Heightened Tension Between Israeli and Iran creates pressure on Stock Market
At least two people have been killed in an Israeli missile strike in Syria's capital, Damascus, Syrian state media and activists say. The Syrian military said two civilians died when several missiles hit a block of flats in the Kafr Sousa district.
21st Feb 2024: Today stock market opened on the positive note and Nifty made a life time high of 22249 amid a broad rally in metal stocks. Metals rose 1.9%, led by a 3% rise in aluminum producer Hindalco after its US subsidiary Novelis filed for a US IPO. The first half was mostly on the positive side.
In second half, stock market reacted on the news of israel missile strike on damascus. Considering the fear of increased tension between the 2 countries, we saw a shart sell off in the market taking it to the day lows below 22000 within 15 mins. However, after news settled down, there was some recovery and indices closed below the opening levels.
Sensex ends 434 pts lower, Nifty slides to 22,055 as market halts six-day winning run; BPCL, NTPC, CIL fall up to 4%.
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