Gift Nifty signals a muted open as Sensex sheds 893.39 points and Nifty 50 slips to 23,824.10
US–Iran peace talks showed further progress, with President Donald Trump saying Iran’s unfrozen assets would stay under US oversight and be limited to purchases of US food and medical supplies, and tanker traffic through the Strait of Hormuz resuming. Brent crude fell 0.99% to $76.32 a barrel and WTI slid 1.05% to $72.44. The article also notes a broad selloff in US tech stocks and highlights technical support levels for Indian benchmarks, but says these factors do not serve as independent catalysts for the listed stocks.