Indian Shares Set for Flat Open Amid Mideast Tensions
Indian benchmark indices are expected to open little changed as renewed hostilities between the United States and Iran weigh on global market sentiment. Investors remain cautious as rising oil prices and persistent foreign outflows continue to pressure domestic growth and corporate margins.
India equity benchmarks are set for a flat opening on June 10 as escalating conflict between the United States and Iran weighs on global risk appetite. GIFT Nifty futures traded at 23,257 in the morning, suggesting the Nifty 50 will hover near its previous close of 23,242.1. Geopolitical instability and high crude prices remain the primary headwinds for Indian domestic growth and corporate margins.
### Geopolitical Friction Rattles Global Markets Renewed hostilities in the Middle East followed a statement from President Donald Trump claiming Tehran downed a U.S. Apache helicopter in the Strait of Hormuz. The U.S. responded with strikes against Iranian targets, ending a brief pause in regional conflict and dragging broader Asian markets down 1.3%.
