Indian shares reversed steep early losses to end modestly higher on Thursday.
Domestic markets staged a gap-down opening, with benchmark indexes Sensex and Nifty declining around 2 percent in early trade, as U.S. President Donald Trump's address to the nation on the war in the Middle East damped hopes for a swift resolution to the conflict.
The dollar and bond yields surged, and oil prices jumped more than 7 percent after Trump said the U.S. military goals were "nearing completion," and that Iran would be hit "extremely hard over the next two to three weeks," raising the risk of more extensive damage to energy infrastructure throughout the Gulf.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.