Nifty settles above 24,900, Sensex breaks 2-day losing streak as investors shrug off Israel-Iran tensions

Dalal Street commenced the week robustly, with the Nifty index closing above the 24,900 mark, signaling resilience despite escalating geopolitical tensions between Israel and Iran. Investors appeared to set aside concerns over the West Asian conflict, focusing instead on domestic market fundamentals. This positive sentiment was reflected in the trading volumes, which saw a notable increase compared to last week's averages. The Sensex also ended its two-day losing streak, buoyed by strong performances in key sectors such as technology and finance. Market analysts attributed this rebound to encouraging economic indicators and corporate earnings reports that have bolstered investor confidence. The overall market mood was further lifted by positive cues from global markets, which seemed to overshadow the looming geopolitical uncertainties. While the tensions in West Asia remain a potential risk, the Indian stock market's current trajectory suggests a robust underlying economic sentiment. Investors are keenly observing any developments in the region but remain focused on domestic growth prospects. As the week progresses, market participants will likely continue to monitor both international and local factors that could influence their investment strategies.

— Authored by Next24 Live