Stock market today: Gift Nifty jumps; US-Iran war, India VIX to gold, silver rates — eight stocks to buy or sell
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The Indian stock market ended a volatile session on Thursday with the Nifty 50 index crashing 222 points and the BSE Sensex shedding 931 points. The market is expected to open on a firm note on Friday, supported by positive global cues and a gap-up opening, despite ongoing geopolitical tensions and uncertainty in the US-Iran conflict.
The Indian stock market experienced a volatile session on Thursday, with the Nifty 50 index closing at 23,775 and the BSE Sensex at 76,631. The metals sector stood out as a relative outperformer, driven by improving earnings expectations and supportive global metal prices. The Gift Nifty index is trading green, indicating a positive start to Friday's session. The US is set to host Israel-Lebanon talks next week to address the ongoing conflict. Iran's Supreme Leader has announced a shift in the management of the Strait of Hormuz, a critical energy corridor. The Indian stock market is expected to be impacted by these geopolitical developments, particularly through their effect on crude oil prices. Gold and silver prices saw selling pressure in the international market, with the COMEX gold rate around $4,790/oz and the COMEX silver rate around $75.75/oz.
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