Market report- Markets in red as geopolitical tensions spike

The benchmark trade was lower on June 11, mainly due to rising global uncertainty. The fresh US–Iran tensions have pushed crude oil prices higher, while continued foreign investor (FII) selling and weak global cues are further pressuring sentiment. Profit booking is also adding to the decline. At 9.26 am, Sensex slipped by 0.47% or 367 points to 73,616. The Nifty dipped by 0.50% or 110 points to 23107.

Rupee Check-

Rupee opened at 95.52/$ Vs. Wednesday’s close of 95.27/$.

Global Update-

Most Asian markets declined as tensions between the US and Iran escalates.

European shares steady as investors weighs US-Iran flare-up.