Fresh military exchanges between Israel and Iran are sending ripples through financial hubs worldwide, with India’s stock market staring down a potentially frail Monday open. Preemptive Israeli hits sparked explosions in Tehran, met by Israeli civil defense sirens and shelter advisories.
Rather than mass exodus, experts anticipate a soft landing with mild dips, following Friday’s rout. ‘Short-term jitters favor haven bets, but no meltdown in sight,’ asserts a top fund manager.
Focus shifts to prospective US mediation with Iran, which could soothe nerves. Absent progress, expect range-bound action laced with swings.
Nifty’s technical malaise is evident: Slipping under 200-day EMA on the fourth straight drop, it flags medium-term downside. Resistance clusters at 25,300-25,350; support at 25,000-25,050 holds the line.
‘Support breach risks sharper falls; otherwise, sideways grind ahead,’ cautions an analyst. Energy and commodity plays face headwinds from oil spikes, while pharma and IT offer relative sanctuary.
In this high-stakes environment, disciplined strategies trump speculation. Global interconnectedness amplifies Middle East tremors, underscoring the need for vigilant portfolio management.