Sensex, Nifty, Share Prices LIVE: Domestic markets are poised for a weak opening due to escalating geopolitical tensions, with the Gift Nifty indicating a significant drop. The deepening conflict in West Asia has soured investor sentiment, leading to substantial sales by foreign portfolio investors (FPIs), who offloaded over ₹15,000 worth of shares recently. This sell-off, coupled with the upcoming weekend, suggests a cautious approach from investors. The Iran-Israel conflict exacerbates concerns, with rising oil prices and potential disruptions in trade posing additional risks. Market sectors, particularly Auto and Oil & Gas, have seen declines, with key players like BPCL and Asian Paints affected by the surge in crude oil prices. Analysts advise caution, highlighting the importance of monitoring RBI policy decisions, global developments, and crude oil trends. The Nifty’s ability to maintain its current level amidst these challenges remains uncertain, with technical and psychological factors influencing market sentiment.
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