Indian Stock Market Outlook for Next Week Amid the US-Iran Peace Agreement

Indian Stock Market: India's benchmark indices, the Sensex and Nifty 50, snapped their five-session winning streak on Friday, June 20, as a sharp sell-off in information technology stocks weighed heavily on market sentiment following Accenture’s revised revenue growth guidance. Weak global market trends, renewed foreign institutional investor (FII) selling, and lingering geopolitical concerns also contributed to the decline. The Sensex fell 607 points, or 0.78%, to close at 76,802.90, while the Nifty 50 shed 154.90 points, or 0.64%, ending the session at 24,013.10. During intraday trading, the Sensex tumbled more than 900 points, slipping below the 76,500 level, while the Nifty 50 dropped over 200 points, breaching the 23,950 mark. The correction followed a strong rally in benchmark indices, which had gained nearly 5% over the previous five trading sessions. With the recent US-Iran peace agreement easing geopolitical tensions, market participants will closely monitor global cues, FII activity, and corporate developments to gauge the likely direction of the Sensex and Nifty 50 in the coming week. Investment in securities market are subject to market risks. Read all the related documents carefully before investing