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Oil prices surged to a multi-month high after the U.S. joined Israel in strikes against Iran's nuclear facilities, escalating Middle East tensions. Concerns are mounting over potential supply disruptions, particularly the closure of the Strait of Hormuz, a critical chokepoint for global crude shipments. Analysts caution that the geopolitical risk premium may be short-lived without actual supply losses.
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Nifty is approaching a critical level around 25,200. Analysts suggest a potential rise towards 25,700-25,900 if it breaks through. Support remains strong at 24,500. Experts recommend focusing on stocks like Mahindra & Mahindra and Bharat Electronics Limited. Banking and IT sectors are also showing promise. Geopolitical uncertainties may still cause market volatility. Traders should monitor key support and resistance levels.
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Overseas funds reduced investments in some sectors this June. Fast-moving consumer goods saw the biggest selloff. Power sector also experienced significant outflows. Financial services received substantial inflows. Interest rate cuts by RBI boosted financial sector investments. Geopolitical tensions and trade issues may affect future flows. Chemicals, oil & gas, and capital goods saw some investment.
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