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Below Post-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

The recent escalation of tensions between Iran and Israel rattled Dalal Street, causing both the Sensex and the Nifty 50 to plummet by over one percent. The Sensex lost 845 points, or 1.14 percent, closing at 73,399.78, while the Nifty 50 dropped 247 points, or 1.10 percent, settling at 22,272.50. Additionally, the BSE Midcap and Smallcap indices each experienced a 1.5 percent decline.

Short-term sentiment indicates a bearish trend, with the Nifty Index expected to fluctuate between 22,200 and 22,400. Sellers are likely to persist as long as the index remains below the 22,400 mark. However, if the situation deteriorates further, we may witness heightened selling pressure across local markets.

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