English
English
English
Representational Image
New Delhi: Donald Trump has issued a stark warning to Iran, saying the country has just 48 hours to meet US demands-including reopening the vital Strait of Hormuz-or face severe consequences.
The warning comes ahead of the April 6 deadline set by the US president for a potential peace agreement. Trump cautioned that failure by Tehran to comply could trigger a major escalation.
In a post on his social media platform Truth Social, Trump wrote that the window for Iran to act is rapidly closing.
“Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT. Time is running out-48 hours before all Hell will reign down on them. Glory be to GOD!” he posted.
US rescue mission in Iran escalates tensions; Tehran claims downing of C-130 aircraft
The market valuation of Bharti Airtel eroded by Rs 29,993.07 crore to Rs 10,20,420.26 crore.
ICICI Bank's valuation tanked by Rs 12,845.81 crore to Rs 8,70,705.49 crore.
Bajaj Finance lost Rs 11,169.36 crore from its market valuation, which stood at Rs 5,14,226.12 crore.
The market capitalisation (mcap) of HDFC Bank dropped by Rs 7,822.79 crore to Rs 11,56,195.90 crore, and that of Hindustan Unilever's mcap declined by Rs 2,349.59 crore to Rs 4,85,190.60 crore.
State Bank of India's market capitalisation diminished by Rs 553.84 crore to Rs 9,41,015.31 crore.
In sharp contrast, the market valuation of Tata Consultancy Services (TCS) surged by Rs 22,359.78 crore to Rs 8,87,028.43 crore.
The mcap of Infosys soared by Rs 12,374.76 crore to Rs 5,27,409.43 crore, and that of Larsen & Toubro added Rs 6,575.43 crore to Rs 4,97,111.62 crore.
The market valuation of Reliance Industries gained Rs 3,518.45 crore to Rs 18,28,034.07 crore.
Asian markets remained weak following Trump's statements, recording declines of up to 3 percent. In India, the Nifty 50 fell by more than 2 percent, hitting a low of 22,182.55 during intraday trading. The Sensex also dropped by over 2 percent, reaching a low of 71,545.81.
According to Ravi Singh, Chief Research Officer at Master Capital Services, the sustained weakness in Indian equities is being driven by “a confluence of global and domestic headwinds, including escalating geopolitical tensions, rising crude oil prices, and persistent FII selling."
While stock markets were closed, crypto markets stayed open because crypto trades 24/7, as noted by Cryptopotato. Bitcoin stayed mostly calm despite the warning and traded around $67,000. Bitcoin briefly moved up to around $67,600, but the rise was small and stopped quickly.
Bieng updated...
