{"id":912,"date":"2026-05-13T05:51:45","date_gmt":"2026-05-13T05:51:45","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=912"},"modified":"2026-05-13T05:51:45","modified_gmt":"2026-05-13T05:51:45","slug":"indian-shares-inch-higher-after-4-day-decline-mideast-risks-cap-gains","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=912","title":{"rendered":"Indian shares inch higher after 4-day decline, Mideast risks cap gains"},"content":{"rendered":"<p><a href=\"https:\/\/www.brecorder.com\/news\/40420788\/indian-shares-post-worst-drop-in-six-weeks-115bn-wiped-out-as-mideast-hopes-fade\"><strong>Indian shares<\/strong><\/a> <strong>edged higher on Wednesday after four sessions of steep losses, with gold and silver ETFs rallying on a hike in import tariffs, but overall gains were contained by elevated crude prices and persistent foreign outflows.<\/strong><\/p>\n<p>The Nifty 50 rose 0.3% to 23,450.25 as of 10:27 a.m. IST, while the BSE Sensex added 0.2% to 74,717.72.<\/p>\n<p>Fourteen of the 16 major sectors logged gains. The broader small-caps and mid-caps rose 1% and 0.9%, respectively.<\/p>\n<p>The Nifty and Sensex have each shed about 4% over the past four sessions, as the U.S.-Iran deadlock pushed crude prices higher and heightened concerns over the broader economic fallout from the conflict.<\/p>\n<p>\u201cSurge in oil prices driven by supply disruption fears is weighing on sentiment, due to India\u2019s oil-import dependence, contributing to the risk-off sentiment in the market,\u201d said Gaurav Garg, research analyst at Lemonn Markets Desk.<\/p>\n<p>A rebound after the recent slide is possible, but higher oil prices are likely to cap gains, two analysts said.<\/p>\n<p>Brent crude, up 48% since the Iran war began in late February, hovered near $107 a barrel, raising concerns over inflation and the current account deficit in India &#8211; the world\u2019s third-biggest oil importer.<\/p>\n<p>Foreign portfolio investors have offloaded shares worth $23.14 billion from Indian markets, surpassing the record high annual outflows in 2025.<\/p>\n<p>India raised import tariffs on gold and silver to 15% from 6%, according to government orders on Wednesday, as part of efforts to ease pressure on foreign exchange reserves.<\/p>\n<p>The hike is positive for gold and silver exchange traded funds (ETF), as costlier physical imports could steer investors toward ETFs and boost fund asset values.<\/p>\n<p>Nippon India Gold ETF, Tata Gold ETF, HDFC Gold ETF and ICICI Prudential Gold ETF jumped 4%-6%.<\/p>\n<p>Tata Silver ETF, Nippon India Silver ETF and HDFC Silver ETF also climbed between 4% and 6%.<\/p>\n<p>Meanwhile, jewellers such as Titan Company, Kalyan Jewellers, Thangamayil Jewellers lost 1.5%-6%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares edged higher on Wednesday after four sessions of steep losses, with gold and silver ETFs rallying on a hike in import tariffs, but overall gains were contained by elevated crude prices and persistent foreign outflows. The Nifty 50 rose 0.3% to 23,450.25 as of 10:27 a.m. IST, while the BSE Sensex added 0.2% [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=912"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/913"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}