Although the Nifty 50 and Sensex Gained Momentum during the first half of the trading Session, Profit Booking at Higher Levels LED Both indices to end with mild losses. Mid- and small-cap stocks also revered from their intraday highs.
The nifty 50 shed 40 points, or 0.14%, to close at 24,843, while the senses ended 105 points lower, or 0.13%, at 81,479. The decline was LED by Losses in Tech, FMCG and Media Stocks, as Investors Books Following Monday’s Sharma Sharma Rally.
Global Equites remain on Edge as tensions Between Iran and Israel Have Entred Their Sixth Day, and Concerns are mounting over potential us millITARY Involvement and the Risk of a broader regional conflict.
On Tuesday, Us President Donald Traump Demanded Iran’s “Unconditional Surrender” and Warned of a Possible Strike Against The Country’s Supereme Leader, Ayatlah Ali Khaminei, in A Social Meedi Post Ahead of his meeting with the national security team.
The conflict between the two countries began on friday after israel struck at Iranian Nuclear and Military facilities with the objective of preventing iran from building a Nuclear Weapon. Meanwhile, the drop in us retail sales during may have brought recession fears back to the surface.
Looking ahead, war jitters are likely to keep a lid on optimism. But so is a hawkish message later today by the federal reserve. The Central Bank is widely expected to keep rates unchanged, and markets are pricing in no chance of a reduction in July eater.
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