Sensex, Nifty decline in early trade on weak global peers amid Middle East tensions
The Hindu
Sensex and Nifty decline due to global market trends amid Iran-Israel conflict, facing volatility before trading flat.
Benchmark indices Sensex and Nifty declined in early trade on Thursday (June 19, 2025) in-line with weak trends from global markets as the ongoing Iran-Israel conflict continue to weigh on investors' sentiment.
The 30-share BSE Sensex declined 253.62 points to 81,191.04 in early trade. The 50-share NSE Nifty dropped 73.95 points to 24,738.10.
Israel-Iran conflict LIVE: Iran fires fresh wave of missiles; Israel sounds sirens in Tel Aviv, Jerusalem
However, later both the benchmark indices faced heavy volatility and were trading flat. The BSE benchmark traded 39.09 points higher at 81,483.75, and the Nifty quoted 22.70 points up at 24,835.70.
From the 30-Sensex firms, Tech Mahindra, Adani Ports, HCL Tech, Infosys, IndusInd Bank, Tata Consultancy Services, Tata Steel and Power Grid were among the major laggards. Titan, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors, Axis Bank and Larsen & Toubro were among the gainers.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were quoting in the negative territory. The U.S. markets ended on a mixed note on Wednesday (June 18, 2025). Global oil benchmark Brent crude dipped 0.27% to $76.49 a barrel.
"The 24,500-25,000 range for the Nifty is likely to hold till news from the Israel-Iran conflict change for the better or for the worse. If news of deescalation of tensions break, Nifty will break out of the upper band of the range. If the news is about escalation of tensions, particularly relating to troubles in the strait of Hormuz resulting in sharp spike in crude, it would be difficult for Nifty to hold on to the 24,500 support level," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
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