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Stock market opens higher; experts says geopolitical risk have short-term impact

Indian stock market opened on a positive note Friday, showing resilience despite escalating geopolitical tensions in the Middle East. Ajay Bagga, banking and market expert said, "Geopolitical risks normally have a short-term impact on the markets."

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Representational Image. File Pic

Representational Image. File Pic

The Indian stock market opened on a positive note Friday, showing resilience despite escalating geopolitical tensions in the Middle East. The benchmark indices started the day with notable gains, reflecting investor confidence amid global uncertainty.

Ajay Bagga, banking and market expert said, "Geopolitical risks normally have a short-term impact on the markets. However, the lack of clarity on the end game and on the US involvement is leading to bearish overtones for the markets. Iran is no pushover, and the Islamic regime puts its survival ahead of the welfare of its population or economy. The worst-case scenarios will not play out, but are getting factored in."

The BSE Sensex opened 237.77 points higher at 81,599.63, while the NSE Nifty gained 77.55 points, beginning the session at 24,870.80. This upward momentum came even as concerns over the ongoing Israel-Iran conflict weighed on global market sentiment.

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