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Stock Market LIVE: Sensex down 1,000pts, Nifty below 24,550 amid Israel-Iran war; Nifty Oil down 2%
Sensex Today | Stock Market LIVE on Friday, June 13, 2025: Around 8:50 AM, GIFT Nifty futures were trading 299 points lower at 24,638, indicating a gap-down start for the bourses.
Stock Market LIVE on Friday, June 13, 2025: Benchmark indices, Sensex and Nifty, are likely to be guided by better-than expected May inflation data, Israel's strike on Iran, softer US economic data, institutional flows, along with mixed global cues on the final trading day of the week.
That said, around 8:50 AM, GIFT Nifty futures were trading 299 points lower at 24,638, indicating a gap-down start for the bourses.
India's retail inflation eased to 2.82 per cent in May, down from 3.16 per cent in April, marking its lowest level since February 2019, when it stood at 2.57 per cent. The decline was driven by a favourable base effect, a sharp drop in vegetable prices, and the steepest fall in pulses prices in over six years—creating more space for the RBI's Monetary Policy Committee (MPC) to maintain its current policy stance.
Asia-Pacific markets traded mixed on Friday as reports of an Israeli military strike on Iran weighed on investor sentiment, even as Wall Street closed higher on encouraging US economic data.
Israel launched a preemptive strike on Iran early Friday, Defense Minister Israel Katz said, following US President Trump's warning of a possible Israeli attack on Iranian nuclear sites. Katz added that a missile and drone retaliation from Iran is expected soon. A state of emergency has been declared.
Given that, Nikkei dropped 1.16 per cent, and the Topix fell a little over 1 per cent. The Kospi declined 0.67 per cent, while ASX 200 slipped 0.17 per cent.
US stock futures edged lower in early trade, but key indexes are set to end the week in positive territory. May producer prices in the US rose just 0.1 per cent—below the 0.2 per cent forecast—boosting market confidence after a similarly soft consumer inflation report earlier this week. The data supported a drop in bond yields and lifted equities.
Overnight, Wall Street saw broad gains. The S&P 500 climbed 0.38 per cent. The Nasdaq Composite rose 0.24 per cent, while the Dow Jones gained 0.24 per cent.
FII, DII
On the institutional activity front, foreign institutional investors (FIIs) net sold shares worth ₹3,831.42 crore. On the other hand, domestic institutional investors (DIIs) bought shares worth ₹9,393.85 crore on June 12.
IPO today
Oswal Pumps IPO (Mainline), which is set to open for subscription today, has raised ₹416.20 crore from anchor investors ahead of its IPO. Aten Papers & Foam IPO (SME) will also open for subscription.
Moreover, Monolithisch India IPO (SME) will enter Day 2, while Jainik Power and Cables IPO (SME) will see its allotment.
Commodity corner
Gold prices climbed to a one-week high on Thursday, supported by escalating Middle East tensions and softer US economic data, which strengthened expectations of a potential Federal Reserve rate cut. Spot gold rose 1.1 per cent to $3,387.99 an ounce, while US gold futures surged 2.0 per cent to $3,410.70.
Crude oil prices also soared, rallying over 5 per cent after Israel launched airstrikes against Iran. US West Texas Intermediate (WTI) crude jumped 5.79 per cent to $72.04 per barrel, while global benchmark Brent crude advanced 5.58 per cent to $73.23.
9:22 AM
Stock Market LIVE Updates: Broader markets open in red
Stock Market LIVE Updates: In the broader markets, BSE Midcap fell 1.23 per cent and BSE Smallcap was down by 1.47 per cent.
9:20 AM
Stock Market LIVE Updates: All sectoral indices fall over 1 per cent
Stock Market LIVE Updates: Following the escalation in Israel-Iran conflict, all major sectoral indices including the Nifty Auto, Bank, Energy, IT, Realty, Metal, Oil & Gas and Consumer Durables were down over 1 per cent each after opening.
9:18 AM
Stock Market LIVE Updates: Nifty50 opens below 24,500
9:14 AM
Stock Market LIVE Updates: Crude oil prices rally on escalation in Israel-Iran conflict
Stock Market LIVE Updates: Crude oil benchmark WTI Crude was trading at $73.95 per barrel, up 8.69 pr cent following escalation in Israel-Iran conflict.
9:12 AM
Stock Market LIVE Updates: Gold jumps rose 2%
Stock Market LIVE Updates: Gold prices jumped over ₹1,900 or 1.9 per cent to ₹100,309 on Friday
9:09 AM
Stock Market LIVE Updates: Sensex tanks 1,262 pts, Nifty below 24,500 in pre-market
Stock Market LIVE Updates: In the pre-market session, the BSE Sensex settled at 80,429.54 levels, down 1,262.44 points or 1.55 per cent, while the Nifty50 was at 24,473, down 415.20 points or 1.67 per cent.
8:59 AM
Stock Market LIVE Updates: Views on Crude oil
Stock Market LIVE Updates: Views on Crude oil
-- Crude oil futures surged over 10 per cent to $76 per barrel, the highest in two months, as escalating tensions between Israel and Iran sparked fears of severe supply disruptions.
-- With Israel launching a pre-emptive strike and Iran vowing retaliation—including potential attacks on US bases—the threat to the Strait of Hormuz, a key global oil artery, looms large.
-- Supporting the price rally, US crude inventories fell more than expected, signaling robust demand.
