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Can Nifty Hold 24,900 As Israel-Iran Tensions Escalate| Vishal Mega Mart In Focus |Opening Bell Live

The Nifty 50 put in a strong performance on June 16, rebounding nearly 1% after a brief correction and inching closer to the 25,000 mark. The rally was fueled by strength in global markets, which held firm despite persistent geopolitical tensions. Experts suggest that as long as 24,800 holds, the index could advance toward the 25,000–25,200 zone in the near term. A slip below 24,800 could see the Nifty finding support at 24,700, with further cushion at 24,500. This morning global cues are signalling caution with US futures in the red and GIFT Nifty hinting at a muted start as Iran-Israel tensions rise. Biocon & Vishal Mega Mart will be among the stocks to watch out for. Catch Nandita Khemka in conversation with Hemen Kapadia, Technical Associate, DRChoksey Finserv and Nitin Bhasin, Head-Institutional Equities, Ambit

first published: Jun 17, 2025 08:58 am