Indian market on June 13: Outlook post Israel-Iran row

Indian market on June 13: Outlook post Israel-Iran row

Today’s Nifty 50 and Sensex patterns also point to a gap-down beginning for the Indian benchmark index. The Gift Nifty was down around 205 points from the previous closing of the Nifty futures, trading at a level of 24,732.

Following Israel’s airstrikes in Iran,the key Indian stock market indices,the Sensex and Nifty 50,are probably going to open lower on Friday,following weak global cues.

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A gap-down beginning for the Indian benchmark index is also suggested by the trends on Gift Nifty. The Gift Nifty was down around 205 points from the previous closing of the Nifty futures, trading at a level of 24,732.

After Israel targeted Iran’s ballistic missile program, its primary enrichment plant in Natanz, and its top nuclear scientists and officials, geopolitical tensions in the Middle East increased.

The benchmark Nifty 50 fell below the 24,900 barrier on Thursday,bringing the local equity market to a weaker close.

The Nifty 50 closed 253.20 points, or 1.01%,lower at 24,888.20,while the Sensex fell 823.16 points,or 1.00%,to close at 81,691.98.

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