Sensex today | Stock Market Live Updates: Markets may open lower on fresh West Asia escalation, US inflation

The United States launched new strikes against multiple targets in Iran, the US military said on Wednesday, as President Donald Trump vowed even more attacks if no peace deal is secured.

The escalation pushed Brent crude futures up 1.1 per cent to $94 per barrel, while Asian stocks dropped 0.4 per cent.

GIFT Nifty futures were trading at 23,069 as of 7:43 a.m. IST, indicating that the benchmark Nifty 50 would open below Wednesday’s close of 23,214.95.

The Iran war, now in its fourth month, has raised energy prices and triggered concerns over its impact on growth and inflation in India, the world’s third-largest oil importer. Data released overnight showed that US consumer inflation increased at its fastest pace in three years in May, boosted by surging energy prices amid the West Asia conflict, giving the Federal Reserve more ammunition to keep interest rates unchanged into 2027.

Higher interest rates in the US tend to make emerging market equities less attractive for foreign portfolio investors (FPIs).

FPIs sold Indian shares worth ₹2,125 crore ($223.06 million) on Wednesday, marking a ninth straight session of outflows. They have offloaded a record $30.4 billion worth of shares in India so far this year.

The Sensex traded 456.47 points or 0.62 per cent lower at 73,526.71 at 9:17 a.m. after opening at 73,615.99 from the previous close of 73,983.18, while the Nifty 50 fell 127.55 points or 0.55 per cent to 23,087.40.

Gold prices fluctuate as US strikes on Iran escalate tensions, impacting global markets and inflation amid volatile trading conditions.

Time Technoplast has executed a Share Purchase Agreement (SPA) with Systoverse Private Ltd (SPL), a company incorporated in Maharashtra, India, to record the terms of the investment, including the terms on which the company shall acquire equity shares equivalent to 76 per cent of the total paid-up share capital of Systoverse Private Ltd on a net asset basis. The remaining 24 per cent stake will continue to be held by the existing shareholders of SPL.

Adani Airport City Ltd (AACL), a wholly owned step-down subsidiary of Adani Enterprises, has completed the acquisition of 100 per cent of the equity share capital of Portus Ventures Private Ltd (PVPL).

“Nifty is expected to open lower around 23,050, down nearly 150 points, indicating a cautious start amid mixed global cues.

The index is now trading near a crucial support zone, making today’s session important from a technical standpoint. 23,000–23,100 remains a key support range, and a sustained break below this zone could trigger further selling pressure and weaken the short-term structure.