On May 20, 2026, the GIFT Nifty, which serves as an early indicator for the Nifty50, fell sharply by 198 points to 23,414 as investors reacted to escalating tensions between the United States and Iran. President Donald Trump's recent threats of a 'big hit' on Iran if a deal is not reached soon have heightened concerns regarding geopolitical stability, causing a ripple effect across global markets. Consequently, US bond yields have surged to multi-decade highs, raising fears of inflation. This uncertainty has led to declines in Asian markets, with Japan's Nikkei 225 and South Korea's Kospi dropping 1.29% and 0.93%, respectively. In the US, major indices also closed lower, with the Dow Jones Industrial Average down by 0.65% and the S&P 500 down by 0.67%. Amid this backdrop, several companies are set to release their fourth-quarter results today, including Action Construction Equipment and Apollo Hospitals Enterprise. Additionally, the IPO for NFP Sampoorna Foods is on its final day, aiming to raise ₹24.53 crore (around $3 million USD) from investors.