‼️ 🇮🇳 The Nifty fell for a second straight session on Thursday but held above 24,000, putting it on track for a third consecutive weekly loss. Meanwhile, the BSE Sensex briefly tumbled about 3% in a 20-minute closing auction, raising fresh concerns about thin liquidity and potential manipulation under the new auction-based closing-price mechanism covering more than 200 stocks.
‼️ 🇮🇷 Iran has tied reopening the Strait of Hormuz to ending regional conflicts, including a ceasefire in Gaza, Israel’s withdrawal from Lebanon, and an end to Israeli strikes in Syria, according to Supreme National Security Council Secretary Mohsen Rezaei. However, The Wall Street Journal reported that Trump is not interested in reviving the Iran deal framework agreed in June.
‼️ BREAKING: Venezuela has been discussing leaving OPEC with US officials, per Bloomberg. This comes amid reports that the US is negotiating a deal to take a large stake in Venezuelan oil fields.
‼️ 🧠 BREAKING: Kioxia and SanDisk plan to invest over ¥5 trillion ($31.4 billion) in Japan to expand production of a critical AI data-center component facing shortages.