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Today’s Sensex Live Updates: Indian markets to open cautiously amidst growing tension in Middle-East



Sensex Today Live Updates : Indian markets to open on cautious note, as focus shifts on the tension in Middle-East

**Sensex Today Live: Asian Markets Slip Amid Middle East Tensions**

Shares in Asia fell to a six-week low as traders grappled with tensions in the Middle East, disappointing bank earnings, and the prospect of the Federal Reserve keeping interest rates higher for longer. Benchmarks in Hong Kong, Japan, and South Korea all declined, while shares in mainland China rose, led by the energy sector. Global markets displayed signs of stability despite an unprecedented attack on Israel over the weekend.

**Escalating Tensions in the Middle East Impacting Global Markets**

The threat of open warfare between Iran and Israel has left the region on edge, with the United States warning against a counterattack. The situation has led to a cautious opening for Indian markets, with the GIFT Nifty trading lower and Asian shares slumping. Gold prices rose, and the dollar reached a fresh 34-year high against the yen, reflecting growing expectations of sustained inflation in the US.

**Oil Prices Remain Steady Despite Middle East Conflict**

While tensions in the Middle East have prompted a flight to safety, oil prices have remained relatively steady. Brent crude futures hovered around $90 a barrel, with little reaction to the news of Iran’s retaliatory attack on Israel. U.S. stock futures ticked higher after a selloff on Wall Street, with major US banks reporting mixed earnings results.

**US Economic Data and Fed Rate Expectations**

Resilient US economic data, including hotter-than-expected inflation reports, has influenced expectations of higher interest rates for a longer period. This shift in rate expectations has halted bitcoin’s rally, with investors closely watching Fed policymakers’ comments for further clarity on the future path of US interest rates. The ongoing situation in the Middle East continues to impact global markets, with investors bracing for potential volatility in the days ahead.

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