Indian equity indices are expected to open on a negative note following the global cues. Israel attacked Iran on Thursday night, after which major equity markets sank. The Asian indices were trading lower. The GIFT Nifty is trading 0.8% lower at 24,750. 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 Thursday, the NSE Nifty 50 closed the session 253 points or 1.01% lower at 24,888, while the BSE Sensex tanked 823 points or 1% to close at 81,692.
Key global and domestic cues to know on June 13, 2025
Israel airstrikes Iran
Israel’s defence minister, Israel Katz, announced a special state of emergency after an Israeli strike on Iran. Two U.S. officials stated that there is no involvement or support from the U.S., as reported by NBC News. Following the development, Brent futures surged more than 6% while West Texas Intermediate (WTI) crude futures rose 7%.
Asian Markets
Asia-Pacific markets fell on Friday morning as Israel launched a military strike on Iran, targeting its nuclear program. Japan’s benchmark Nikkei 225 pulled back 1.28% while the Topix lost 1.22%. South Korea’s Kospi was down .83% and the small-cap Kosdaq declined 1.82%.
US futures
The futures contracts tied to the US benchmarks fell on Thursday night after Israel launched an airstrike on Iran. Futures tied to the Dow Jones Industrial Average tanked 558 points, or 1.3%. S&P 500 futures lost around 1.5%, while Nasdaq 100 futures dropped 1.7%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, rose 0.17% to trade at 98.09 on Friday 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 0.09% to close at 85.60 to the dollar on June 13.
Crude oil
The crude oil prices saw a sharp jump after Israel struck Iran. WTI crude prices were trading at $73, up by 7.51%, while Brent crude prices were trading at $74.28, up by 7.10%. To give you context, on Thursday morning, the Brent and WTI crude oil prices were trading below $69 a barrel.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 3,831.42 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 9,393.85 crore on June 12, 2024, according to the provisional data available on the NSE.
Gold rate today
The gold price rises once again as global turmoil hits. The rate for 24-carat gold today is Rs 98,540 per 10 grams, near its lifetime high of Rs 98,630/10 gms. The rate of gold has fallen by 6.4% in the past one month. The 22 kt gold rate today is Rs 90,328 per 10 grams. The 18-carat gold price today is Rs 73,905.
Best and worst performing business groups
The Nagarjuna Group’s market capitalisation has risen the most in Thursday’s trade, gaining 4.2%. In the list of Nagarjuna Group stocks, NACL Industries surged the most, gaining 5%. Nagarjuna Group was followed by Future Group, whose market cap increased by almost 1.2%, Essel’s market cap increased by 1.16%, and others. However, the KK Birla Group’s market cap declined the most, falling 3.42%.
Sectors that surged most in Thursday’s trade
The beverage sector’s stocks dominated today’s strong market. Varun Beverages closed the day in green, gaining over 1% in today’s weak market. The list of paint sector stocks followed suit, raising the market cap by 0.13%. Further, the rubber sector followed the list, surging 0.13% in market cap.