Indian equity indices are expected to open on a positive note despite the escalation in West Asia. The Asian indices were trading higher. The GIFT Nifty is trading 0.15% higher at 24,776. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most, sectoral performance, etc.
Earlier on Friday, the NSE Nifty 50 closed the session 170 points or 0.68% lower at 24,718, while the BSE Sensex tanked 573 points or 0.70% to close at 81,118.
Key global and domestic cues to know on June 16, 2025
Israel-Iran conflict
Israel launched a fresh series of strikes against Iran on Monday, hitting missile facilities after Tehran executed deadly overnight assaults, with both parties warning of further destruction. Red alert sirens began to sound in several areas of Israel, including Tel Aviv and Jerusalem, with the IDF warning its defence was “not hermetic.”
Asian Markets
Asia-Pacific markets rose on Monday morning as investors assessed the conflict between Israel and Iran. Japan’s benchmark Nikkei 225 added 0.87% while the Topix surged 0.92%. South Korea’s Kospi advanced 0.55% and the small-cap Kosdaq climbed 0.31%. Also, investors will assess key output data from China. In May, China’s industrial output was up 5.8% YoY against the estimation of a 6% increase, while the retail sales were up 6.4% YoY compared to expectations of 4.9%.
US futures
The futures contracts tied to the US benchmarks rose on Monday morning as the escalating conflict between Israel and Iran spiked oil prices. Futures tied to the Dow Jones Industrial Average surged 9 points, or 0.02%. S&P 500 futures added 0.14%, while Nasdaq 100 futures rose 0.19%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading flat at 98.27 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.55% to close at 86 to the dollar on June 13.
Crude oil
The crude oil prices jumped after Iran struck Israel. WTI crude prices were trading at $73.71, up by 1%, while Brent crude prices were trading at $74.88, up by 0.95%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 1,263.52 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 3,041.44 crore on June 16, 2024, according to the provisional data available on the NSE.
Gold rate today
The escalated tensions moved investors towards safe-haven investments. The gold price rises to its new lifetime high once again as global turmoil hits. The rate for 24-carat gold today is Rs 100,480 per 10 grams. The rate of gold has risen by 3.3% in the past week. The 22 kt gold rate today is Rs 92,107 per 10 grams. The 18-carat gold price today is Rs 75,360.
Best and worst performing business groups
The Nagarjuna Group’s market capitalisation has risen the most in Friday’s trade, gaining 3.4%. In the list of Nagarjuna Group stocks, NACL Industries surged the most, gaining 4.44%. Nagarjuna Group was followed by IIFL Group, whose market cap increased by almost 2.86%, Max India Group’s market cap increased by 2.36%, and others. However, the Anil Ambani Group’s market cap declined the most, falling 3.3%.
Sectors that surged most in Friday’s trade
The agriculture sector’s stocks dominated Friday’s weak market. Majority of the stocks in the list of agriculture stocks closed the session in the green. The list of defence sector stocks followed suit, raising the market cap by 1.37%. Further, the plastic sector followed the list, surging 1.31% in market cap.