Indian Shares Extend Losses As Iran Crisis Worsens
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Indian shares opened lower on Friday, extending losses due to the escalating conflict in Iran and the Middle East. The BSE Sensex fell 697 points (0.9%) to 75,337, while the NSE Nifty dropped 243 points (over 1%) to 23,394. Major decliners included HDFC Bank, Tech Mahindra, and Tata Steel, which fell 2-3%. Godrej Properties declined 1.3% after entering the Coimbatore real estate market. ACME Solar Holdings rose over 5% after completing a battery energy storage project in Rajasthan.
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