Indian equity markets closed higher, driven by gains in PSU bank, auto, and financial stocks, following the US Supreme Court's decision on tariffs. Sensex climbed 479.95 points to 83,294.66, and Nifty advanced 141.75 points to 25,713.
Tensions escalate at the UN Security Council as the US and Israel defend their military actions against Iran, while Iran condemns the strikes as war crimes, raising fears of a wider Middle East conflict.
Guterres emphasised that global structures and institutions must reflect the complexity and the opportunity of the "new times and realities"
'America has historically been a magnet for people who aren't from here.' 'That sort of thing -- the promise of opportunity, no matter what that looks like -- doesn't grow on trees.' 'It also happens to be geopolitical gold that Trump is flushing down the toilet,' points out Sree Sreenivasan.
According to sources, the Indian Navy warships are on standby to provide assistance or help required by merchant vessels.
Iran's state media cited the spokesperson for the Central Headquarters of Iran's military to claim that a United States military refuelling plane was shot down by a missile fired by resistance groups in western Iraq. The spokesperson further told Press TV that all six service members on board had been killed.
Since May 10, when Trump announced on social media that India and Pakistan had agreed to a "full and immediate" ceasefire after a "long night" of talks mediated by Washington, he has repeated his claim over 60 times that he "helped settle" the tensions between the two neighbours.
The deal shifts the US posture towards India from hostile to neutral, and that matters for growth, points out T T Ram Mohan.
Analysts predict continued volatility in Indian equity markets due to domestic macroeconomic data, F&O expiry, global developments including US tariff policies, and geopolitical tensions.
According to the report, the Pentagon is deploying the USS Tripoli ARG, along with the 31st Marine Expeditionary Unit (MEU), part of its own strike group.
'The contours of the trade deal need to be reworked now.'
The UN Security Council, with India's support, has adopted a resolution condemning Iran's attacks on Gulf Cooperation Council countries and Jordan, demanding an immediate cessation of hostilities and denouncing threats to the Strait of Hormuz.
US Energy Secretary Chris Wright said that long-term oil supplies are 'abundant' and there are no worries regarding that, but in the short term, there is a need to get oil on the market.
The new US national security strategy signals a retreat from global dominance while reaffirming continuity in India's role in Indo-Pacific security and Quad cooperation, points out former foreign secretary Shyam Saran.
Congress leader Shashi Tharoor is urging the Indian government to take a more proactive role in mediating the escalating conflict between the US-Israel alliance and Iran, emphasising the impact on India's energy security and regional stability.
Indian exports to the US will face a 10% tariff, down from 25%, for 150 days following a US Supreme Court ruling. However, uncertainty persists due to potential further tariff hikes and long-term implications.
Since May 10, when Trump announced on social media that India and Pakistan had agreed to a "full and immediate" ceasefire after a "long night" of talks mediated by Washington, he has repeated his claim over 70 times that he ended the conflict between India and Pakistan.
The IRGC said five missiles were launched at 'the headquarters of the US Army at the Harir Air Base in Erbil, located in Iraq's Kurdistan Region'.
Iran is set to witness more brutality as the administration has decided to execute its first protester on Wednesday amid mass arrests of anti-regime protesters, New York Post reported, citing human rights groups.
The UAE consulate in Erbil, located in Iraq's Kurdish region, suffered structural damage in the aerial attack. Officials said there were no casualties.
The Indian Embassy in Riyadh has confirmed that an Indian national was injured but no fatalities occurred in a projectile incident in Saudi Arabia. The injured individual is receiving treatment at a government hospital.
Iran launched retaliatory military strikes targeting Israel and American military bases across the region, including in Qatar, the United Arab Emirates, Kuwait, Bahrain and Jordan.
Fathali further stated that Tehran has instructed its embassy in India to facilitate the Indian government, ensuring smooth operations amid the ongoing regional conflict.
The Indian embassy in Saudi Arabia has confirmed that one Indian national was injured in a projectile incident in Al Kharj, while clarifying that there were no Indian fatalities. The embassy is providing assistance and is in contact with Saudi authorities.
'Trump had done a deal with the current regime minus Maduro. The current regime is giving Trump entry into Venezuelan oil. They are obeying him and doing whatever he says.' 'They are happy because they have saved their heads by sacrificing only two, Maduro and his wife. Thousands of Venezuelan military leaders would have been jailed or killed in American action had Maduro stayed in power.'
Iranian Supreme Leader Ayatollah Ali Khamenei has been killed in a US-Israeli attack, sparking celebrations in Iran and raising questions about the future of the regime.
An Indian national was killed in Saudi Arabia after a projectile struck a residential area in Al-Kharj Governorate. The incident also resulted in the death of a Bangladeshi national and injuries to twelve others.
Finance Minister Nirmala Sitharaman stated that it is premature to comment on the tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the situation.
Benchmark indices tumbled about 2 per cent on Friday, capping one of the most turbulent weeks for domestic equities as investors fretted that the West Asian conflict could drag on for weeks or even months.
Despite the escalation in US military action, the War Secretary noted that Iran's missile response has declined in the last 24 hours.
Indian stock market benchmarks Sensex and Nifty rebounded strongly after a two-day decline, driven by falling crude oil prices and positive global cues amid hopes of de-escalation in the Middle East.
'I suspect that Bangladesh being given permission stuck in India's official craw, and this story was an attempt to balance the scales by giving the impression that a similar waiver had been given to India as well.'
China has denied reports of finalising a deal with Iran to sell CM-302 supersonic anti-ship missiles, amidst rising tensions in the Middle East and joint US-Israeli airstrikes.
The United States Department of Justice released a batch of documents related to Jeffrey Epstein's sex trafficking investigation, including photos and records showing Bill Clinton, Ghislaine Maxwell, and Michael Jackson in social settings with Epstein, CNN reported.
Israeli Prime Minister Benjamin Netanyahu announced a joint operation with the US against Iran, citing the threat posed by its nuclear ambitions and support for terrorism.
Prime Minister Narendra Modi will chair a meeting of the Cabinet Committee of Security (CCS) in Delhi to discuss the global situation following the attack on Iran and the killing of Iranian Supreme Leader Ayatollah Ali Khamenei.
Trump indicated that he could instead work with Maduro's vice president, Delcy Rodriguez, saying "she's essentially willing to do what we think is necessary to make Venezuela great again."
'To suddenly give the impression of taking a position that is hostile to Iran, or, at least, not friendly to Iran, is not a good thing.'
The government has introduced a mandatory 25-day gap between LPG cylinder bookings due to supply concerns arising from global disruptions and tensions in the Strait of Hormuz. This measure aims to prevent hoarding and prioritise essential non-domestic sectors, while domestic LPG production is being increased to mitigate shortages.
Equity benchmark indices Sensex and Nifty experienced a significant decline, primarily driven by a selloff in IT stocks due to concerns about AI disruption and renewed worries over global trade.
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