Iran, Israel
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The ripple effect of the back-to-back strikes between Israel and Iran were seen in the U.S. stock market on Friday. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Israel launched a series of airstrikes across Iran early Friday, targeting critical nuclear facilities in Iran.
The bulls would first look to continue defending the May 22 swing low and the recent developments have put the Nifty back in that 24,500 - 25,200 range which has failed to breakout of, despite the Nifty Bank hitting new highs in the process.
Oil prices rose by 7% on Friday, as Israel and Iran traded strikes, and investors will be watching closely to see how prices react when markets open later
U.S. stocks were sharply down Friday, after Israel launched strikes on Iran's nuclear sites. But major benchmarks were off their morning lows.