Indian equity indices are expected to open on a negative note due to the escalation in West Asia. The Asian indices were trading mixed. The GIFT Nifty is trading 0.12% lower at 24,965. 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 Monday, the NSE Nifty 50 closed the session 228 points or 0.92% higher at 24,947, while the BSE Sensex surged 678 points or 0.84% to close at 81,796.
Key global and domestic cues to know on June 17, 2025
Israel-Iran conflict
Tensions in West Asia have escalated. According to CNN World, the Israel Defence Forces (IDF) said Iran has launched more missiles toward. The IDF statement instructed residents to enter bomb shelters and “remain there until further notice.” Sirens have sounded in several areas of northern Israel, the IDF said.
Asian Markets
Asia-Pacific markets are trading on a mixed note on Tuesday morning as investors Israel and Iran conflict to stop, as Iran signals readiness to negotiate. Japan’s benchmark Nikkei 225 added 0.21% while the Topix was muted. South Korea’s Kospi advanced 0.29% and the small-cap Kosdaq inched down 0.17%.
US futures
The futures contracts tied to the US benchmarks fell on Tuesday morning as the conflict between Israel and Iran escalated. Futures tied to the Dow Jones Industrial Average lost 149 points, or 0.35%. S&P 500 futures slipped 0.5%, while Nasdaq 100 futures dipped about 0.6%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading flat at 98.20 on Tuesday 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 appreciated 0.05% to close at 86 to the dollar on June 16.
Crude oil
The crude oil prices jumped due to tensions in West Asia yet to settle down. WTI crude prices were trading at $72.10, up by 0.46%, while Brent crude prices were trading at $73.54, up by 0.45%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 2,539.42 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 5,780.96 crore on June 16, 2024, according to the provisional data available on the NSE.
Gold rate today
The escalated tensions nudged investors towards safe-haven investments. The gold price retreated a bit from its new lifetime high, but still hovers near it. The rate for 24-carat gold today is Rs 99,960 per 10 grams. The rate of gold has risen by 3% in the past week. The 22 kt gold rate today is Rs 91,630 per 10 grams. The 18-carat gold price today is Rs 74,970.
Best and worst performing business groups
The Jaipuria Group’s market capitalisation has risen the most in Monday’s trade, gaining 5.5%. In the list of Jaipuria Group stocks, Cosmo Ferrites surged the most, gaining 11%. Jaipuria Group was followed by GMR Group, whose market cap increased by almost 3.11%, CK Birla Group’s market cap increased by 2.6%, and others. However, the Nagarjuna Group’s market cap declined the most, falling 3.4%.
Sectors that surged most in Monday’s trade
The plastic sector’s stocks dominated Monday’s bullish market. The majority of the stocks in the list of plastic stocks closed the session in the green. The list of transport sector stocks followed suit, raising the market cap by 2.13%. InterGlobe Aviation’s share price advanced 2.22%, climbing the most among the transport stocks. Further, the electronics sector followed the list, surging 2% in market cap.