GIFT Nifty Crashes 500 Points After Trump’s Iran Threat
Oil prices surge as global tensions rise, markets react sharply
- GIFT Nifty drops over 500 points to 22,318
- Donald Trump warns of intensified strikes on Iran
- Brent crude jumps above $105 per barrel
- Market volatility rises amid geopolitical tensions
GG News Bureau
New Delhi, 2nd April: The GIFT Nifty, a key early indicator of the Nifty 50’s performance, plunged over 500 points to 22,318 on Wednesday following heightened geopolitical tensions after remarks by Donald Trump on potential escalation of military action against Iran.
Trump warned that the United States could intensify strikes over the next two to three weeks if Iran fails to agree to terms, adding that key infrastructure, including electric plants, could be targeted.
The remarks triggered sharp reactions in global markets, with investors turning cautious amid fears of a wider conflict in West Asia.
Crude oil prices surged in response to the escalating tensions. Brent crude climbed more than 5% to trade above $105 per barrel, while US West Texas Intermediate (WTI) rose up to 3.2% to $103.27 per barrel.
The rebound came after both benchmarks had earlier declined during the session, reflecting heightened volatility in energy markets.
Rising oil prices and geopolitical uncertainty are expected to weigh on global equities, including Indian markets, as investors assess the potential economic impact of prolonged conflict.
Market participants are closely tracking developments in the region, with concerns that further escalation could disrupt supply chains, fuel inflation, and impact economic stability.
