Indian shares drop as US-Iran tensions pull oil near $92; Milky Mist jumps 30% in debut

Milky Mist Dairy Food

18/08/2026 07:42

** India's Nifty 50 .NSEI and BSE Sensex .BSESN down 0.3% and 0.4%, respectively; Nifty set for sixth straight session of losses, down 1.5% for the period
** MSCI Asia ex Japan .MISX00000PUS falls 0.3%
** Brent crude futures LCOc1 climb to around $92 per barrel as temporary U.S.-Iran ceasefire expires O/R
** Iran will shift to a "fully offensive" military posture as efforts to negotiate a permanent end to the war with the U.S. have stalled, a senior Iranian official told Reuters on Monday, as Washington ruled out extending temporary ceasefire agreement
** U.S. Treasury yields jump, which is typically a negative for India and emerging markets in terms of foreign flows
** Eleven of 16 major sectors trade lower in India; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 down 0.2% and 0.4%, respectively
** IT stocks .NIFTYIT down 1.6%, leading losses and tracking some weakness in global tech shares 
** Among individual stocks, Milky Mist MILY.NS jumps nearly 30% in India trading debut


 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))