GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions

May 18, 2026

GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, volatile crude prices, rupee weakness, and uncertainty surrounding West Asia negotiations.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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