India Shut for Market Holiday, Gift Nifty Flashes Friday Caution as Oil Jumps
Indian stock exchanges closed Thursday for Bakri Id, while Gift Nifty futures fell 0.79% to 23,655.50, signaling a weaker Friday open. Brent crude jumped 3.6% to $97.71 amid U.S.-Iran tensions. Foreign investors have pulled over $23 billion from Indian markets in 2026, raising the risk of the first annual decline since 2015. Taiwan has overtaken India as the world’s fifth-largest stock market by market cap.