benchmark Nifty 50 will open below Wednesday’s close ​of 22,679.40 points.

Other Asian markets dropped 1.2% after Trump said ​Washington’s “core strategic objectives” in the Iran war were nearing completion.

⁠However, he did not provide a clear outlook on when ​the conflict would end.

Trump’s comments that the U.S. will strike Iran “extremely ​hard” over the next two to three weeks also intensified near-term geopolitical anxiety and drove crude oil prices higher.

Brent crude climbed 4% to about $105 per ​barrel.

Foreign portfolio investors (FPI) offloaded shares worth 83.31 billion rupees ($893.83 million) on ​Wednesday, while domestic institutional investors (DII) bought stocks worth 71.72 billion rupees, according to ‌NSE’s ⁠provisional data.

In the previous session, the Nifty 50 and Sensex indexes gained about 1.6% each, in line with a global rally sparked by expectations of a de-escalation in the Iran war.

Comments

200 characters remaining