---
title: "Indian Shares Open Lower As Global Bond Yields Jump On US-Iran Tensions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287008406.md"
description: "Indian shares opened lower amid ongoing U.S.-Iran tensions, with the BSE Sensex down 398 points at 74,894 and the NSE Nifty down 118 points at 23,498. The rupee hit a record low of 96.88 against the dollar, raising concerns over inflation and fiscal deficit. Notable declines included Zee Entertainment, down 6% after a net loss, and Bharat Electronics, down 3.4%. In contrast, Hindalco Industries rose 3.4% following improved results from its subsidiary, while Mankind Pharma surged 2.2% on better-than-expected earnings."
datetime: "2026-05-20T05:10:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287008406.md)
  - [en](https://longbridge.com/en/news/287008406.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287008406.md)
---

# Indian Shares Open Lower As Global Bond Yields Jump On US-Iran Tensions

(RTTNews) - Indian shares opened lower on Wednesday due to ongoing concerns surrounding the U.S.-Iran conflict, which has now entered its 12th week and effectively kept the strategic Strait of Hormuz closed to shipping traffic.

The benchmark BSE Sensex was down 398 points, or half a percent, at 74,894 on concerns about rising crude oil prices and a weakening rupee.

The broader NSE Nifty index dropped by 118 points, or half a percent, to 23,498, while the rupee hit a new record low of 96.88 against the dollar in early trade today on concerns over India's rising import bill, potential inflation and the fiscal deficit.

Lenskart Solutions, Grasim Industries, Apollo Hospitals Enterprise and Metro Brands were down between half a percent and 1.5 percent ahead of their fourth-quarter earnings results due today.

Bharat Electronics lost 3.4 percent on disappointing Q4 results.

Zee Entertainment Enterprises plummeted 6 percent after it reported a consolidated net loss of Rs. 104 crore for the March quarter.

BPCL was little changed after reporting a sharp sequential decline in Q4 profit due to an exceptional loss.

Hindalco Industries rallied 3.4 percent after its wholly owned subsidiary, Novelis, posted improved operational results for the March quarter.

Mankind Pharma surged 2.2 percent after reporting better-than-expected fourth-quarter results.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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