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17.06.202505:16:15UTC+00Indian Stocks Slip Amid Geopolitical Tensions

In morning trading on Tuesday, Indian equities declined by 284 points, or 0.3%, to settle at 81,513. This marked an interruption of gains observed in the previous session. The BSE Sensex mirrored a slip in US stock futures following US President Donald Trump's call for the evacuation of Tehran, amid escalating tensions between Israel and Iran. The climb in oil prices further dampened market sentiment, fueling inflation worries, given India's position as the world's second-largest oil importer. Market participants are closely monitoring the US Federal Reserve's interest rate decision expected on Wednesday. However, the decline was tempered by dovish comments from the Governor of the Reserve Bank of India, which alleviated fears of future rate hikes against a backdrop of moderating inflation and robust economic growth. Sectors such as pharmaceuticals, healthcare, automobiles, oil & gas, and consumer goods notably pressured the index. The Nifty 50 fell by 0.4%, dipping below 24,900, with significant losses seen in Sun Pharmaceutical Industries (-1.9%), Bajaj Finance (-1.2%), IndusInd Bank (-1.0%), Tata Motors (-0.9%), and UltraTech Cement (-0.7%).

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