Sensex today falls over 130 points, Nifty ends below 24,850 as geopolitical tensions, Fed decision weigh
Stock market today: Indian frontline indices remained range-bound for another session as ongoing geopolitical tensions continued to weigh on sentiment. Investors also stayed cautious ahead of the U.S. Federal Reserve policy decision, due later today, which is expected to set the tone for global equities.
Although the Nifty 50 and Sensex gained momentum during the first half of the trading session, profit booking at higher levels led both indices to end with mild losses. Mid- and small-cap stocks also reversed from their intraday highs.
The Nifty 50 shed 40 points, or 0.14%, to close at 24,843, while the Sensex ended 105 points lower, or 0.13%, at 81,479. The decline was led by losses in tech, FMCG and media stocks, as investors booked profits following Monday's sharp rally.
Global equities remain on edge as tensions between Iran and Israel have entered their sixth day, and concerns are mounting over potential U.S. military involvement and the risk of a broader regional conflict.
On Tuesday, U.S. President Donald Trump demanded Iran's "unconditional surrender" and warned of a possible strike against the country's Supreme Leader, Ayatollah Ali Khamenei, in a social media post ahead of his meeting with the national security team.
The conflict between the two countries began on Friday after Israel struck at Iranian nuclear and military facilities with the objective of preventing Iran from building a nuclear weapon. Meanwhile, the drop in US retail sales during May has brought recession fears back to the surface.
Looking ahead, war jitters are likely to keep a lid on optimism. But so is a hawkish message later today by the Federal Reserve. The central bank is widely expected to keep rates unchanged, and markets are pricing in no chance of a reduction in July either.
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As of June 18, the Pentagon has not confirmed direct military involvement, but intelligence officials suggest preparations are underway for possible intervention if the situation deteriorates who recently returned from a G7 summit in Italy, told reporters, 'The United States stands with Israel and will respond appropriately to any threat against our allies.'His national security team, including Defense Secretary Tom Cotton and Secretary of State Mike Pompeo, have reportedly been in continuous contact with Israeli defense leaders since the strikes began last Israeli offensive has exposed deep cracks in Iran's intelligence and defense operations. Multiple high-ranking Iranian military and intelligence officials have been targeted or killed in recent strikes, and that's raising tough questions inside the Razzaghi, CEO of Tehran-based consultancy Ara Enterprise, says internal changes are inevitable. 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First Post
24 minutes ago
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How Ali Khamenei rose to the top and became Iran's most powerful man
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