Indian markets likely to open higher; Gift Nifty signals 150-point gap-up

The US struck Iran's Qeshm Island, pushing oil prices up 0.5% in early Asian trade. The attacks have revived concerns over an escalation of the conflict and prolonged disruption to oil supplies through the Strait of Hormuz.

The bilateral exercise brings together the two countries’ armed forces for joint training in humanitarian assistance, disaster response and operational coordination

Investor optimism also grew after reports that Sebi proposed scrapping long-term capital gains tax for foreign investors.

From GRSE’s ₹32,000-crore Indian Navy contract and USFDA approvals for pharma companies to fresh infrastructure, AI automation and laptop supply orders, several companies announced significant business developments