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Stock Market LIVE: GIFT Nifty hints at gap-up open; Asian market flat; Israel-Iran conflict in focus

Sensex Today | Stock Market LIVE on Wednesday, June 25, 2025: Around 6:35 AM, GIFT Nifty futures were trading 96 points higher at 25,168, indicating a near gap-up start for the bourses. 7:06 AM Stock Market LIVE Updates: SIP closures reveal divergent trends among B30 direct, regular investors Stock Market LIVE Updates: The systematic investment plan (SIP) data for the first five months of 2025 highlights distinct investor behaviour based on location and investment mode. In smaller towns and rural areas, referred to as B-30 in mutual fund (MF) terminology, SIP closures in direct plans were 2.6 times higher than in regular plans, despite the latter having a larger account base. MFs offer two variants: direct plans, which are commission-free and accessed through online platforms, and regular plans, which include commissions and are sold by banks or distributors. At the end of May, there were 19.5 million B-30 direct plan accounts, down 19 per cent compared to 24.1 million accounts at the end of December 2024. In the same period, regular plan B-30 accounts declined just 6 per cent to 30.3 million. READ MORE 7:02 AM Stock Market LIVE Updates: Powell emphasizes Fed's obligation to prevent 'ongoing inflation problem' Stock Market LIVE Updates: Federal Reserve Chair Jerome Powell on Tuesday emphasised the central bank's commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices. In remarks to be delivered to two congressional committees this week, Powell characterised economic growth as strong and the labor market to be around full employment. However, he noted that inflation is still above the Fed's 2 per cent target, with the impact that President Donald Trump's tariffs will have still unclear. 'Policy changes continue to evolve, and their effects on the economy remain uncertain,' Powell said. 'The effects of tariffs will depend, among other things, on their ultimate level.' Repeating what has become familiar language from the Fed chief, Powell said policymakers are 'well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.' Source: CNBC 7:01 AM Stock Market LIVE Updates: China doubles down on promoting yuan as confidence in U.S. dollar takes a beating Stock Market LIVE Updates: China is devising more ways for foreign institutions to use the yuan, as international confidence in the US dollar falters. The moves aim at challenging the greenback, experts said, even as the US dollar remains by far the world's predominant currency. The timing is favourable as the US dollar index has tumbled more than 9 per cent this year — while the offshore yuan has strengthened more than 2 per cent against the dollar. In a sign of growing resolve in Beijing to lure the world away from the dollar, People's Bank of China Governor Pan Gongsheng in a speech last week at the high-profile Lujiazui Forum discussed 'how to weaken excessive reliance on a single sovereign currency.' He also announced plans to set up a center for digital yuan internationalization in Shanghai and promote trading of yuan foreign exchange futures. Beijing has already rolled out a digital version of its currency to replace some cash and coins in circulation. Source: CNBC 6:59 AM Stock Market LIVE Updates: Asian markets flat Stock Market LIVE Updates: Asian markets flat -- Nikkei down 0.01 per cent -- ASX200 up 0.01 per cent