Indian shares are likely to open on a cautious note on Thursday as concerns mounted about a re-escalation of the Middle East conflict and a stronger U.S. inflation print reinforced expectations that borrowing costs would remain higher for longer.
Amid shifting rate hike expectations, traders began pricing in a potential Federal Reserve rate hike as early as October.
After the U.S. military launched a new wave of strikes on multiple targets in Iran, Iranian state media reported that the Strait of Hormuz, a critical global energy shipping route, was "completely closed to all type of vessel."
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Market Analysis
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.