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The Economic Times
The Economic Times
Business
Veer Sharma

Gift Nifty tumbles nearly 2% after US-Iran exchange strikes in latest escalation

Gift Nifty 50 index futures tumbled 1.7% to 23,580, suggesting a gap-down start when trading resumes on Friday, after fresh U.S. strikes on an Iranian military site overnight heightened geopolitical tensions, even as Washington and Tehran continued talks aimed at ending their three-month conflict.

In response, Iran’s Revolutionary Guards said that they struck a US airbase at around 4:50 a.m. local time, according to the country’s semi-official Tasnim news agency, though the IRGC did not disclose the location of the base.

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