Stock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Monday, 20 July
Indian stock markets are expected to open lower due to rising geopolitical tensions between the US and Iran and climbing oil prices. Investors are also monitoring June-quarter earnings reports from major financial institutions.
Why it matters
Global geopolitical instability is directly impacting market sentiment and commodity prices, creating uncertainty for investors.
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a weaker note on Monday, tracking subdued global cues as escalating tensions between the US and Iran, coupled with Brent crude oil climbing above $90 a barrel, dampened risk appetite.Asian equities traded lower in early deals, while Wall Street ended last week on a weak note as selling pressure in semiconductor stocks weighed on investor sentiment.On Friday, however, domestic equities ended sharply higher, supported by strong buying in heavyweight stocks ahead of the ongoing June-quarter earnings season. The BSE Sensex surged 964.58 points (1.25%) to close at 78,151.45, while the Nifty 50 rallied 261.55 points (1.09%) to settle at 24,334.30.US-Iran conflict intensifiesGeopolitical tensions remained elevated after the United States launched another wave of airstrikes on Iran on Monday following the reported death of another American service member.
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