GIFT Nifty drops 430 points after Donald Trump's Iran announcement
Business
Indian markets woke up to a rough Thursday as GIFT Nifty dropped 430 points to 22,411 by early morning.
The sudden fall came right after US President Donald Trump announced imminent and intense military moves against Iran, which also sent oil prices jumping over 4% to nearly $105 a barrel.
Sensex surge reversed after Trump warning
Just a day earlier, markets were riding high: Sensex had surged over 1,100 points on hopes of peace in West Asia.
But Trump's warning about action against Iran quickly flipped the mood, sparking worries about fresh tensions and shaking up global markets as the new fiscal year kicks off.