At around 7:16 pm, GIFT Nifty was trading at 23,527, down 1.15% or 273 points, slipping below the 23,600 mark.
If confirmed, the strikes would mark the first instance of upstream oil and gas facilities in Iran being targeted in the ongoing conflict. Oil prices moved higher after Tehran reported attacks on key energy assets.
Iran’s state television also issued fresh threats, warning of potential strikes on oil and gas infrastructure in Qatar, Saudi Arabia and the United Arab Emirates. Specific sites mentioned included Saudi Arabia’s Samref refinery and Jubail petrochemical complex, as well as facilities in Qatar and the UAE, including the Al Hasan gas field.
The warnings came hours before foreign ministers from the region were scheduled to meet in Saudi Arabia’s capital to discuss the conflict.
Earlier in the day, Iran said Phases 3, 4, 5 and 6 of the South Pars gas field were hit, forcing a shutdown to contain a fire. Firefighters were deployed, with no immediate reports of casualties.
Separately, the Indian rupee extended losses, closing at a record low of 92.63 per dollar, breaching its previous trough of 92.4750. The currency has weakened over 1.5% since the conflict began, amid nearly $8 billion (about ₹66,000 crore) in foreign portfolio outflows from equities.
The 30-share BSE Sensex jumped 633.29 points or 0.83% to settle at 76,704.13. During the day, it soared 929.38 points or 1.22% to 77,000.22. The 50-share NSE Nifty surged 196.65 points or 0.83% to end at 23,777.80.
Brent crude has surged about 40% since the escalation, raising concerns over India’s current account deficit and inflation trajectory. With over 80% of its energy requirements met through imports, India remains particularly vulnerable to sustained oil price shocks. The conflict also risks impacting remittances from the region and export demand.
