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Indian shares ended off their day’s highs on Tuesday as Israel accused Iran of breaching the ceasefire, just hours after it was announced by U.S. President Donald Trump earlier.<\/p>\n
Israel vowed a forceful retaliation, accusing Tehran of violating the truce after Iran launched missiles at northern Israel. <\/p>\n
Israeli Defense Minister Israel Katz called the missiles a violation of the ceasefire and instructed Israel’s military to resume “the intense operations to attack Tehran and to destroy targets of the regime and terror infrastructure.”<\/p>\n
The benchmark 30-share BSE Sensex hit a high of 83,018 earlier before giving up much gains to end the session up 158.32 points, or 0.19 percent, at 82,055.11.<\/p>\n
The broader NSE Nifty index closed up 72.45 points, or 0.29 percent, at 25,044.35 after having surged to 25,317 earlier in the session as easing geopolitical tensions lowered risk premiums.<\/p>\n
The BSE mid-cap and small-cap indexes on the BSE rose half a percent and 0.7 percent, respectively. <\/p>\n
The market breadth was strong on the BSE, with 2,662 shares rising while 1,342 shares fell and 140 shares closed unchanged. <\/p>\n
Ambuja Cements jumped 4 percent after the company announced that it successfully commissioned a 2.4 Million Ton Per Annum (MTPA) brownfield expansion of a cement unit in Sankrail, West Bengal. <\/p>\n
Bajaj FinServ, UltraTech Cement, Kotak Mahindra Bank, Tata Steel and Adani Ports climbed 1-3 percent. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n