Markets are poised for a negative opening as Gift Nifty signals a significant drop, following the collapse of US-Iran peace talks and escalating rhetoric. Oil prices surged past $100 a barrel amid concerns over disrupted Iranian exports, while the dollar clim…
GIFT Nifty slides over 300 pts, signals gap-down start; here's today’s trading setup
Gift Nifty futures slid over 300 points, signaling a potential gap-down start in markets due to geopolitical tensions between the US and Iran disrupting oil supplies and increasing volatility. Traders and financial institutions relying on derivative markets for hedging or speculation are directly impacted. The surge in oil prices and currency fluctuations may also affect global supply chains and inflation forecasts.