From Gift Nifty, US-Iran war, oil prices to bond yields: 10 key things that changed for Indian stock market overnight

Indian benchmark indices crashed on Wednesday with the Sensex tumbling 1,677.12 points (-2.15%) to 76,503.60 and the Nifty 50 falling 516.65 points (-2.12%) to 23,882.05, as escalating US-Iran conflict in the Middle East and surging crude oil prices triggered a broad selloff. US military launched fresh strikes on Iran after President Trump declared an interim deal to end the war was 'over', pushing Brent crude higher and lifting US Treasury 10-year yields to a seven-week peak of 4.597%. The IMF cut India GDP growth forecast to 6.4 percent for fiscal year 2027 from 6.5 percent earlier, while Fed June minutes revealed some officials saw a case for rate hikes due to inflation fallout from the war; Gift Nifty was trading around 23,990, about 78 points premium, suggesting a positive opening on Thursday.