Escalating Israel-Iran tensions sent Indian markets reeling, with the Sensex and Nifty 50 plummeting. Bucking the trend, shipping stocks soared on rising crude prices and container rate expectations. Jubilant Ingrevia rallied after a significant block deal, while defense stocks gained amid conflict concerns. Realty shares and Jubilant Foodworks also saw increases due to sector activity and stake offloading, respectively.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate