GG News Bureau
Mumbai, 18th June: Indian benchmark indices, the Sensex and Nifty 50, demonstrated resilience on Wednesday, recovering from early losses to trade in positive territory. This upward movement was primarily driven by strong performances in financial and auto stocks, despite a backdrop of cautious global sentiment fueled by escalating tensions in the Middle East and elevated crude oil prices.
As of 9:43 am, the BSE Sensex had climbed 264 points, or 0.33%, to reach 81,854. Concurrently, the Nifty50 advanced 81 points, or 0.32%, to 24,932. The Sensex showed a robust recovery, surging an impressive 550 points from its intraday low of 81,304, indicating strong buying interest at lower levels.
According to market experts, the Indian market appears to have largely discounted the immediate impact of the Israel-Iran tensions. Monday’s positive close, which followed initial jitters, reflected a clear shift in investor focus back to solid domestic fundamentals.
“While oil and geopolitical risks remain on the radar, the Nifty’s resilience amid global unease suggests the conflict is being viewed as a short-term event rather than a structural threat,” commented Sourav Choudhary, MD, Raghunath Capital. He added that investors are increasingly “focusing on the long-term story of the Indian economy, which remains intact, and every dip is viewed as a buying opportunity.” This sentiment underscores a growing confidence in India’s inherent economic strengths despite external volatilities.
