नवीनतम
Nifty, Sensex slip amid geopolitical uncertainty
MUMBAI [Maha Media]: Indian share markets opened on a cautious note on Tuesday amid escalating tensions between the United States and Iran, as the two nations began indirect nuclear talks in Geneva, prompting risk-off sentiment among investors.
Rising geopolitical uncertainty and its impact on global markets dampened investor confidence, leading to early declines in benchmark indices.
The Nifty 50 index opened at 25,637.95, down 44.80 points or 0.17 per cent, while the BSE Sensex opened at 83,197.67, falling 79.48 points or 0.10 per cent.
Experts said global geopolitical developments are currently influencing market sentiment, with investors monitoring developments closely after recent US-Iran talks began amid rising tensions. Reports indicate the United States has increased its military presence in the Middle East and is preparing for potential extended operations if negotiations falter, adding to market caution.
Ajay Bagga, Banking and Market Expert, said, “Iran is dominating markets, talks are expected to fail, but the moot point is will Arab states agree to a US strike. Oil is transmitting the geopolitical risk to markets. Asian markets are soft and the Indian GIFT Nifty is showing weakness despite the strong performance of Monday. Expect a volatile day given the Iran overhang globally.”
In the commodity market, gold prices were relatively flat on Tuesday. The price of 24-karat gold stood at Rs 53,628 per 10 grams, while silver was priced at Rs 235,752 per kg, reflecting stable but cautious investor positioning.
Broader market indices on the National Stock Exchange also showed weakness. The Nifty 100 index declined by 0.26 per cent, while the Nifty Midcap 100 fell 0.18 per cent. Another broader index also slipped 0.11 per cent, indicating cautious sentiment across segments.
Sectoral indices showed a mixed performance. Nifty Auto declined 0.47 per cent, while Nifty IT was under pressure with a 0.12 per cent fall. Nifty Metal declined sharply by 0.76 per cent, Nifty Pharma fell 0.21 per cent, and Nifty PSU Bank slipped 0.09 per cent. Some sectors, however, showed modest gains, with Nifty FMCG rising 0.22 per cent and Nifty Media up 0.06 per cent.
Ponmudi R, CEO of Enrich Money, said, “The Indian stock market is expected to open on a steady note following yesterday’s strong rebound, led by gains in financials, energy, pharma, and healthcare. Robust DII inflows continue to provide an underlying cushion, helping offset intermittent FII outflows. However, near-term sentiment remains cautious. Consequently, trading is likely to remain range-bound and choppy until fresh domestic or global triggers offer clearer direction.”
Other Asian markets showed mixed trends. Japan’s Nikkei 225 index declined by more than 1 per cent to the 56,214 level, while Singapore’s Straits Times index was slightly higher by 0.02 per cent at 4,938. Hong Kong’s Hang Seng index surged 0.52 per cent to 26,705. Markets in Taiwan and South Korea remained closed due to holidays.
In the US markets, the S&P 500 index rose marginally by 0.05 per cent to the 6,836 level, while the Nasdaq declined by 0.22 per cent to 22,546.
