Indian shares experienced volatility in early trading on Tuesday, influenced by U.S. military strikes in southern Iran, which dampened optimism for a potential agreement with Tehran. The benchmark BSE Sensex rose by 60 points to 76,547, while the NSE Nifty index increased by 22 points to 24,054. Notable gainers included Infosys and Eternal, each up around 1%, while Bharti Airtel and Kotak Mahindra Bank were among the prominent decliners.
Sector performance varied significantly, with Premier Energies surging over 2% following a major stake sale, and NLC India rallying 3.5% after announcing a joint venture with the Nuclear Power Corporation. In contrast, Container Corporation of India fell nearly 5% after reporting a 12% drop in net profit, and Rail Vikas Nigam’s net profit plummeted 59%, leading to a 3% decline in its stock.
Market professionals should monitor geopolitical developments closely, as tensions in the Middle East could influence investor sentiment and sector performance in the coming days.
Source: nasdaq.com