Dalal Street is set for a positive start today, with early cues pointing to a firm opening. The GIFT Nifty was up 0.76% at 25,167 in early trade. Market participants will track global crude oil prices, institutional activity, and any sharp movements across specific sectors or business groups. Attention will also remain on whether the recent rally in select stocks can sustain amid ongoing geopolitical tensions and broader macroeconomic uncertainties.
In the previous trading session on June 23, Indian equity benchmarks closed in the red, dragged down by weakness in IT and auto stocks. The Sensex declined by 511.38 points, or 0.62%, to finish at 81,896.79, while the Nifty slipped 140.50 points, or 0.56%, ending the day at 24,971.90.
Key global and domestic cues to know on June 24, 2025
Iran – Israel conflict
US President Donald Trump announced that Israel and Iran have reached a tentative ceasefire agreement, expected to begin around midnight Washington time on Monday. Trump made the announcement on his social media platform, Truth Social, just days after authorising airstrikes on Iran’s nuclear sites. He referred to the recent hostilities as “THE 12 DAY WAR” and praised both nations for their efforts to halt the fighting.
Shortly after Trump’s message, Iranian media reported explosions in Tehran and other cities. Iran’s Foreign Minister Abbas Araghchi clarified that while Tehran is not looking to escalate tensions, it remains ready to respond to any further US actions. Earlier in the day, Iran launched missiles at the Al Udeid Air Base in Qatar, home to US Central Command following US. airstrikes on Iranian nuclear facilities.
Crude oil
Oil prices declined in early Tuesday trade, with Brent crude falling 1.54% to $66.16 per barrel, while WTI crude slipped 1.58% to $68.95 per barrel.
Asian markets
Asian markets opened higher on Tuesday following U.S. President Donald Trump’s announcement of a ceasefire agreement between Iran and Israel. Japan’s Nikkei 225 gained 1.59%, with the Topix index rising 1.32%. South Korea’s Kospi surged 2.09%, while the Kosdaq was up 1.71%. Australia’s S&P/ASX 200 also edged higher, trading up by 0.69%. In Hong Kong, the Hang Seng index pointed to a stronger open at 23,721.
US futures
Wall Street futures pointed to a strong start Tuesday after the announcement from US President Donald Trump that Israel and Iran had agreed to a ceasefire. Calling it the end of the “12-day war,” Trump’s statement seemed to lift market sentiment, with futures across major US indices reacting positively. The Dow Jones was over 200 points higher, while futures on the S&P 500 and Nasdaq also saw gains of around 23 and 140 points respectively.
US Market
US markets ended on a firm note Monday as tensions in the Middle East showed signs of de-escalation. The Dow Jones Industrial Average rose 374.96 points, or 0.89%, to close at 42,581.78. The S&P 500 advanced 0.96% to end at 6,025.17, while the tech-heavy Nasdaq Composite added 0.94%, finishing the day at 19,630.97.
US Dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading down at 98.21 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 0.17% to close at 86.75 to the dollar on June 23.
FII, DII data
Foreign Institutional Investors (FIIs) turned net sellers on Monday, June 23, pulling out Rs 1,874.38 crore from Indian equities, as per provisional data from the exchanges. On the other hand, Domestic Institutional Investors (DIIs) provided support to the market, making net purchases worth Rs 5,591.77 crore
Gold rate today
Gold prices slipped in early trade today. As per Goodreturns, today, 10 grams of 24-carat gold rate today is Rs 1,00,680, while 22-carat gold costs Rs 92,290. For those preferring 18-carat gold, the price is Rs 75,510 for the same weight.
Best and worst performing business groups
Among the top-performing business groups, Essel Group led the pack with a sharp 12% jump in market capitalisation. L G Balakrishnan Group followed with a 4% gain, while Indiabulls Group rose 3%. Kirloskars Group and Essar Group also posted gains of 2% each.
On the flip side, Jaypee Group saw the steepest decline, losing 2% in market value. HCL Group and Godrej Group also slipped 2% each, while Hero Group declined by a similar margin. L&T Group ended lower, down 1.6%.
Sectors that surged most in Monday’s trade
Shares from key sectors saw gains in Monday’s session. The cables sector led the charge with a 3.05% rise in market capitalisation, followed closely by the shipping sector, which added 2.57%. Defence stocks were also in focus, registering a 1.99% uptick, while the retail segment gained 1.65%.