Nifty day outlook 18 Jun 2025

Nifty day outlook 18 Jun 2025

Nifty could be volatile today from the CMP of 24819. It has a good support at around 24775 and resistance could be at around 24500.

Sensex, Nifty, Share Prices LIVE: Markets opened with cautious optimism on Wednesday morning. Sensex and Nifty opened slightly lower but quickly rebounded into positive territory. The Sensex, which closed at 81,583.30 in the previous session, opened at 81,314.62 and is currently trading at 81,761.49, up 178.19 points or 0.22 per cent at 9.35 am. Similarly, the Nifty opened at 24,788.35 against its previous close of 24,853.40 and has risen to 24,922.50, gaining 69.10 points or 0.28 per cent despite heightened geopolitical tensions in the Middle East and ahead of the US Federal Reserve’s policy announcement.

Global Markets and Israel-Iran war

Caution deepened after US President Donald Trump cut short his G7 visit amid the escalating Middle East crisis, urging Iranians to evacuate Tehran immediately. Media reports of possible US tariffs on pharma imports are likely to keep Indian pharma stocks under pressure.

Meanwhile, IT stocks may see renewed interest ahead of the US Fed meeting scheduled for June 18. Going forward, market direction will be guided by global cues, with volatility expected around key central bank announcements as well as geopolitical developments.