Indian benchmark indices logged a sharp dip on Friday, with the BSE Sensex closing at 81,118.60, down 573 points (−0.70%), and the Nifty 50 settling at 24,718.60, shedding 169.6 points (−0.68%). All 13 sectoral indices ended in the red, dragged down largely by PSU banks and FMCG, both off by over 1% .
Markets responded sharply to Israel’s strikes on Iranian nuclear and military targets in the early hours of 13 June, which triggered fears of supply disruptions. Brent crude jumped to the $73-75/barrel range-up approximately 8-10%, while WTI similarly climbed to around $73-74. The spike intensified broad risk aversion, with investors piling into gold, the dollar, and other safe‑haven assets.
The oil & gas pack was among the weakest-shares of BPCL, HPCL, IOC slid 3.5%, and the oil & gas index plunged roughly 1.3-1.5%. Aviation felt the strain from surging crude plus the impact of Thursday’s Air India crash, with InterGlobe Aviation and SpiceJet down about 4-6%. PSU banks and FMCG also faced profit-booking, leading the losses across sectors.
Not all sectors saw red defence stocks rallied, with names such as Bharat Forge, Bharat Dynamics, Ideaforge, and Hindustan Aeronautics climbing between 8% and 20%, lifted by viewers anticipating heightened government outlays. Oil upstream also held up-ONGC gained 1.28% on the Brent rise .
The Rupee weakened, briefly touching around ₹86.15- ₹86.20 to the US dollar, prompting RBI intervention with dollar sales to dampen the fall . Meanwhile, bond yields rose, with the 10‑year government benchmark touching 6.3192%, a five‑week peak, triggered by rising crude and investor caution.
Global equity markets mirrored India’s slide-European benchmarks fell over 1%, ASX dropped ~0.2‑0.3%, and US futures were down between 1-1.8%. Capital rotated to traditional safe havens: gold rose 1-1.5%, dollar and Swiss franc strengthened.
Rent in geopolitical tensions and volatile oil prices will likely dominate trade in the near term. Unless the conflict escalates or de-escalates swiftly, volatility may persist. Defensive plays in defence, selective oil upstream, and commodity hedges like gold may remain in favour.
In summary, Friday’s sell‑off was a classic “risk‑off” response to geopolitics and energy inflation-not superstition tied to date or expiry. What matters ahead is how the Israel‑Iran theatre, oil trajectory and domestic institutional flows shape the next trading sessions.
The Indian stock market saw a steep drop by midday. As of 12.35
pm , the Sensex is trading at 81,074.51, dropping over 619.98 points and the Nifty 50 is trading at 24,696.30, below the 24,700 mark declining by 192.45 points. This downturn reflects a broad-based selloff, as all 13 sectoral indices traded in the red. The India VIX, a measure of market volatility, spiked significantly, highlighting heightened nervousness among investors.
Rising geopolitical tensions in the Middle East, especially after Israel’s air strikes on Iran, triggered global risk-off sentiment. This led to a sharp rise in crude oil prices by $5.52 to $74.88 per barrel, adding pressure on Indian markets.
Nifty MidCap and SmallCap indices also declined, with all major sectors including auto at 23,179.45, IT at 36,956.30 , and oil & gas at 35,918.35 trading lower. Few stocks managed gains amid the overall downtrend.
Investor sentiment remains cautious amid global uncertainties. Foreign investors sold shares, while domestic investors offered limited support, resulting in significant market losses by mid-day.
BEL
BEL (Bharat Electronics Ltd) gained today , as defence stocks outperformed in a weak broader market due to escalating geopolitical tensions (notably Israel-Iran), which boosted investor interest in the sector and led the Nifty India Defence index to rise even as the Nifty 50 declined. BEL's strong order book, consistent financial performance, and positive outlook from brokerages have further supported the stock's momentum
ONGC
ONGC is gaining due to a sharp rise in global crude oil prices driven by escalating geopolitical tensions in the Middle East, which improves earnings prospects for upstream oil producers like ONGC.
Tech mahindra
Tech Mahindra (TECHM) positive technical signals like a bullish MACD crossover and strong recent momentum, supported by consistent financial performance and investor optimism in the IT sector.
Apollo Hospital
Apollo Hospitals is gaining positive technical signals like recent moving average crossovers and strong investor interest following steady financial performance and momentum in the healthcare sector.
Wipro
Wipro is gaining due to sustained momentum in the IT sector and positive price action supported by recent moving average crossovers and steady trading volumes.
Adani ports
Adani Ports is seeing selling pressure today as it goes ex-dividend, causing a price adjustment, while overall market sentiment remains cautious.
Shriram finance
Shriram Finance is experiencing selling pressure , as part of a broader market decline with benchmark indices falling sharply due to weak global cues and cautious investor sentiment.
Bajaj Finance Service
Bajaj Finance is experiencing selling pressure as the stock price adjusts for the upcoming stock split and bonus issue, with today being the cut-off date for shareholders to qualify for these corporate actions.
