Global markets are grappling with renewed uncertainty as tensions between the United States and Iran escalate, reigniting fears of a potential disruption to global crude oil supplies.
The geopolitical standoff has sent shockwaves through energy markets, pushing oil prices higher and exacerbating a broader sell-off in equities across Asia and Europe.
The Gift Nifty, the pre-market gauge for the Nifty 50, is trading at a premium of nearly 78 points from the previous close, hovering around the 23,990 level.
In India, the sentiment is mixed but cautious.
The Gift Nifty, the pre-market gauge for the Nifty 50, is trading at a premium of nearly 78 points from the previous close, hovering around the 23,990 level.
This suggests a potential short-covering rally on Thursday, offering a counterpoint to the sharp selloff witnessed in the previous session.
However, the underlying risk remains elevated as investors weigh the immediate technical bounce against the broader macroeconomic headwinds.