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Trump says he prefers almost total control of the Strait of Hormuz to a deal, while Brent trades at $95.52 and another tanker takes three projectiles.
Japan's 10-year yield touched 3 percent for the first time since 1996, changing who funds Western deficits as G7 interest bills climb.
Nifty opened at 23,858 as Brent neared $96 and the US 10-year touched 4.798%, after FIIs bought cash but sold index futures.
The Nifty 50 slipped 0.10% on Tuesday as Brent jumped and ITC rallied on a merger, then Wednesday's oil spike punched through 24,000.
August GST rose 14.8% to ₹1,99,853 crore, but net domestic tax grew 3.4% as inverted-duty refunds jumped 72.6% ahead of the September 12 Council.
From Bishkek, Modi pairs 7.8% growth with a second plea to skip gold, foreign holidays and overseas weddings as the import bill stays high.
India sugar stocks fell as much as 7% after New Delhi cut the dealer cap to 2,000 quintals, squeezing wholesale godowns while mill-gate prices were already.
