Israel-Iran war: Has Indian stock market discounted Middle East tension or Nifty 50 hitting 24,000 still possible?
Around 9:43 am, the BSE Sensex climbed 264 points, or 0.33%, to reach 81,854, while the Nifty50 advanced 81 points, or 0.32%, to 24,932. The Sensex saw a strong recovery, surging 550 points from its intraday low of 81,304.
According to market experts, the Indian market appears to have largely discounted the Israel-Iran tensions, with Monday's positive close reflecting investor focus shifting back to domestic fundamentals.
' While oil and geopolitical risks remain on the radar, the Nifty's resilience amid global unease suggests the conflict is being viewed as a short-term event rather than a structural threat and investors are focusing on Long term story of the Indian economy which remains intact and every dip is viewed as a buying opportunity,' said Sourav Choudhary, MD, Raghunath Capital.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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