-- Additionally, weaker US inflation data reinforced expectations of a Fed rate cut by September, potentially lifting future oil demand.
-- We expect crude oil prices to remain volatile in today's session.
-- Crude oil is having support at $70.40-68.50 and resistance is at $74.00-75.20 in today's session. In INR crude oil has support at ₹5,690-5,630 while resistance at ₹6,200-6,450
Views by: Rahul Kalantri, Vice president of commodities, Mehta Equities
8:56 AM
Stock Market LIVE Updates: Oswal Pumps raises ₹416 crore from anchor investors ahead of IPO
Stock Market LIVE Updates: Oswal Pumps raised ₹416.20 crore from anchor investors on Thursday, ahead of its initial public offering (IPO) that opens for public subscription on Friday. The company informed the bourses that it allocated 67.78 lakh equity shares at ₹614 per share to anchor investors.
Some of the marquee institutions that participated in the anchor tranche include Société Générale, BNP Paribas, ICICI Prudential, Aditya Birla Sun Life, Kotak Mahindra MF, Quant MF, Motilal Oswal MF, Bandhan Small Cap Fund, Nuvama MF, Sundaram MF and Edelweiss Life Insurance, among others. READ MORE
8:53 AM
Stock Market LIVE Updates: Gold price rises ₹10 to ₹99,290; silver falls ₹100, trades at ₹1,08,800
Stock Market LIVE Updates: The price of 24-carat gold rose ₹10 in early trade on Friday, with ten grams of the precious metal trading at ₹99,290 according to the GoodReturns website. The price of silver fell ₹100, with one kilogram of the precious metal selling at ₹1,08,800.
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹91,010.
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹99,290.
In Delhi, the price of ten grams of 24-carat gold stood at ₹99,440.
8:46 AM
Stock Market LIVE Updates: Iran's Revolutionary Guards chief Hossein Salami killed in Israeli strike
Stock Market LIVE Updates: Iran's Revolutionary Guards chief Hossein Salami has been killed in an Israeli attack on Iran's nuclear site, AFP reported.
An Associated Press report, citing Iranian state television, confirmed that Gen. Hossein Salami, head of the country's paramilitary Revolutionary Guard, was killed in an Israeli strike on Friday.
A news anchor read a statement saying, 'The news of the assassination and martyrdom of Gen Hossein Salami was confirmed,' without providing further details. READ MORE
8:44 AM
Stock Market LIVE Updates: Views on Gold
Stock Market LIVE Updates: Views on Gold
-- Gold prices extended their gains following Israel's airstrikes on Iran earlier today, intensifying the already fragile geopolitical landscape in the Middle East.
-- Iran has pledged to retaliate after being formally censured by the UN's nuclear watchdog.
-- Meanwhile, uncertainty surrounding the US-China trade negotiations, compounded by President Donald Trump's threat to impose unilateral tariffs within two weeks, has pushed investors toward traditional safe-haven assets.
-- Market attention will remain focused on the evolving conflict in the Middle East and any forthcoming response from China regarding the trade tensions. Any further escalation is likely to drive gold prices higher, potentially pushing them back toward previous record highs.
Views by: Aksha Kamboj, vice president, India Bullion and Jewellers Association and executive chairperson, Aspect Global Ventures
8:42 AM
Stock Market LIVE Updates: Pre-opening view
Stock Market LIVE Updates: Pre-opening view
-- On this ominous Friday the 13th, markets are gripped by caution as bearish signals intensify—despite the RBI's jumbo rate cut, banking stocks remain weak, and FIIs have sold ₹3,549 crore so far this June, contributing to continued volatility.
-- Geopolitical risks are also in play, with Trump threatening 55 per cent tariffs on China, which downplays the US deal, while WTI crude nears $72 per barrel amid US-Iran tensions.
-- Nifty's sharp sell-off signals that bears are in control, with the 25222 level remaining a major hurdle.
-- Stock-specific action saw IndiGo and SpiceJet fall over 3 per cent after an Air India crash in Ahmedabad, while Sterlite Technologies soared 11 per cent on securing a ₹2,631 crore BSNL contract, and Tanla Platforms surged 9 per cent ahead of a board meeting to consider a share buyback.
-- Zomato and Tata Motors are under bearish watch on intraday strength, with Zomato particularly vulnerable below ₹237.
Views by: Prashanth Tapse, senior VP (research), Mehta Equities
8:38 AM
Stock Market LIVE Updates: Jainik Power & Cables IPO allotment today; check status, GMP, listing date
Stock Market LIVE Updates: The basis of allotment of shares for Jainik Power and Cables is expected to be finalised today, June 13, 2025. The SME initial public offering (IPO) received a muted response from investors, with the issue being oversubscribed by only 1.59 times, according to NSE data. Once the allotment is finalised, investors can check their allotment status on the official websites of the NSE or Skyline Financial Services, the registrar of the issue. READ MORE
8:30 AM
Stock Market LIVE Updates: Consumption funds: Rate cuts to boost growth, but enter with long horizon
Stock Market LIVE Updates: In yet another move to boost consumption demand, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points on June 6, marking a total reduction of 100 bps since the beginning of the year. Lenders lowering rates in response is set to stimulate the economy. Higher consumption will drive economic growth, while also enhancing the performance of funds focused on consumption.
'Consumption funds are a good proxy to play on India's positive demography, the structural theme of rising per capita income, and low penetration levels across several consumption categories,' says Navin Matta, fund manager - equity, Mahindra Manulife Mutual Fund.
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