Markets closed sharply decrease on Monday as US airstrikes on three Iranian nuclear services over the weekend despatched shockwaves by way of world markets, with the Sensex plunging 511.38 factors or 0.62 per cent to 81,896.79 and the Nifty 50 declining 140.50 factors or 0.56 per cent to 24,971.90.
The dramatic escalation in Center East tensions started after america carried out army strikes on Iranian nuclear-related websites at Fordow, Natanz, and Isfahan, elevating fears of broader battle and provide disruptions.
“The entry of the US into the Israel-Iran battle heightened rigidity as panic promoting by traders triggered main correction in early trades,” stated Prashanth Tapse, Senior VP (Analysis), Mehta Equities Ltd.
Markets opened on a weak observe with the Sensex beginning at 81,704.07 towards its earlier shut of 82,408.17, whereas the Nifty opened at 24,939.75 in comparison with the earlier shut of 25,112.40. Nonetheless, indices staged a outstanding restoration through the session, with the Nifty touching an intraday excessive of 25,057 after hitting a low of 24,824.
“The Nifty recovered considerably after a gap-down opening amid weak geopolitical sentiment. A pullback in crude oil costs helped the Indian market pare a few of its morning losses, though it nonetheless ended on a damaging observe,” famous Rupak De, Senior Technical Analyst at LKP Securities.
Sectoral efficiency was combined, with IT and auto indexes bearing the brunt of promoting stress whereas the Nifty media index surged 4 per cent. IT shares got here underneath explicit stress following uncertainty round world tech spending, exacerbated by weak earnings reported by Accenture.
Amongst particular person shares, Infosys led the losers, falling 2.35 per cent to 1,584.70, adopted by HCL Applied sciences which dropped 2.30 per cent to 1,699.90, Larsen & Toubro declining 2.27 per cent to three,579.00, Hero MotoCorp falling 2.10 per cent to 4,247.20, and Mahindra & Mahindra sliding 1.52 per cent to three,136.00.
On the constructive facet, Trent emerged as the highest gainer, surging 3.57 per cent to six,108.00, adopted by Bharat Electronics Restricted (BEL) which jumped 3.22 per cent to 421.40, hitting a 52-week excessive. Hindalco gained 1.98 per cent to 662.00, Tata Shopper Merchandise rose 0.96 per cent to 1,110.80, and Bajaj Finance climbed 0.88 per cent to 913.00.
The broader market confirmed resilience amid the volatility. “The broader indices managed to inch greater amid uneven commerce, gaining between 0.3 per cent and 0.7 per cent,” stated Ajit Mishra, SVP Analysis, Religare Broking Ltd. The Nifty Midcap 100 gained 0.36 per cent whereas the Nifty Smallcap 100 superior 0.70 per cent.
Market breadth remained damaging with 2,204 shares declining towards 1,854 advances on the BSE, whereas 182 remained unchanged. A complete of 103 shares hit 52-week highs whereas 85 touched 52-week lows.
The rupee additionally got here underneath stress, weakening 0.11 per cent to 86.75 towards the US greenback. “Rupee traded weak by 0.11 at 86.75 because the greenback index appreciated towards the 99 mark, indicating broader forex market imbalances,” stated Jateen Trivedi, VP Analysis Analyst at LKP Securities.
Commodity markets mirrored the geopolitical tensions with gold buying and selling positively between $3,350-$3,380 in Comex. “Gold traded in a constructive vary between $3350–$3380 in Comex as US airstrikes on Iranian nuclear websites heightened geopolitical dangers,” Trivedi famous. Within the home market, gold held agency above ₹98,000 with resistance seen round ₹99,500–₹99,750.
Crude oil costs skilled sharp volatility, with Brent crude briefly surging 5.7 per cent to $81.40 per barrel earlier than retreating to round $78 as bodily oil flows remained undisturbed. “The scenario escalated notably after the U.S. joined Israel in hanging Iranian nuclear services, resulting in fears of provide disruptions, significantly in regards to the strategic Strait of Hormuz,” stated Nirpendra Yadav, Sr. Commodity Analysis Analyst at Bonanza.
Regardless of the damaging sentiment, overseas institutional traders turned consumers, buying native shares value over ₹10,000 crore previously 4 classes. “FIIs turning out consumers of native shares value over ₹10,000 crore previously 4 classes exhibits that India’s robust fundamentals proceed to draw foreigners regardless of world uncertainty,” Tapse added.
Wanting forward, market contributors anticipate continued volatility. “Volatility is anticipated to persist as geopolitical developments proceed to steer market sentiment,” stated Vikram Kasat, Head – Advisory, PL Capital. “Going ahead, index to take care of constructive bias and regularly head in the direction of 25,200–25,250 ranges within the coming classes being the higher band of the final 5 weeks consolidation vary,” famous analysts at Bajaj Broking, including that instant bias stays constructive above 24,700-24,800 ranges.
Printed on June 23, 2025