Archive · 24 Jul 2026
GIFT Nifty Weakens Amid Iran-US Tensions, Higher Oil Prices
The GIFT Nifty, which predicts how the Indian stock market will open, is showing a weak start today.
It is trading 95 points lower because of worries about a war between Iran and the US and higher oil prices.
This makes people nervous about investing.
The Indian rupee is also getting weaker, which adds to the worry.
Experts think the market will stay cautious until these issues are resolved.
They are also watching how Infosys, a big Indian company, does in its latest earnings report.
GIFT Nifty trades at 23,866.5, down 95 points or 0.40%, indicating a weak opening for NSE Nifty.
Rising geopolitical tensions in the Middle East and higher crude oil prices are dampening global risk sentiment.
Brent crude is above $95 per barrel, and WTI crude is near $88 per barrel, raising inflation fears.
The Indian rupee is under pressure, slipping towards Rs 96.5 per US dollar.
Infosys' June quarter earnings will be closely watched for cues on demand trends and IT sector outlook.
- Who
- Indian benchmark indices, investors, Ponmudi R (CEO of Enrich Money)
- What
- GIFT Nifty trades 95 points lower amid Iran-US war and higher crude oil prices
- When
- July 23, 2026
- Where
- India
- Why
- Rising geopolitical tensions in the Middle East and a sharp spike in crude oil prices
Market Optimists
Market Pessimists
Market Outlook
Market Optimists
Optimists believe the market will recover as geopolitical tensions ease and oil prices stabilize.
Market Pessimists
Pessimists argue that rising oil prices and persistent geopolitical risks will continue to weigh on market sentiment.
- GIFT Nifty Current Value
- 23,866.5
- GIFT Nifty Change
- Down 95 points or 0.40%
- Brent Crude Price
- Above $95 per barrel
- WTI Crude Price
- Towards $88 per barrel
- Rupee Value
- Rs 96.5 per US dollar
- Nifty 50 Support Level
- 23,900-23,800
- Nifty 50 Resistance Level
- 24,200
- Infosys Revenue Expectation
- $5,127 million
