Sensex falls 213 pts,Nifty at 24,853 amid Mideast tensions

The domestic share market indices traded lower on Tuesday,amid ongoing geopolitical concerns in the Middle East.At close, the Sensex was down 212.85 points or 0.26 percent at 81,583.30, and the Nifty was down 93.10 points or 0.37 percent at 24,853.40.
Tech Mahindra, Infosys, Asian Paints, TCS, Maruti Suzuki were the top gainers on the Nifty, while losers included Adani Enterprises, Dr Reddy's Labs, Sun Pharma, Eternal, ONGC.On the sectoral front, pharma index shed 2 percent after US President Donald Trump reportedly said that "pharma tariffs are coming very soon".The broader indices underperformed the main indices with BSE midcap index and smallcap indices falling 0.5 percent each.
Rupee Close:
On 17 June'25,the Indian rupee declined 19 paise to close at 86.23 against the greenback on Tuesday weighed down by a rise in global crude oil prices amid the escalating Iran-Israel war, and a strengthening dollar.Weak sentiments in the domestic equity markets and FII outflows put further pressure on the rupee, according to forex traders.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments reportedly stated,the benchmark equity index experienced moderate losses amid rising risk of an escalation of conflicts in the Middle East ahead of the FOMC meeting. This uncertainty pushed Brent crude prices higher—an unfavourable development for India, given its heavy reliance on oil imports, thereby dampening earnings growth.In the broader market, key sectors such as auto and metals came under selling pressure. Meanwhile, the IT sector witnessed rebalancing, influenced by a strengthening U.S. dollar and anticipation surrounding the Fed’s uupcoming interest rate decisions.

(Business Correspondent)