Indian Stock Market Opens Slowly Amid Global Volatility

Amid weak global cues and renewed tensions between the US and Iran, the Indian stock market has a slow start today. Meanwhile, the BSE Sensex is trading at 73988.27 level with a slight gain of 69 points. Nifty has started trading at 23233 with a loss of 8 points. Shares of oil producing companies like ONGC are rising due to the boom in Federal Bank and Crude due to Buy Recommendation in early trade. At the same time, IT stocks like TCS, Tech Mahindra and paint companies are under pressure due to the selloff in tech stocks globally. Today, Asian markets are in a state of weakness. According to a Reuters report, geopolitical tensions in the Middle-East after the military attacks on Iran by the United States have upset investor sentiment. This has led to a selloff in Asian markets. South Korea's Buy Recommendation has shown the highest pressure in ID23. ID22 is also trading at 7% along with Japan's Nikkei.