Stock market today: Gift Nifty hints a gap-down start; eight day trading stocks to buy on Monday, 13 July
Indian stock markets are expected to open lower due to global concerns over the escalating US-Iran conflict and rising crude oil prices. Investors are cautious as energy costs threaten to keep inflation high and influence central bank interest rate decisions.
Why it matters
Geopolitical tensions in the Middle East are directly impacting global financial markets and investor sentiment regarding inflation.
Stock market news: Indian benchmark indices are likely to begin Monday's session on a weaker note, with the Sensex and Nifty 50 expected to track subdued global cues. Investor sentiment has turned cautious after a renewed escalation in the US-Iran conflict, fuelling concerns over a possible disruption to oil supplies through the Strait of Hormuz and sending crude oil prices sharply higher.Across Asia, markets traded mixed, while US stock futures slipped as investors weighed the inflationary impact of rising energy prices and the possibility that central banks could keep interest rates higher for longer.Despite the weak global backdrop, domestic equities ended Friday's session on a strong note, supported by broad-based buying across sectors.The BSE Sensex surged 827.57 points, or 1.08%, to close at 77,569.39, while the NSE Nifty 50 climbed 244.10 points, or 1.02%, to settle at 24,206.90.US-Iran ConflictTensions in the Middle East intensified after the US reportedly expanded its…
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