Index stocks in red! Nifty below 21,850, Sensex near 72,000

Shivani Arora

Highlights

  • Stocks at 52-week high: DMart, Just Dial, Quess Corp, Llyods Metals
  • Stocks at 52-week low: Bata India, Bandhan Bank, Asian Paints
  • Earnings Today: Wipro, Jio Financial, Hindustan Zinc

Amid Iran-Israel conflict, the BSE stock falls 600 points below the 72,000 level and Nifty50 went close to 21,850. Indian benchmark indices were in the red on Friday, as tensions between Iran and Israel flared up after reports suggested that Israel had launched an attack on Iran.

“Overall we expect volatility to continue in the market in the absence of any major positive trigger, while focus will continue on stock-specific action amid the earning season,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.

Indian equity markets witnessed a continued decline for the sixth consecutive trading session on Friday amidst unconfirmed reports of explosions in Iran, Iraq, and Syria as per the Mint reports.

“Geopolitical jitters have gripped markets after Israeli strikes on Iran. Investors are selling off stocks, fearing a wider conflict and a potential disruption to global oil supplies,” said Manish Bhargava, a fund manager at Straits Investment.

“Investors are expected to exhibit greater risk aversion, resulting in heightened volatility in asset prices. The demand for safe-haven assets is likely to surge,” he said.

Rajesh Palviya (Senior Vice President of Technical & Derivatives Research at Axis Securities Ltd) has recommended to buy, hold, and accumulate Multi Commodity Exchange of India Ltd (MCX) today.

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I am Shivani Arora, a media student who is working as a freelancer Content Writer, news writer and social media handler with different agencies. I am a post graduate student who is self motivated and a hardworking person. My main aim is to excel in my career by learning and exploring new things.
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