Sensex down 200 pts, Nifty below 24,900 as Israel-Iran tensions keep investors on edge

Benchmark indices Nifty and Sensex opened on a subdued note on June 17, with Sensex dropping by 200 points and Nifty slipping below the 24,900 mark. The downturn is attributed to mounting geopolitical tensions between Israel and Iran, which have left investors wary. Market participants are closely monitoring the situation, as any further escalation could lead to increased volatility in the financial markets. The ongoing conflict has sparked concerns about potential disruptions in the oil supply chain, given the strategic importance of the region. Energy stocks, in particular, have felt the pressure, with investors fearing a rise in crude oil prices that could impact global economic recovery. Analysts suggest that the market's cautious stance reflects broader uncertainties that extend beyond immediate geopolitical risks. Despite the current challenges, some market experts recommend a focus on sectors less vulnerable to geopolitical shifts, such as technology and pharmaceuticals. They argue that while short-term fluctuations are expected, the underlying fundamentals of the Indian economy remain strong. As the situation unfolds, investors are advised to stay informed and consider diversifying their portfolios to mitigate potential risks.

— Authored by Next24 Live