Indian shares drop as global bond yields jump on Iran uncertainty - Reuters

<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxOc2FBR1hTVGw3dDVCVld5YXhPNnM0YlNHZE1WOEpfSEdubU9zV1JyZF9RaTF4TGtsQjBPeFNQWTNFcWJhdEFVRWtJZ3NYdF9oamN3UFNJUUxfUkIwam9ReGZvUkFCeERzcS12Y1B3M2VlQkNUN283dTZuX1VYZHd6bnMwelhHV09XYW1Db3NRcHJUSFRsRHVoU0RuSnZfZDdHcFJsLUtWdlJCNUU?oc=5" target="_blank">Indian shares drop as global bond yields jump on Iran uncertainty</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Indian shares opened lower and the rupee slid to a record low as oil prices jumped after a drone attack on a UAE nuclear power plant intensified Middle East tensions. U.S. President Donald Trump warned that 'the clock is ticking' for Iran, further dampening market sentiment.

A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks will need to keep tightening policy. U.S. Treasury yields rose to their highest in almost three years on investor fears over accelerating inflation.

Indian shares are expected to open lower, tracking broader Asian markets, amid elevated bond yields, rising oil prices, and renewed U.S. threats against Iran. GIFT Nifty futures were at 23,417, indicating that benchmark Nifty 50 will open below 23,618, the closing level on Tuesday.

The Indian rupee fell to a fresh low of 96.36 against the US dollar as fears of a wider conflict in West Asia rattled global markets and pushed crude oil prices higher. The domestic currency has now weakened 7.2% in calendar year 2026, making it Asia’s worst-performing currency.

Indian bonds opened five basis points lower after tracking the spike in its US counterpart, and as Brent crude prices breached $110 per barrel, following fresh geopolitical concerns between the United States and Iran. The benchmark 10-year bond yield was trading at 7.1176 percent, as compared to 7.0644 percent on Friday.