Nifty declines sharply amid rising geopolitical tensions
pre-market1 source ↓written by the desknot a recommendation
- Nifty 50 fell
- 4%
- index below
- 20, 50, and 100-day EMAs
The Nifty 50 fell 4%, erasing gains from the last three sessions, primarily due to escalating tensions between the United States and Iran. This led to a spike in global crude oil prices, pushing the index below its 20, 50, and 100-day EMAs. The market sentiment shifted from bullish to cautious, indicating potential selling pressure ahead.
Not investment advice. For informational purposes only.