India’s share market indices, Sensex and Nifty50, ended the day’s trade in red on Tuesday, June 17, 2025. The Sensex (index with top 30 firms) tumbled 212.85 points to close at 81,583.30 on Tuesday. Meanwhile, Nifty50 (index with top 50 firms) was down 93.10 points to close at 24,853.40 points.
In the morning, the Sensex surged 79 points to open at 81,869.47. Meanwhile, Nifty50 was up 31 points to open at 24,977.85 points.
Rising geopolitical tensions in the Middle East are keeping investors globally on edge. Ajay Bagga, a banking and market expert, told ANI that US markets closed higher on Monday following reports that Iran was making peace overtures through Arab intermediaries.
However, tensions escalated after US President Donald Trump left the G7 summit early, called for a mass evacuation of Tehran, and summoned the National Security Council for a meeting at the White House Situation Room upon his return.
Bagga said, “A possible strike on the main underground Iranian uranium storage and enrichment sites could be on the table. Markets are in wait-and-watch mode on these Middle East developments”.
On the trade front, he added, “On tariffs, we expect a further postponement of reciprocal tariffs from the July 9th deadline to give time for negotiations.”
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