Sensex & Nifty Brace for Gap-Down Amid US-Iran Tensions and Global Dip Fears
Indian equity markets are set to face a cautious start today, April 13. The outlook is subdued, tracking recent losses visible in the GIFT Nifty index, which was trading around the 23,763 level. Traders are closely monitoring global cues as instability from the Middle East continues to weigh heavily on Asian indices.Just days ago, Indian benchmarks had shown strong momentum. The Sensex had rallied by 918.60 points or 1.20 percent at 77,550.25, while the Nifty appreciated by 275.50 points or 1.16 percent at 24,050.60. Today, however, global uncertainty is dampening that positive momentum.Geopolitical Tensions Fuel Global Market Weakness
The primary catalyst...