Indian Shares Rise on Gift Nifty Strength as US‑Iran Tensions Loom

The Gift Nifty surged by roughly 78‑84 points in early trade, signalling a positive opening for Indian equities. Asian markets were broadly higher, with chip stocks supporting the advance, while investors watched the impact of heightened US‑Iran tensions that pushed crude oil futures to about $78.73 a barrel.

Several major Indian companies, including TCS, are slated to release their Q1 earnings, and a batch of IPOs—Laser Power & Infra, Devson Catalyst, Happy Steels and Kusumgar—opened for subscription, adding further focus for market participants.