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By HDFC SKY | Last Updated: Jun 11, 2026
Global markets weakened sharply as escalating U.S. & Iran tensions triggered a broad risk‑off sentiment, with Wall Street witnessing steep declines led by semiconductor stocks.
Rising crude prices and geopolitical uncertainty added to inflation concerns, while a stronger dollar pressured commodities. Asian markets followed the negative trend. Domestically, Nifty remained volatile, ending slightly lower after failing to sustain intraday gains, with broader markets under significant pressure.
Technically, the index continues in a downtrend below key averages, with 23,000 as immediate support and 23,515 acting as a key resistance level for any recovery.
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