How Will US-Iran Conflict Impact Sensex, Nifty 50? Crucial Technical Levels to Monitor
The Indian stock market, including benchmark indices Sensex and Nifty 50, is bracing for a volatile start on Monday, with expectations of a gap-up opening driven by heightened geopolitical tensions. The United States has officially joined Israel in launching strikes on Iranian nuclear facilities, escalating fears of a broader Middle East conflict, according to market analysts.
Mahesh M Ojha, AVP Research at Hensex Securities, noted, “Investors should closely monitor the gap-up opening on Monday as global tensions rise. The Israel-Iran conflict is likely to drive up crude oil and gold prices worldwide.” Experts warn that the sudden escalation has caught the U.S. economy and global markets off guard, potentially dampening investor confidence across international exchanges.
The conflict intensified as U.S. B-2 bombers, manufactured by Northrop Grumman and known for their stealth capabilities, targeted Iran’s fortified nuclear sites at Fordow, Natanz, and Esfahan. Iran has vowed retaliation, raising concerns about further instability in the region. In response, the U.S. has begun organizing evacuation flights from Israel.
Despite the global uncertainty, Indian markets showed resilience last week. On Friday, equities posted a 1.6% gain, snapping a three-day losing streak. The Sensex, which opened marginally lower at 81,354.85 compared to its previous close of 81,361.87, surged 1,133 points or 1.4% to an intraday high of 82,494.49. Similarly, the Nifty 50 climbed 1.4% from its opening of 24,787.65 to a high of 25,136.20.
Key Levels to Watch
Sugandha Sachdeva, Founder of SS WealthStreet, highlighted critical technical levels for investors. “The Nifty has held firm at the key support level of 24,500 and appears ready for a potential breakout from its current range of 24,500–25,200. A move above this band could signal bullish momentum, targeting levels around 25,700,” she said.
On the Bank Nifty, Sachdeva added, “As long as the index sustains above the 55,400 support level, it is well-positioned to aim for higher targets near 57,180.”
As geopolitical risks loom large, investors are advised to stay vigilant and track these pivotal levels for cues on the market’s next move.
Disclaimer:This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mumbai Samachar. We advise investors to check with certified experts before making any investment decisions.