<\/p>\n\n\n\n
Mumbai, Indian equity benchmark indices ended a volatile trading session lower on Thursday as investor sentiment weakened amid escalating geopolitical tensions in West Asia following fresh military action by the United States against Iran.<\/p>\n\n\n\n
The Nifty closed 53.35 points, or 0.23 per cent, lower at 23,161.60, while the Sensex declined 150.63 points, or 0.20 per cent, to settle at 73,832.55.<\/p>\n\n\n\n
Commenting on Nifty technical outlook, experts said that the 23,300-23,400 zone now acts as an important immediate resistance area.<\/p>\n\n\n\n
\u201cA sustained move above this range would be required to improve sentiment and support a recovery toward the 23,550 region,\u201d an analyst stated.<\/p>\n\n\n\n
\u201cOn the downside, the index is currently hovering near the crucial 23,100 support zone. Holding above this level will be important to prevent further weakness,\u201d a market expert mentioned.<\/p>\n\n\n\n
Market participants remained cautious after reports emerged that the United States had intensified its military offensive against Iran.<\/p>\n\n\n\n
US President Donald Trump said Tehran had ample time to negotiate a deal with Washington but failed to do so.<\/p>\n\n\n\n
He warned that Iran would now have to face the consequences, adding that the US would strike the country \u201cvery hard\u201d.<\/p>\n\n\n\n
Further adding to concerns, Iran announced the closure of the strategically important Strait of Hormuz following the US military strikes.<\/p>\n\n\n\n
The development raised fears of potential disruptions to global oil supplies and heightened uncertainty across financial markets.<\/p>\n\n\n\n
Among the Nifty constituents, Infosys and Eternal emerged as the top laggards, weighing on the benchmark index. The weakness in technology stocks also dragged the broader IT sector lower.<\/p>\n\n\n\n
Broader markets witnessed sharper selling pressure, with the Nifty MidCap index ending 0.81 per cent lower and the Nifty SmallCap index declining 0.67 per cent.<\/p>\n\n\n\n
On the sectoral front, the Nifty IT, Nifty Consumer Durable and Nifty Chemical indices recorded the steepest losses.<\/p>\n\n\n\n
In contrast, the Nifty Media, Nifty Private Bank and Nifty Pharma indices outperformed the broader market and managed to limit the overall decline.<\/p>\n\n\n\n
Analysts said investors are closely monitoring developments in West Asia, as any further escalation could impact global crude oil prices and risk sentiment across equity markets.<\/p>\n\n\n\n
After two days of gains, the Indian Rupee depreciated due to fresh dollar demand driven by forward maturities and a recovery in the dollar index amid safe-haven flows.<\/p>\n\n\n\n
\u201cTechnically, a decisive breach above 95.80 could trigger sharp short-covering and aggressive hedging, paving the way toward 96.50. On the downside, 94.70 continues to act as a strong base,\u201d a market expert mentioned.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai, Indian equity benchmark indices ended a volatile trading session lower on Thursday as investor sentiment weakened amid escalating geopolitical tensions in West Asia following fresh military action by the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2770","post","type-post","status-publish","format-standard","hentry","category-business","category-display","has_no_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2770"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2770\/revisions"}],"predecessor-version":[{"id":2771,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2770\/revisions\/2771"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}