GIFT Nifty jumped about 110 points on renewed Iran US peace talk hopes, lifting market sentiment after recent weakness. Traders are now watching whether positive global cues can help Nifty 50 reclaim 24,000 on Monday, despite ongoing pressure from IT-led selling that has contributed to the pullback.
Gulf states are stuck between war and peace as the Strait of Hormuz blockade slashes energy exports and forces costly infrastructure repairs. Stalled US-Iran talks are putting economic recovery and diversification plans at risk, while analysts say the region struggles to shape Washington’s decisions. Reports of unpaid leave and salary cuts add pressure as about half of Gulf countries forecast contraction.
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