Mumbai, June 23 -- GIFT Nifty:

GIFT Nifty July 2025 futures were trading 14.50 points lower in early trade, suggesting a negative opening for the Nifty 50.

Over the weekend, President Trump confirmed that the U.S. conducted airstrikes on Iran's nuclear facilities to halt its alleged nuclear weapon development, sparking sharp backlash from Tehran. Iran's foreign minister warned of "everlasting consequences" and hinted at all possible retaliatory measures, including potentially blocking the vital Strait of Hormuz. Amid escalating tensions, the White House's stance appeared muddled, with Trump even hinting at regime change. Meanwhile, Israel continued its offensive against Iran, marking the 11th consecutive day of hostilities.

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