SBIN
State Bank of India (SBIN) is facing selling pressure as part of a broad market decline triggered by global risk-off sentiment and geopolitical tensions, leading to widespread declines across all major indices and sectors.
Bajaj Auto
Bajaj Auto is experiencing selling pressure as part of a broad market decline affecting auto and other sectors, with technical indicators showing downward momentum following recent moving average crossovers.
The Nifty 50 index opened at 24,473.00, deep below the previous close of 24,888.20, reflecting fearful sentiment amid global uncertainties. The index traded between a low of 24,473.00 and a high of 24,621.20 in the early session, with a notable decline of 1.15% as the day progressed.
The Sensex mirrored this cautious trend, opening on a weak note. Both indices faced selling pressure from the outset, with all sectoral indices in the red, influenced by global risk-off sentiment and fresh trade concerns
As of 9:42 AM, the Sensex was trading low at 80,722.59, falling 1.19%, while the Nifty is down 1.04% and trading at 24628.45.
Global markets are sharply lower today, as geopolitical tensions escalate following Israel’s military strikes on Iran, triggering a broad sell-off across equities and a flight to safer assets. Asian markets opened in the red, with Japan’s Nikkei 225 down over 1.1%, South Korea’s Kospi falling nearly 1%, and Australia’s ASX 200 slipping 0.17%. The MSCI Asia ex-Japan index also dropped, reflecting widespread risk aversion
US futures tumbled, with Dow Futures plunging over 600 points, while Brent crude oil prices surged more than 7% on fears of supply disruptions from the Middle East. Despite this, Wall Street closed higher in the previous session, buoyed by softer inflation data and strong tech earnings, but the overnight escalation in West Asia has reversed sentiment
Gold prices surged as global investors sought safe-haven assets amid heightened geopolitical tensions and a weakening US dollar. In the international market, gold futures traded at $3,450.20 per ounce, up 1.4% for the day, with intraday highs touching $3,466.90. Spot gold hovered around $3,386.31 per ounce in early trading. In India, gold prices also reflected this upward trend, with 24 karat gold quoted at ₹9,928 per gram and 22 karat at ₹9,100 per gram across major cities including Mumbai, Delhi, Chennai, and Bangalore.
Oil prices experienced a sharp rally as well, driven by escalating Middle East tensions and concerns over potential supply disruptions. West Texas Intermediate (WTI) crude traded near $72 per barrel, while Brent crude futures approached the $77 per barrel mark, both up more than 9% on the day. The surge in oil prices was primarily attributed to the Israel-Iran conflict, which has heightened fears of broader instability in the region and possible impacts on global oil supply chains.
The US dollar weakened, with the Dollar Index falling to around 98.5, its lowest since early 2022. The decline was driven by expectations of Fed rate cuts and easing trade tensions. The euro rose to $1.1525, and USD/INR touched 85.43, reflecting broad dollar softness amid global uncertainties.
Torrent Power: Torrent Green Energy, a Torrent Power subsidiary, won a 300 MW wind energy project from SECI. It will be commissioned within 24 months, with an estimated investment of ₹2,650 crore.
NTPC: NTPC completed the trial run of Unit-3 (660 MW) at the Barh Super Thermal Power Project. Its total installed capacity now stands at 60,926 MW (standalone) and 82,028 MW (group level).
HCL Technologies: HCL Tech was selected as a strategic engineering partner by Volvo Cars. The partnership will leverage its Gothenburg Centre of Excellence and global delivery network.
ICICI Bank: RBI approved the reappointment of Rakesh Jha as ICICI Bank's Executive Director. His two-year term will begin on September 2, 2025.
Canara Bank: The board approved a capital raise of up to ₹9,500 crore. The funds will be raised through bonds in FY 2025–26.
Reliance Industries: Reliance, via Siddhant Commercials, sold 3.5 crore Asian Paints shares at ₹2,201 each. Post-sale, it retains 87 lakh shares.
DCM Shriram: The board is considering acquiring a 100% stake in Hindusthan Specialty Chemicals. This move could strengthen its specialty chemical portfolio.
Genus Power: GIC’s Chiswick Investment Pte. initiated a block deal to sell a 3.6% stake. It may expand the deal to offload up to 5.88% total.
Crompton Greaves: Won a Maharashtra govt contract to supply 4,500 off-grid solar water pumping systems. The project is under the state energy department’s initiative.
SEPC: Bagged a ₹650 crore solar EPC project from Parmeshi Urja Ltd under PM-KUSUM. The 133 MW project spans four districts in Maharashtra.
Talbros Automotive: Secured ₹580 crore worth of multi-year orders across EV, export, and domestic segments. ₹260 crore is from sealing and ₹290 crore from JV chassis orders.
Sasken Technologies: Announced a tie-up with Microsoft MDEP. The partnership will offer advanced engineering solutions to OEMs.
Schneider Electric Infra: Received a revised tax notice reducing its liability to ₹3.05 crore. The financial impact is minimal due to tax reclassification.
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