Nifty Ends Volatile Day in Red: What to Expect in the Coming Sessions? Here's Nifty50 Outlook & Key Factors

Nifty Today: Indian equity benchmarks ended lower on June 17 in a volatile trading session, weighed down by rising geopolitical tensions in the Middle East. The Sensex declined 212.85 points or 0.26% to close at 81,583.30, while the Nifty fell 93.10 points or 0.37%, settling at 24,853.40.

Broader markets saw deeper cuts, with the BSE Midcap and Smallcap indices each dropping by 0.5%, underperforming the headline indices.

Nifty50 Today

On June 17, 2025, the NIFTY 50 index closed at 24,853.40, registering a decline of 93.10 points or 0.37% for the day. The index ended lower in a volatile trading session, with market sentiment weighed down by global geopolitical tensions and profit booking. The closing figure was recorded at 3:31 PM.

The NIFTY 50 index opened at 24,977.85 and touched an intraday high of 24,982.05 on Tuesday, before slipping to a low of 24,813.70. The index eventually settled at 24,853.40, down 93.10 points from its previous close of 24,946.50. Despite the dip, the Nifty remains well above its 52-week low of 21,743.65, though still below its 52-week high of 26,277.35.

Nifty50 Outlook and Key Levels

The Nifty index is expected to find support near the 24,500 level and may face resistance around 25,000. Despite the need for caution, analysts suggest that staying invested and using market dips as buying opportunities remains a sensible strategy.

Global Market Cues

U.S. markets ended on a positive note Monday, with petroleum prices easing as tensions between Israel and Iran had no immediate impact on oil production or distribution. This helped ease inflation concerns tied to energy costs. The S&P 500 gained nearly 1%, pushing above the 6,000 mark.

In Asia, equities traded mostly lower on Tuesday, though Japan and South Korea posted slight gains. Market sentiment followed Wall Street's upbeat close.

Currency and Commodities Update

The U.S. dollar edged higher on Tuesday, while other currencies remained range-bound as investors stayed cautious amid ongoing geopolitical tensions and awaited signals from upcoming central bank meetings.

Oil Market Reaction

Oil prices surged over 2% on Tuesday, driven by rising tensions between Israel and Iran. Reports of U.S. President Donald Trump calling for an evacuation of Tehran heightened concerns about regional instability and potential supply disruptions.

Fund Flows

Foreign Portfolio Investors (FPIs) were net sellers on Monday, offloading stocks worth Rs 2,539 crore, while Domestic Institutional Investors (DIIs) were net buyers, investing Rs 5,781 crore.

Additionally, FII net short positions in futures declined slightly, from Rs 1.04 lakh crore on Friday to Rs 1.01 lakh crore on Monday, indicating a minor shift in sentiment.

The ongoing Israel-Iran conflict is expected to keep defence and oil-related stocks in focus, while sectors linked to the monsoon, such as fertilisers, agro-chemicals and rural FMCG may attract investor interest amid forecasts of above-average rainfall.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, "Despite the escalation of the Iran-Israel conflict globally stock markets are steady and resilient. The decline in the US volatility index CBOE suggests that markets are unlikely to correct sharply unless the conflict takes a dramatic turn for the worse. The main contributor to the market resilience is the retail investors using every dip in the market as a buying opportunity. Valuations do not appear to deter retail investors. During the last 4 trading days after the conflict started FIIs sold stocks for Rs 8080 crores. This FII selling has been completely eclipsed by DII buying of Rs 19800 crores. Sustained retail funds flows, mainly through SIPs, are empowering the DIIs to buy consistently.