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Stock Market LIVE: GIFT Nifty signals higher start; Asia up; India May WPI, Israel-Iran war in focus
Sensex Today | Stock Market LIVE on Monday, June 16, 2025: At 6:32 AM, GIFT Nifty futures were trading 44 points higher at 24,771, indicating a positive start for the bourses.
7:16 AM
Stock Market LIVE Updates: Ramco Cements, Max Healthcare among top buy recommendations by Angel One
Stock Market LIVE Updates: Angel One Stock Recommendations:
NSE Scrip – Max Health
View - Bullish
Last Close – ₹1,233
Max Healthcare share price had been consolidating in a tight range since December. Last week, it broke out of a 6-month consolidation pattern, posting its strongest weekly close and entering an uncharted territory. The breakout in Max Health shares is backed by strong volumes and a bullish candle. With momentum picking up as indicated by RSI oscillator, we expect the uptrend to continue and suggest a buy for the near term.
We recommend to Buy Max Health stock around ₹1,233 - 1,225 | Stop loss: ₹1,189 | Share price target: ₹1,310. MORE DETAILS HERE
7:13 AM
Stock Market LIVE Updates: Analysts see crude at $150 on panic buying if Israel-Iran tensions escalate
Stock Market LIVE Updates: Brent crude oil prices can touch $150 a barrel (bbl) — up a whopping 103 per cent from the current levels — in the worst-case scenario if the Israel–Iran geopolitical tensions escalate, suggest analysts.
However, if the conflict is contained, then the energy markets will readjust quickly.
Last week, Israeli air strikes on Iran had impacted energy rates with crude and natural gas prices surging as it reignited concerns about a wider conflict in West Asia.
Brent crude oil prices hit $78.5/bbl in the wake of the air strikes before dropping to around $75/bbl. READ MORE
7:12 AM
Stock Market LIVE Updates: Israel-Iran conflict: Gold prices may hit $4,000 per ounce in India
Stock Market LIVE Updates: Gold prices in India's futures market crossed the ₹1 lakh per 10 grams for the first time, with MCX futures settling at ₹1,00,276 last week as Israel-Iran tensions escalated to bombardments. In international markets, spot gold ended at $3,432 per ounce —another significant level in a year already shaped by economic and geopolitical headwinds.
In Mumbai's Zaveri Bazar, pure gold closed at ₹99,058 per 10 grams on Friday. At these elevated levels, demand appears to be ebbing. 'At this price, demand has dried up,' said Chirag Sheth, principal consultant at Metal Focus, the London-headquartered precious metals consultancy. Prices are currently quoted at a discount of $40 per ounce (₹1,120 per 10 grams) to the landed cost of imports. READ MORE
7:09 AM
Stock Market LIVE Updates: US markets end lower on Friday
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Business Standard
32 minutes ago
- Business Standard
Higher crude oil prices, production gains positive for upstream players
Even if Iranian production is curtailed, the OPEC+ decision to ramp up production implies other supply would compensate Devangshu Datta Listen to This Article Brent crude oil prices have spiked 7 per cent (to $74 per barrel) after the war began between Israel and Iran. Iran's oil production is 3.5 million barrels per day (mmbpd) with around 2.5 mmbpd of exports. And, China is the buyer of over 80 per cent of this. The Israeli assault targeted Iranian infrastructure. There is also some chance of disruption of shipping via the Straits of Hormuz, which is a choke point for 20 per cent of global oil and gas traffic. It includes exports from Saudi Arabia, Iraq, Iran, UAE, Kuwait and Qatar. Even if Iranian production
Time of India
33 minutes ago
- Time of India
India's May trade gap narrows, exports dip 2.2%
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: India's goods exports declined 2.17% on-year to $38.73 billion in May while trade deficit narrowed to $21.88 billion in the month from $26.4 billion in April and $22.09 billion a year ago, official data released Monday declined 1.7% to $60.61 billion in May. Gold imports fell 12.6% in the month."Despite global policy uncertainty regarding trade and conflicts which are going on, we have done extremely well," said commerce secretary Sunil Barthwal, adding that there was a sustained fall in petrol prices which has had a dampening impact on to the US rose 16.9% in May and among sectors, electronic goods, inorganic and organic chemicals, pharma, ready-made garments, drove outbound added that India will continue with the policy of focussing on six key sectors that make up 75% of global imports. "Despite the negative forecast of WTO, India is doing much are some conflicts we are watching from the perspective of trade," he May, 13 of the 30 key sectors registered a decline in exports."The latest trade figures reflect the robust performance of India's services sector, which continues to act as a buffer against the challenges of muted global demand, geopolitical tensions, and high interest rates," said S C Ralhan, president, Federation of Indian Export Organisations (FIEO).Barthwal said both diplomatic and commercial discussions are going on with China to address issues related to Beijing's export curbs on rare earth magnets, mainly used in the auto restrictions on the export of rare earth elements and related magnets are affecting the domestic auto and white goods sectors."We are making all the efforts to see that these essential items of imports can come to India... this diplomatic and commercial communication should yield a positive result," Barthwal automobile industry has sought government support in expediting approvals from the Chinese government to import rare earth magnets used in various applications including passenger cars. "These curbs are against all the countries and are not against India only," Barthwal said, adding that the government is in talks with both the Society of Indian Automobile Manufacturers (SIAM) and the Automotive Component Manufacturers Association of India (ACMA)."We are facilitating them to have discussions with their counterparts in China and at the diplomatic level the external affairs ministry and the department of commerce also have spoken to our ambassador over there," he said the government was closely monitoring the situation arising from the Iran-Israel conflict, and a meeting with shipping lines, container firms, and other stakeholders will be held this week to assess the impact on the country overseas trade and address any issue."We are watching the situation. We are also calling a meeting (this week) of all shipping lines, the container organisations and concerned departments, and stakeholders to understand the kind of issues they are facing and how we can sort it out," he said.
