Indian Stock Markets Show Caution Amid Geopolitical Tensions in West Asia

Bearing in mind the geopolitical situation in West Asia, the country's stock markets showed a cautious trading picture on Thursday. IT, fast-selling consumer goods and financial services stocks were under pressure. Sensex and Nifty ended the day slightly lower. However, there was no major fall in the market. At the same time, the rupee position against the dollar strengthened slightly. Nifty closed the day at 23 654.7 points, down 4.3 points or 0.02%. On the other hand, the Sensex 135.03 points or 0.18% fell to 75 183.36 points. According to market experts, the volatile situation in West Asia and the uncertainty in the international market led to some caution among investors. During the trading hours, shares of several major companies in the IT and financial sector were under selling pressure. Shares of Bajaj Finance, Infosys and Tech Mahindra were the most stressed on the Sensex. Nifty also saw a decline in the broader Nifty.