US Iran Conflict rattles investors Nifty dips under 25k

The domestic share market traded on a negative note on Monday, amid rising geopolitical tensions in West Asia and a rise in crude oil prices,thus dragging market sentiment lower.At close, the Sensex was down 511.38 points or 0.62 percent at 81,896.79, and the Nifty was down 140.50 points or 0.56 percent at 24,971.90. About 1794 shares advanced, 2113 shares declined, and 175 shares unchanged.
Trent, Bharat Electronics, Hindalco Industries, Adani Enterprises, Bajaj Finance were the top gainers on the Nifty, while losers include Infosys, L&T, Hero MotoCorp, M&M, HCL Technologies.On the sectoral front,IT, FMCG, Auto, Bank, telecom down 0.3-1.5 percent, while Consumer Durables, media, metal, capital goods up 0.3-4 percent.The BSE midcap index was up 0.2 percent and smallcap index added 0.6 percent.
Rupee Close: 
On 23 June'25,the Indian rupee fell ended 23 paise to close at a five-month low of 86.78 against the US dollar on Monday amid a strengthening dollar and volatile crude oil prices following the US strike on Iran's nuclear facilities.A sharp decline in the domestic equity markets further pressured the rupee, according to forex experts.However, strong FII inflows, along with a rise in the country's forex reserves prevented further losses in the rupee, they said.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,last Friday, markets buildup in anticipation of easing Middle East tensions, following the U.S. announcement of a two-week window to deliberate its involvement in the Israel-Iran conflict. However, the unexpected U.S. airstrike on Iran’s nuclear facilities over the weekend disrupted those expectations, triggering a sharp rise in crude oil prices and leading to consolidation in the domestic equity market.
Despite the initial setback, the market recovered most of its losses, supported by gains in capital goods and metal stocks, as fears of an immediate oil supply disruption remained low. Meanwhile, IT stocks came under pressure due to uncertainty around global tech spending, exacerbated by weak earnings reported by Accenture.
Market experts recommended five shares to buy on Monday- Aeroflex Industries, Mishra Dhatu Nigam, Tourism Finance Corporation of India, Ask Automotive, and Gillanders Arbuthnot & Co.

(Business Correspondent)