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Stock Market Live Updates | Gift Nifty Signals Gap-Down on Middle East Tension

Synopsis:

Today’s share market’s key developments include: Crude oil prices rise amid Middle East tension. Genus Power stake sale, DCM Shriram’s Rs.375 crore acquisition, Jubilant’s API slump sale, and Torrent’s wind project lead news, as FIIs net sell Rs.3,831 crore and DIIs buy Rs.9,393 crore.

 

 3:30 PM IST

Closing Bell | Sensex dropped 573 points | Nifty closing below 24,750

The Sensex ended 573 points lower on Thursday after a volatile trading session, while the Nifty slipped below the 24,750 mark. Among the top Nifty gainers were Shipping Corporation of India (up 10.06%), Dhani Services, and 360 One Wam. Suven Life Sciences led the losers, falling 9.42%, followed by Timescan Logistics, InterGlobe Aviation, and Canara Bank. Market sentiment remained cautious amid selling pressure in banking and aviation stocks despite strength in select logistics and healthcare shares.


 1:30 PM IST

Stock Market LIVE Update | Sensex trades 650 points lower | Nifty nears 24,700

Markets remained under pressure as the Sensex trimmed losses but stayed 650 points lower, while the Nifty hovered near 24,700. European shares dropped 1.2% as Israel-Iran tensions weighed on sentiment, hitting travel stocks and lifting oil and defence counters. Japan’s Nikkei fell 0.89%, led by declines in Tokyo Electron and auto stocks, despite a weekly gain. IndiGo shares tumbled 6% after its promoter initiated a USD 1 billion stake sale, with aviation sentiment hurt by geopolitical risks and oil price spikes.


 12:40 PM IST

Stock Market LIVE Update | Sensex trades 600 points lower | Nifty hovers near 24,700

The Sensex pared some losses but still traded 600 points lower, while the Nifty tested the 24,700 mark amid escalating Middle East tensions. Brent crude rose above USD 75 per barrel following Israeli airstrikes on Iran, raising supply disruption fears. Reliance Industries slipped nearly 2%, and oil-sensitive stocks like IOC, BPCL, and HPCL fell up to 6%. Meanwhile, gold gained 1.5%, aviation and paints sectors saw pressure, and Shipping Corporation and Dhani Services emerged as top intraday gainers.


 11:15 AM IST

Stock Market LIVE Update | Sensex down 700 points | Nifty slips below 24,700

Sensex trimmed early losses but still traded 700 points lower, while Nifty slipped below the 24,700 mark amid market-wide pressure. PSU bank stocks declined up to 2%, with Union Bank and SBI among the notable losers. Meanwhile, defence stocks gained up to 8% as Israel-Iran tensions escalated, boosting interest in military-focused firms like HAL and ideaForge. Oswal Pumps’ Rs.1,387 crore IPO was subscribed 6% on day one, led by NIIs and retail investors, while QIB participation was absent.


 10:15 AM IST

Stock Market LIVE Update | Sensex 900 points lower | Nifty below 24,650

The Sensex pared losses to trade slightly higher, while ONGC shares climbed 3% as Brent crude surged following Israeli airstrikes on Iran. The Reserve Bank of India intervened in the forex market, selling dollars to stabilise the rupee, which had dropped to 86.20 before recovering to 86. Force India and other select stocks outperformed despite broader market weakness. Meanwhile, India’s 10-year bond yield hit a five-week high of 6.3192% due to rising oil prices and caution ahead of the debt auction.


 09:15 AM IST

Stock Market LIVE Update | Sensex plunges 1,100 points | Nifty dips below 24,550

The Sensex slumped 1,100 points and the Nifty slipped below 24,550 as tensions escalated in the Middle East. The rupee dropped 61 paise to 86.15 against the US dollar. RIL and HDFC Bank dragged the Sensex down. HCL Tech shares may gain attention after Volvo Cars selected it as a strategic engineering partner. Canara Bank shares are in focus as the board approved a Rs.9,500 crore fundraise plan. JM Financial maintained a Buy on PDS Ltd, targeting Rs.690.

GIFT NIFTY: Gift Nifty suggests a gap down opening amid escalation of Geopolitical Tension in the middle east. Nifty spot in todays session to trade in the range of 24,500-24,950.

INDIA VIX: 14.02 | +0.35 (2.54%) ↑ today

Latest Market News

1. Crude Oil prices continue to rise as DonaldTrump sees escalation in Middle East tensions.

2. ⁠Genus Power - GIC Affiliate Chiswick Investment Pte Likely To Sell 5.88% Stake (including greenshoe option Of 2.28% equity) of Genus Power via block deals. Floor Price At ₹360/Sh.

3. ⁠DCM Shriram to acquire Hindusthan Speciality Chemicals for ₹375 crore.

4. ⁠Jubilant Pharmova board approves slump sale of API business to subsidiary Jubilant Biosys.

5. ⁠Torrent Power wins 300 MW wind project from SECI, to invest ₹2,650 crore.

6. ⁠Bhartia family likely to offload stakes in three Jubilant companies via block deals.

7. ⁠FIIs net sell ₹3,831.42 crore while DIIs net buy ₹9,393.85 crore in equities yesterday(provisional).

GENUS POWER INFRASTRU LTD

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370.5-14.54 (-3.77 %)

Updated - 13 June 2025
382.80day high
DAY HIGH
368.00day low
DAY LOW
2990813
VOLUME (BSE)

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

  1. Treasury Yields: 

    • U.S. Treasury yields dropped for a second day Thursday. The 10-year Treasury yield dropped more than 5 basis points to 4.357%.

