Silver hits record high at Rs 1,07,425 lakh/kg, taking 2025 gains to Rs 20,200
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Print
11 minutes ago
- The Print
Stock markets close lower amid escalation in Israel-Iran conflict, US tariff scare
The 50-share NSE Nifty dropped 93.10 points or 0.37 per cent to 24,853.40. The 30-share BSE Sensex declined 212.85 points or 0.26 per cent to settle at 81,583.30. During the day, it dropped 369.14 points or 0.45 per cent to 81,427.01. Mumbai, Jun 17 (PTI) Benchmark Sensex dropped by 212 points on Tuesday due to profit-taking in metal, oil & gas and pharma shares as investors turned cautious due to increased tensions in the Middle East. Investors preferred to stay on the sidelines due to rising global crude oil prices and the upcoming US Fed interest rate decision later this week, according to experts. Pharma shares also came under pressure after reports stated that US President Donald Trump has warned that tariffs on pharmaceuticals and semiconductor products would be announced shortly. Sun Pharma emerged as the biggest loser among Sensex shares, dropping by 2.18 per cent. Eternal, Tata Motors, Bajaj Finance, IndusInd Bank and Bajaj Finserv were also among the laggards. In contrast, Tech Mahindra, Infosys, Asian Paints and Maruti were among the gainers. 'The benchmark equity index experienced moderate losses amid rising risk of an escalation of conflicts in the Middle East. This uncertainty pushed Brent crude prices higher — an unfavourable development for India, given its heavy reliance on oil imports, thereby dampening earnings growth,' Vinod Nair, Head of Research, Geojit Investments Limited, said. Israel appeared to be expanding its air campaign on Tehran as US President Donald Trump posted an ominous message warning residents of the capital to evacuate. The BSE smallcap gauge dropped 0.67 per cent and midcap index declined 0.56 per cent. Among BSE sectoral indices, metal went lower by 1.29 per cent, services (1.09 per cent), oil & gas (0.92 per cent), commodities (0.86 per cent), energy (0.73 per cent), consumer discretionary (0.64 per cent) and realty (0.64 per cent). IT, teck and BSE Focused IT were the gainers. Among Nifty sectoral indices, Nifty Pharma dropped the most by 1.89 per cent. Granules India, Lupin, Natco Pharma, Laurus Labs and Aurobindo Pharma were major losers. Market breadth was negative on BSE as 2,483 stocks declined while 1,496 advanced and 139 remained unchanged. In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory, while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower. European markets were trading lower in mid-session deals. US markets ended higher on Monday. Global oil benchmark Brent crude jumped 1.69 per cent to USD 74.47 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,539.42 crore on Monday, according to exchange data, while Domestic Institutional Investors (DIIs) bought equities worth Rs 5,780.96 crore. On Monday, the 30-share BSE Sensex jumped 677.55 points or 0.84 per cent to settle at 81,796.15. The Nifty climbed 227.90 points or 0.92 per cent to 24,946.50. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
12 minutes ago
- Economic Times
Rupee hits two-month low amid rising crude oil prices
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Economic Times
12 minutes ago
- Economic Times
Nifty faces resistance at 25,000 mark amid geopolitical tensions
Earlier this year, Nifty crossed 25,000 for the first time in seven months on May 15, after Donald Trump claimed that India had offered to drop all tariffs on US imports. The Nifty benchmark faces a significant hurdle at the 25,000 mark in 2025, struggling to maintain levels above it amid geopolitical tensions and a lack of positive catalysts. Analysts observe profit booking and heavy call writing around this level, indicating resistance to further upward movement. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: The 25,000 mark is turning out to be a key hurdle for the benchmark Nifty . In 2025, the index has failed to stay above this psychologically important level for more than four straight trading sessions, while it has closed above it seven times in this year, according to ETIG with geopolitical uncertainty heightening of late, and a lack of positive triggers, analysts see the 25,000-mark remaining a resistance against big market moves in the near highest closing for the Nifty in 2025 so far has been at 25,141 on June 11. The index closed at 24,853 on Tuesday, down 93.1 points, or 0.4%, over the previous trading session with no end in sight to the conflict between Iran and Israel."Market sentiment remains uncertain amid the ongoing Iran-Israel conflict, limiting Nifty's ability to sustain levels above 25,000," said Shrikant Chouhan, head of equity research at Kotak Securities. "Valuations in India are now stretched, with most positive factors such as RBI rate cuts, a good monsoon and strong macro indicators already priced in."Chouhan said investors are booking profits at higher levels, capping the upside for the are build derivative positions around 25,000, betting that the index will not surge past the 25,000 Palviya, head of technical and derivatives research at Axis Securities, said the 25,000 level has emerged as a strong resistance zone due to heavy call writing . When a trader writes (or sells) a call option at a particular strike (25,000 in this case), it's an indication she does not expect the index to cross that level."For the fifth consecutive week, the index has failed to sustain above this level, with fresh call writing now emerging even at 24,900," he said. "A potential ceasefire in the Iran-Israel conflict remains the key near-term trigger for any meaningful upside."Earlier this year, Nifty crossed 25,000 for the first time in seven months on May 15, after Donald Trump claimed that India had offered to drop all tariffs on US Jain, vice-president at Motilal Oswal Financial Services , said the Nifty has traded within a broad range in the last couple of days, with 24,500-24,450 being crucial support, where dips are getting bought into."On the higher side, 25,000-25,200 has been acting as a resistance as it is the previous swing high resistance zone also seen during mid-October 2024," he said. "This consolidation in a broad range seems to be a time-wise corrective phase post the recent run-up in the last couple of months."
