After a promising start, domestic benchmark indices Nifty 50 and Sensex cooled off in the afternoon session on Tuesday, June 24, as renewed geopolitical tensions in the Middle East weighed on investor sentiment. The markets closed modestly higher, but well off their intraday peaks.<\/p>\n\n\n\n
The dampened mood followed reports that Israel intercepted two missiles fired from Iran<\/strong>, just hours after a ceasefire between the two nations was declared. An official from the Israel Defense Forces (IDF) confirmed the interception, as reported by CNN.<\/p>\n\n\n\n Reacting strongly, Israeli Defence Minister Israel Katz stated, “In light of Iran\u2019s blatant violation of the ceasefire declared by the President of the United States… I have instructed the IDF to continue high-intensity operations targeting regime assets and terror infrastructure in Tehran.”<\/em><\/p>\n\n\n\n Market breadth was positive, with 2,570 stocks advancing<\/strong>, 1,289 declining<\/strong>, and 129 unchanged<\/strong>.<\/p>\n\n\n\n Despite the pullback in the frontline indices, the broader market outperformed, with both the Nifty Midcap 100<\/strong> and Nifty Smallcap 100<\/strong> ending about 0.7% higher<\/strong>.<\/p>\n\n\n\n Sectorally, most indices held firm. Notably:<\/p>\n\n\n\n Defence-related stocks took a hit after a two-day rally, with investors booking profits amid hopes of de-escalation in the Israel-Iran conflict. Former U.S. President Donald Trump\u2019s statement that a ceasefire had been reached between the two nations also contributed to the dip, calming crude oil prices and reducing fears of a broader regional crisis.<\/p>\n\n\n\n The Nifty’s breakout attempt above its recent consolidation zone faced resistance, with the index once again retreating to the 24,500\u201325,000 range<\/strong>. However, analysts remain cautiously optimistic.<\/p>\n\n\n\n According to Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, the index continues to find strong buying support around 24,700\u201324,750<\/strong>.<\/p>\n\n\n\n \u201cA close above 25,250 could reignite bullish momentum and push the index toward 25,500,\u201d he said. \u201cOn the downside, any meaningful weakness would only emerge if Nifty breaks below 24,700\u2014until then, dips are likely to be bought.\u201d<\/p>\n<\/blockquote>\n\n\n\n While today’s session reflected the market\u2019s sensitivity to geopolitical news, underlying strength in mid- and small-cap segments, as well as in PSU banks, suggests that investors remain cautiously optimistic. Traders will be watching for clarity on the Middle East situation, along with global cues, before making their next move.<\/p>\n\n\n\n Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n Telegram <\/a>| Facebook <\/a>| Instagram<\/a><\/strong><\/p>\n\n\n\n Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" After a promising start, domestic benchmark indices Nifty 50 and Sensex cooled off in the afternoon session on Tuesday, June 24, as renewed geopolitical tensions in the Middle East weighed on investor sentiment. The markets closed modestly higher, but well off their intraday peaks. The dampened mood followed reports that Israel intercepted two missiles fired from Iran, just hours after a ceasefire between the two nations was declared. An official from the Israel Defense Forces … Continue reading “Markets Take a Breather as Middle East Tensions Resurface; Nifty, Sensex Close Off Day\u2019s Highs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4502"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4502\/revisions"}],"predecessor-version":[{"id":4504,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4502\/revisions\/4504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4503"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nClosing Bell Snapshot: Nifty & Sensex End in Green<\/strong><\/h3>\n\n\n\n
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\n\n\n\nMidcaps, Smallcaps Outshine; PSU Banks Rally Over 2%<\/strong><\/h3>\n\n\n\n
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\n\n\n\nDefence Stocks Decline as Geopolitical Risk Eases<\/strong><\/h3>\n\n\n\n
\n\n\n\nTechnical View: Key Levels to Watch on the Nifty<\/strong><\/h3>\n\n\n\n
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\n\n\n\nOutlook<\/strong><\/h3>\n\n\n\n