Quote on Market 23th June 2025 by Vinod Nair, Head of Research, Geojit Investments Ltd
Below the Quote on Market 23th June 2025 by Vinod Nair, Head of Research, Geojit Investments Ltd
"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."
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