Indian Shares Open Lower As Global Bond Yields Jump On US-Iran Tensions
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Indian shares opened lower amid ongoing U.S.-Iran tensions, with the BSE Sensex down 398 points at 74,894 and the NSE Nifty down 118 points at 23,498. The rupee hit a record low of 96.88 against the dollar, raising concerns over inflation and fiscal deficit. Notable declines included Zee Entertainment, down 6% after a net loss, and Bharat Electronics, down 3.4%. In contrast, Hindalco Industries rose 3.4% following improved results from its subsidiary, while Mankind Pharma surged 2.2% on better-than-expected earnings.
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