Trump's Iran Stance Whipsaws Nifty Stocks: Yesterday's Gains Erased

• Nifty stocks that surged on Wednesday reversed sharply on Thursday after US President Donald Trump's address on the Iran conflict.
• Trump signaled continued military action against Iran, triggering a surge in crude oil prices and a risk-off mood globally.
• Stocks like Trent, IndiGo, Adani Ports, and SBI saw significant declines, wiping out previous session's gains.
• Banking and cyclical stocks also experienced aggressive profit booking, with some ending in the red over two days.
• The market's disappointment stemmed from Trump's failure to announce a ceasefire, instead threatening further strikes.