  2. Currency: 

    • The dollar hit a new 2025 low on Thursday as traders weighed low inflation readings, rising Middle East tensions, and the fragility of a trade truce between Washington and Beijing.

    • The US Dollar Index was down 0.76% at 97.85.

  3. Commodities:

    • Crude oil futures jumped more than 5%  in todays morning  trade after Israel launched airstrikes against Iran without U.S. support. Global benchmark Brent crude jumped more than 6%, to $73.4 per barrel.

    • Gold prices scaled a one-week peak on Thursday, steered by simmering Middle East tensions. Spot gold was up 1.1% at $3,387.99 an ounce. It was up another 1% in todays morning trade.


Asian Markets

  1. General Trends:

    • Asia-Pacific markets fell Friday as Israel conducted a military strike on Iran, targeting its nuclear program.

  2. Specific Index Performance:

    • Japan’s benchmark Nikkei 225 fell 1.28% while the Topix lost 1.22%.

    • South Korea’s Kospi was 0.83% lower and the small-cap Kosdaq declined 1.82%.


India Market Outlook

  1. Market in Previous Session:

    • Indian benchmark indices ended on a muted note on June 12, with the Nifty breaching the psychological 25,000 mark on the downside, indicating profit booking at elevated levels and absence of sustained buying interest.

    • Domestically, the weekly F&O expiry added to the intraday choppiness, as traders resorted to aggressive unwinding of positions against the backdrop of escalating global uncertainties.

    • The sharp sell-off in the markets was triggered by escalating geopolitical tensions in the Middle East. Such a scenario poses significant risks to global crude supply chains could increase volatility across financial markets.

    • At close, the Sensex was down 823.16 points or 1.00 percent at 81,691.98, and the Nifty was down 253.20 points or 1.01 percent at 24,888.20.

    • All sectoral indices closed deep in the red, with heavy selling pressure seen across the board. Auto, Consumer Durables, FMCG, Metal, IT, Power, Oil & Gas, and Realty indices slipped between 1-2 percent, indicating broad-based sectoral weakness and risk-off sentiment prevailing in the market.

    • The BSE Midcap index declined by 1.5 percent, while the Small-cap index registered a cut of 1.3 percent, reflecting sustained profit booking and underperformance in the broader market space


TRADE SETUP FOR JUN 13

  1. Nifty Short-Term Outlook:

    • Index closed the weekly expiry session sharply lower down by 1%. It has formed a bear candle with a lower high and lower low signaling profit booking at higher levels around 25,200 levels.

    • Index contrary to our expectations breached the immediate support area of 25,000 and formed an intraday low of 24,825. 

    • In todays session index is opening gap down highlighting acceleration of the decline. A breach and a close below 24,700 ( being the confluence of 20 days EMA and rising trendline support) could open further downside towards the key support area of 24,500-24,400.

    • The Nifty has strong support in the range of 24,500–24,400 zone, which coincides with the confluence of the 50-day EMA and the lower band of the last last four weeks consolidation.

  2. Intraday Levels:

    • Nifty: Intraday resistance is at 24,900, followed by 25,020 levels. Conversely, downside support is located at 25,630, followed by 24,510.

    • Bank Nifty: Intraday resistance is positioned at 56,100, followed by 56,330, while downside support is found at 55,300, followed by 54,900.


Derivative Market Analysis

  1. Nifty:

    • The Nifty index ended the session on a weak note, closing at 24,937.40—down 274 points or 1.1%. 

    • Open interest data highlights the highest call OI at 26,000 and highest put OI at 24,000, indicating a wide trading range with stiff resistance at higher levels. 

    • FIIs were net bearish, adding 10,407 fresh short contracts while covering 2,522 longs, dragging the long/short ratio down to 0.24 from 0.28. 

    • On the options front, heavy call writing was observed above 24,900, while put writers were active at 24,900 and 24,000. Notably, unwinding of puts at 25,200 signals a weakening support base. The 25,000 level remains a crucial pivot, especially with visible straddle positioning ahead of expiry. 

    • Meanwhile, the put-call ratio has slipped to 0.92, reflecting a shift toward bearish sentiment.

  2. Bank Nifty:

    • Bank Nifty also remained under pressure, settling at 56,269.60, a decline of 379 points or 0.7%. Both the highest call and put OI are stacked at 56,000, underscoring it as a key inflection point. 

    • The previous session saw concurrent call and put writing at this strike, suggesting a mildly negative to sideways outlook. 

    • For now, the broader range for Bank Nifty appears to be 56,000 to 57,000. The drop in PCR to 0.83 further supports a cautious stance.

US Share Market News

  1. Performance Overview:

    • The S&P 500 closed higher after cutting losses on Thursday, on the back of an Oracle-led rally in big tech and further signs of cooling inflation. The May producer price index came in cooler than expected, restrained by lower costs for services like air fares.

  2. Sector-Specific Movements:

    • The Dow Jones Industrial Average climbed 101 points, or 0.2%, the S&P 500 index gained 0.4%, and the NASDAQ Composite added 0.2%. 

    • However,  U.S. stock futures slid more than 1% on Thursday night as tensions in the Middle East worsened.

  3. Economic Indicators: 

    • Stock futures fell as Israel’s defense minister Israel Katz declared a special state of emergency following an Israeli attack on Iran. Two U.S. officials said that there is no U.S. involvement or assistance. 

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make wise investment decisions.

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