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Business Standard
42 minutes ago
- Business Standard
Markets snap two-day losing streak, shrug off Israel-Iran conflict
Snapping their two-day losing streak, benchmark indices rose on Monday, driven by gains in banking and technology heavyweights, shrugging off the Iran-Israel conflict. Continued buying by domestic institutional investors (DIIs) also helped underpin gains. Most global markets also ended positive, stoking concerns that traders may be undermining the implications of West Asia tensions. The BSE Sensex closed the session at 81,796, up 678 points or 0.8 per cent, while the NSE Nifty rose to 24,947, gaining 228 points or 0.9 per cent. The total market capitalisation of BSE-listed firms increased by ₹3.3 trillion, reaching ₹451 trillion. DIIs were net buyers of equities worth ₹5,781 crore, while foreign institutional investors (FIIs) sold shares worth ₹2,539 crore. DIIs have been net buyers for 20 consecutive sessions, purchasing shares worth ₹94,500 crore. This marks the longest buying spree since the 29-day period of continuous buying that ended on March 19. HDFC Bank, which rose 0.9 per cent, was the biggest contributor to the Sensex, followed by Infosys, which gained 1.4 per cent. HDFC Bank's stocks rose after Jefferies named the private lender its top pick in a report, citing benefits from easing regulations, lower interest rates, and improved credit growth. The gains were partly attributed to a "buying the dip" strategy, as the stock had declined over 3 per cent the previous week. Despite ongoing attacks between Iran and Israel, crude oil prices stabilised as oil production facilities remained unaffected. The conflict has not yet led to the blockade of the Strait of Hormuz, which handles approximately one-fifth of the world's daily crude shipments. Brent crude was trading below $74, down 1.9 per cent. Gold prices declined by 0.5 per cent, trading at $3,413 per ounce. Analysts expect investors to continue their "buying the dip" approach as long as the conflict does not escalate further and other countries remain uninvolved. "Despite ongoing geopolitical tensions between Israel and Iran, the market moved higher, supported by gains in largecap stocks. Investors maintained their focus on long-term fundamentals amid volatile conditions. Geopolitical developments in West Asia are likely to influence near-term market sentiment, with any signs of de-escalation being closely monitored. Smallcap stocks are expected to underperform in the short term, given their elevated valuations and lack of short-term catalysts," said Vinod Nair, Head of Research at Geojit Financial Services. The market breadth was weak, with 2,151 stocks declining and 1,944 advancing. All but three Sensex stocks gained. Reliance Industries rose 0.76 per cent, and Bharti Airtel gained 1.04 per cent, contributing significantly to Sensex's gains. Tata Motors fell 3.8 per cent — most among Sensex and Nifty components -- after projecting financial year 2026 operating margins of 5 per cent-7 per cent for its luxury unit JLR, below its earlier target of 10 per cent. "The market's resilience amid lingering geopolitical tensions is encouraging. However, participants should remain cautious and not get carried away by a single-day rebound, especially as the index approaches the upper band of its current consolidation range, i.e., the 25,000–25,200 zone. We recommend maintaining a stock-specific trading approach, given the mixed trends across sectors, with a preference for relatively less volatile counters," said Ajit Mishra, SVP of Research at Religare Broking.
