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Indian shares dip as Middle East tensions dent sentiment

ReutersJun 17, 2025 6:45 AM

India's benchmark indexes Nifty 50 .NSEI and Sensex .BSESN lose about 0.3% each as rising Middle East tensions weigh on sentiment

Barring IT and realty, all the other 11 major sectors decline; the broader small-caps .NIFSMCP100 and midcaps .NIFMDCP100 drop 0.4% each

Crude oil futures LCOc1 rise as Israel-Iran conflict enters its fifth day, raising inflationary risks for oil importers like India MKTS/GLOB O/R

U.S. President Donald Trump calls for the evacuation of Tehran and asks the National Security Council to stay ready as he returns early from G-7 summit in Canada, heightening geopolitical concerns

Higher crude costs threaten to widen India's import bill and fuel price pressures

Bernstein analysts Venugopal Garre and Nikhil Arela note that imported inflation and Middle East conflict could reduce India's policy room to support growth and drag markets in the near term

Bucking the broader trend, Navin Fluorine NAFL.NS rises 3.3% after Jefferies sees strong earnings potential from new contracts

Zee Entertainment ZEE.NS jumps 3.5% on a $261 million shareholder investment

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