Transcription
Let us now talk to International Market Expert Ajay Bagga. Bagga Sir, good morning. Trump has, on one hand, called the news of talks with Iran breaking as fake news. On the other hand, talks with Iran do not seem to be progressing in any concrete direction. What is happening, Sir?
Yes, absolutely, today there is a limit to confusion because the US Central Command has released information that two missiles came towards a Kuwaiti airbase and three missiles came towards Bahrain, which they intercepted, and the US has also bombed an Iranian base. So, the US Central Command has said, Iran has said that talks have stalled. We are not having any connection with the US for many days. But Trump and Marco Rubio, in front of the Senate, there was also an offer from their Foreign Minister Marco Rubio that talks are ongoing and Iran is also talking about nuclear issues. Now, based on Marco Rubio's statement and Trump's confirmation that talks are ongoing and a deal will happen by next week, markets have risen. This morning, we see that the Japanese market is also up. Australia is also up, but the price of oil has increased. So, oil is not believing that this deal is happening, but stock markets are rising. So, there is an atmosphere of confusion, Swati, and overall, we saw significant selling by FIIs yesterday. Gift Nifty is giving signals today of remaining down in the Indian market. So, there is confusion. It is becoming difficult to believe whom. But the price of oil is showing us that scarcity of oil is felt from here, and it seems difficult for the state of affairs to open up. Now let's see what happens. Who is speaking the truth. Is Iran speaking the truth or is Trump? It is difficult to say. But oil is not believing this.
We absolutely thank you, Bagga Sir, once again for your analysis and for giving your time.