Stock market today: 7 stocks to buy or sell on Monday — April 15 amid Iran-Israel crisis
Day trading guide for stock market today: Amid the Iran-Israel war and FII's selling, the Indian stock market witnessed sharp selling on Friday last week. The Nifty 50 index corrected 234 points and ended at the 22,519 level, the BSE Sensex nosedived 793 points and closed at the 74,244 mark, and the Bank Nifty index shed 422 points and finished at the 8,564 level.
In the broad market, the small-cap index dipped 0.60 percent whereas the mid-cap index went down 0.49 percent. After Israel's counterattack on Iran, the geopolitical tension in the Middle East has further escalated.
Iran fired more than 300 drones and missiles at Israel, which Tehran said was in response to the April 1 strike on its consulate in Syria. Almost all Iranian drones and missiles were shot down by Israeli, US, and allied forces before they reached their targets.
To stop further escalation of the Middle East crisis, US Secretary of State Antony Blinken on Sunday reached out over the phone to the foreign ministers of Jordan, Saudi Arabia, Turkey, and Egypt, while Defense Secretary Lloyd Austin had calls with his Saudi and Israeli counterparts, amid signs of an escalating crisis in the Middle East following Iran's strikes on Israel. On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, "A small negative candle was formed on the weekly chart with upper shadow, which is indicating a reversal pattern formation as per daily as well as weekly timeframe charts.
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