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Indian markets set for muted open as Middle East tensions spur caution
Indian markets set for muted open as Middle East tensions spur caution

Reuters

time11 hours ago

  • Business
  • Reuters

Indian markets set for muted open as Middle East tensions spur caution

June 20 (Reuters) - India's equity benchmarks are poised for a subdued start on Friday, in line with broader Asian markets, as escalating tensions between Israel and Iran continue to rattle global investor sentiment. The Gift Nifty futures were trading at 24,777.5, as of 7:46 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near the previous close of 24,793.25. Both the Nifty and Sensex (.BSESN), opens new tab indexes ended flat in the previous session, while the broader markets fell on risk-aversion mode. Asian peers (.MIAPJ0000PUS), opens new tab opened subdued on Friday after reports that Israel had bombed Iranian nuclear sites, triggering retaliatory missile and drone strikes from Iran. The White House said U.S. President Donald Trump would decide within two weeks whether the U.S. would back Israel militarily. Wall Street equities were closed on Thursday. "Investors are treading cautiously, with fears of U.S. involvement adding a fresh layer of uncertainty to an already volatile environment," said Vinod Nair, Head of Research at Geojit Financial Services. Domestic institutional investors (DII) remained net buyers of Indian stocks for the 23rd consecutive session on Thursday, with net inflows of 11.13 billion rupees ($128 million) in the previous session, cushioning volatile foreign flows and lending liquidity support to the markets. ** Mastek ( opens new tab launches a comprehensive suite of AI solutions aimed at driving enterprise-wide AI adoption ** Nestle India ( opens new tab says it will consider issuing bonus shares at a board meeting scheduled on June 26 ** ITD Cementation ( opens new tab secures contracts worth 9.6 billion rupees ** HDFC Bank's ( opens new tab unit HDB Financial Services sets a price band of 700-740 rupees per share for its initial public offering; issue to run from June 25-27 ($1 = 86.8130 Indian rupees)

American, United Airline Suspend Some Middle East Flights
American, United Airline Suspend Some Middle East Flights

Bloomberg

time21 hours ago

  • Business
  • Bloomberg

American, United Airline Suspend Some Middle East Flights

American Airlines Group Inc. suspended daily flights from the US to the capital of Qatar, while United Airlines Holdings Inc. paused service to Dubai because of military actions and heightened tensions in the Middle East. American acted after the US embassy in Qatar warned US citizens in the country and its own personnel to 'exercise increased vigilance.' It advised them to be aware of their surroundings, avoid demonstrations and large gatherings, exercise caution at locations publicly associated with the US and to 'keep a low profile,' according to an advisory posted on the US State Department website Thursday.

Israeli hospital hit in missile strike as Iran-Israel tensions surge
Israeli hospital hit in missile strike as Iran-Israel tensions surge

Al Arabiya

time21 hours ago

  • Politics
  • Al Arabiya

Israeli hospital hit in missile strike as Iran-Israel tensions surge

In this episode of W News, presented by Leigh-Ann Gerrans, we continue our coverage of the Iran-Israel war. Israel's defense minister has declared that Iran's supreme leader 'can no longer be allowed to exist,' following an Iranian missile strike on Thursday that hit an Israeli hospital – sharply escalating tensions in the week-old conflict. Guests: Riad Kahwaji – Al Arabiya's military expert Michael Semple – Professor at Queen's University, Belfast John Ghazvinian – Iran-US historian Mehrdad Khonsari – Director at Iranian Centre for Policy Studies

China evacuates 1,600 from Iran and hundreds from Israel, warns of border congestion
China evacuates 1,600 from Iran and hundreds from Israel, warns of border congestion

Reuters

timea day ago

  • Politics
  • Reuters

China evacuates 1,600 from Iran and hundreds from Israel, warns of border congestion

BEIJING, June 19 (Reuters) - China has evacuated more than 1,600 citizens from Iran and hundreds more from Israel, a Chinese foreign ministry spokesperson said on Thursday, as evacuees clog border crossings amid the intensifying conflict between the two countries. Evacuation efforts are continuing and China has maintained communication with Iran, Israel, Egypt and Oman, spokesperson Guo Jiakun told a regular press conference while calling for immediate measures to cool down tensions as soon as possible. China urges parties to the conflict, especially Israel, to immediately cease fire, Guo said. Israel struck a key Iranian nuclear site on Thursday and Iranian missiles hit an Israeli hospital, as the conflict showed no signs of a detente nearly a week after Israel first launched what it called "pre-emptive strikes" against Iran. The Chinese embassy in Iran renewed calls for citizens to leave the country via land routes, while also warning people about longer immigration processing time as congestion has formed at two border checkpoints - Astara heading into Azerbaijan and Bajgiran into Turkmenistan. Those border crossing points are 490km (304 miles) and 910km away from Tehran, respectively. Chinese people can also leave Iran via Turkey, Armenia and Iraq, the embassy advised. Earlier on Thursday, China's embassy in Israel said it will begin evacuating people in batches from Friday, taking those who want to leave to the Taba Border Crossing into Egypt via bus, about 360 km from Tel Aviv.

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