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India’s Broadening Stock Rally Challenged By US-Iran Strikes

India’s Broadening Stock Rally Challenged By US-Iran Strikes
Bloomberg Markets Wednesday 08 July 2026, 02:51 UTC By Ashutosh Joshi 1 min read
Key Points

India’s Broadening Stock Rally Challenged By US-Iran Strikes India’s rally in equities had been broadening, luring foreign flows This article is for subscribers only. I’m Ashutosh Joshi in Mumbai and the big macro news before Wednesday’s market open is that US forces have carried out a new round of offensive strikes against Iran. The action was intended to “impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” US...

India’s Broadening Stock Rally Challenged By US-Iran Strikes India’s rally in equities had been broadening, luring foreign flows This article is for subscribers only. Good morning... I’m Ashutosh Joshi in Mumbai and the big macro news before Wednesday’s market open is that US forces have carried out a new round of offensive strikes against Iran. The action was intended to “impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” US Central Command said in a statement on X. The US also revoked a waiver that allowed Iran to sell oil globally, a potential setback for Indian energy supplies, and a move that further imperils the potential for a peace agreement.
India (LOCATION) US (LOCATION) Broadening Stock Rally (ORG) Ashutosh Joshi (PERSON) Mumbai (LOCATION) Iran (LOCATION) US Central Command (ORG) X. The US (ORG) Indian (ORG)
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