Indian shares opened lower on Thursday, tracking weak cues from global markets amid concerns over rising U.S.-Iran tensions and potential Federal Reserve rate hikes later this year.
The benchmark BSE Sensex dropped 304 points, or 0.4 percent, to 73,678 in early trade while the broader NSE Nifty index was down 110 points, or half a percent, at 23,106.
State-run oil marketing companies BPCL, HPCL and IOC fell 1-2 percent as Brent crude futures rose toward $95 a barrel amid fresh tensions in West Asia, with Iran announcing it will keep the Strait of Hormuz "closed to all vessels."
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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.