Ground report: Iran launches 35 missiles at Israel, roads deserted in Tel Aviv
5:24
As the Israel-Iran conflict escalates, India Today's Shivani Sharma spoke to residents in Tel Aviv about how the attacks have affected their lives.
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Time of India
an hour ago
- Time of India
Trump Step Back on Iran Pacifies Nervous Market
India's equity indices rebounded 1.3% on Friday, recouping losses made in the last three sessions on a relief rally sparked by US President Donald Trump putting on hold a plan that may have led to American involvement in the Israel-Iran conflict. The rebound helped the Sensex and Nifty erase all recent losses and notch up gains for the week. The Nifty closed above a key level at 25,112, up 1.3% or 319 points over Thursday's close. The BSE Sensex closed at 82,408, up 1.3% or 1,046 points. Both indices, which fell about 0.6% over the past three trading sessions, gained 1.6% for the week. 'In the past two to three days, there hasn't been any significant escalation in the Iran-Israel conflict that could choke global trade,' said Siddarth Bhamre, head of institutional research at Asit C Mehta Intermediates. 'Receding concerns prompted some buying interest in the markets.' Elsewhere in Asia, South Korea gained 1.5% while Hong Kong and Taiwan rose 1.3% and 0.2%, respectively. Japan ended 0.2% lower after the country's core inflation hit a two-year high, boosting the chance of interest rate increases. China declined 0.1%. Trump said he will decide on US participation in the Iran-Israel conflict in two weeks. This was seen as the US President taking a step back from recent remarks that indicated the US was likely to take military action against Iran. It came as a relief to markets that were nervous about the likelihood of a wider conflict. Back home, the Volatility Index ( VIX )—the market's fear gauge—fell 4.1% to 13.67 on Friday, indicating traders expect lower risks in the near term. All sectoral indices closed higher on Friday. The Nifty Realty gained 2.1%, and the PSU Bank Index rose 1.6%. The Bank Nifty moved 1.2% higher while private bank, auto and metal indices advanced over 1% each. 'Given that the benchmark was closing lower in the past three sessions and the fall in the broader market yesterday, a rebound was likely, which pushed the market higher,' said Vikas Jain, head of research at Reliance Securities. The benchmark Nifty is holding at the support level of 24,700 and is expected to test 25,200 in the next few weeks. The Nifty Mid-cap 150 and the Small-cap 250 indices rose 1.3% and 0.6%, respectively. In the past week, the mid-cap index shed 0.7% while the small-cap index fell 1.7%. Of the 4,094 shares traded on the BSE, 2,463 advanced, while 1,484 declined. Foreign portfolio investors (FPIs) bought shares worth a net Rs 7,941 crore on Friday. This included purchases by global passive funds on account of FTSE rebalancing and a Sensex rejig. Their domestic counterparts sold shares worth Rs 3,050 crore. In June, overseas investors bought shares worth Rs 7,060 crore. 'The markets have not delivered any meaningful gains so far this year, so index-based returns are expected to be sluggish. However, it is seen to be a stock-pickers market,' said Bhamre of Asit C Mehta. 'Investors should be wary of buying, and not chase stock at any value.' Bhamre said timewise consolidations are expected to continue, with bouts of buying and selling activity and Nifty is facing a hurdle at 25,100-25,200 levels. Even if it crosses this threshold, a big surge is not likely as gains might come off amid ongoing geopolitical tensions.
Mint
an hour ago
- Mint
Operation Sindhu: 290 Indians land in Delhi after Iran eases airspace, chant ‘Bharat Mata Ki Jai', thank govt
As many as 290 Indian evacuees from Iran landed in New Delhi after Tehran eased airspace amid an ongoing conflict with Israel. As 290 Indians landed at Delhi airport under Operation Sindhu, visibly relieved passengers broke into chants of 'Bharat Mata ki Jai' and 'Hindustan Zindabad'. Operation Sindhu is India's mission to evacuate citizens amid the escalating Israel-Iran conflict. Emotional returnees, including students and religious pilgrims, expressed heartfelt gratitude to the Indian government for ensuring their safe return amid the escalating Israel-Iran conflict. Tazkiya Fatima, a resident of Noida, recounted the tense situation in Iran and praised the coordination between Indian authorities. 'There is a situation of war over there. We were not sure how we would make it out of there, but the Government of India made the whole process very smooth. I am very thankful to the Indian government. I am a resident of Noida,' she said. Eliya Batool, another evacuee, described the emotional relief of returning home. She said, "... I am unable to express what I am feeling right now. My family was very worried. In Iran, we were at ease, we were provided with a 5-star hotel and safety was provided to us. But after coming here, we feel at ease. Thank you so much, Indian government. We did not face any issue there because our Embassy made everything easy for us..." Maulana Mohammad Saeed Saeed praised the safe evacuation of the Indians and said, 'We are happy and grateful that we have been able to return home safe and sound. The situation in Iran is no good and we all know. Indian Embassy and our Ambassador made the evacuation process very smooth and safe…' Mir Mohammad Musharraf, from Jammu and Kashmir's Pulwama, also praised the efforts of the Indian government, saying, "I am from Pulwama, Kashmir... Operation Sindhu is amazing and really helpful. The services were very good. We contacted our embassy. We were stuck in Tehran, unaware of what to do. Our landlords also left and were left behind. It was only our embassy that helped us reach here. Thank you so much, Indian government." After Iran eased airspace, the special flight carrying 290 Indians – mostly students – landed at Delhi's Indira Gandhi International Airport late Friday night. The flight arrived at 11:30 PM IST and was received by Secretary (CPV & OIA) Arun Kumar Chatterjee. Iran shut its airspace until further notice after Israel carried out air strikes on multiple targets across the country, including the capital, Tehran, on 13 June.
Economic Times
an hour ago
- Economic Times
‘Only America can help Iran': Trump reveals why Tehran has 2 weeks before possible US strike
US President Donald Trump spoke to reporters at the Morristown, NJ, airport about several issues, including the potential for US involvement in the Iran-Israel conflict, the Ukraine-Russia conflict, and his administration's deportation policy. Show more 03:31 11:49 04:13 09:10 10:24 02:58 03:41 01:16 10:45 03:16 01:28 04:12 03:29 03:27 01:56 09:11 08:37 13:00 10:50 03:24 09:53 11:26 01:37 08:42 01:16 08:29 08:44 01:46 08:43 07:22 04:22 05:03 15:41 03:55
