The Nifty 50 is trading at 24,856.80, down by 68.70 points or (0.36%) , while the BSE Sensex is trading lower at 81,514.01 down by 282.14 points or (0.34%). The decline was broad-based, with nine of 13 sectors in the red. Auto was down to 23253.90 at 0.49% and metal stocks were down by 9291.65, at 0.71%, leading the losses, while mid‑ and small‑cap segments traded flat, cushioning the overall dip. The slide followed a cautious start amid rising geopolitical risks and elevated crude prices.

Global uncertainty was stirred by the U.S. President Trump’s call for Tehran evacuation amid Israel‑Iran hostilities, triggering a risk-off tone across global and Indian markets. Meanwhile, rising oil benchmarks continued to pressure market sentiment, especially for an oil-importing nation like India. A standout was Vishal Mega Mart, whose shares plunged roughly 6.6% following a discounted promoter-led block deal. However, select mid-cap stocks bucked the trend, surging over 2.81% in afternoon trade, hinting at pockets of stock-specific activity

Top 5 Gainers in the Market

Asian Paint  

• Opening Price: ₹2231
• Current Price: ₹2275.40
• Change: +1.36

Asian Paints is gaining today,  following a major block deal involving Reliance Industries and ICICI Prudential Mutual Fund. The stock is seeing renewed investor interest and strong trading momentum after this high-profile transaction.

INFY (Infosys) 

• Opening Price: ₹1620
• Current Price: ₹1637.30
• Change: +0.83%

Infosys is gaining today, as investor sentiment improves and its American Depositary Receipt sees a notable uptick in US trading. The stock is drawing attention amid renewed confidence in the company’s global growth prospects and steady performance.

Tech Mahindra

• Opening Price: ₹1692.40
• Current Price: ₹ 1707.20
• Change: +0.79%

Tech Mahindra is gaining today, as investors show renewed interest following steady performance and positive momentum in the broader technology sector. The stock is attracting attention on the back of consistent returns and optimism in IT spending.

 Axis Bank  

• Opening Price: ₹1215.40
• Current Price: ₹ 1223.50
• Change: +0.67%

Axis Bank is gaining today, as strong buying interest lifts the stock following its consistent financial performance and positive momentum in the banking sector. The bank’s steady growth and robust fundamentals are drawing renewed attention from investors.

BEL

• Opening Price: ₹405.80
• Current Price: ₹ 406.50
• Change: +0.66%

Bharat Electronics Limited (BEL) is on the rise today,  as the stock attracts attention following fresh orders and ongoing optimism around the company’s role in India’s defence sector. Investor confidence remains strong, fueled by BEL’s steady growth and strategic importance.

Top 5 Losers in the Market

 Sun Pharma 

• Opening Price: ₹1680
• Current Price: ₹ 1650.
• Change: -2.09%

Sun Pharma is trading lower today,  as the broader market faces selling pressure and the Nifty Pharma index declines. The stock’s weakness follows recent USFDA observations at its Halol facility, which have weighed on investor sentiment and contributed to its underperformance among major pharma stocks.

ONGC

• Opening Price: ₹256.94
• Current Price: ₹ 252.46
• Change: -1.69% 

ONGC is seeing low trading today, as investors are reassessing the stock amid a broader market downturn and ongoing volatility in crude oil prices. The company’s shares are under pressure, reflecting cautious sentiment across the energy sector and a pullback in related stocks.

Cipla 

• Opening Price: ₹1527
• Current Price: ₹ 1508.
• Change: -1.24%

Cipla saw a quieter session today,  as the stock edged down amid a lack of fresh catalysts and overall cautious sentiment in the pharma sector. Investors appeared to adopt a wait-and-watch approach despite the company’s stable fundamentals.

Bajaj Finance  

• Opening Price: ₹941.50
• Current Price: ₹ 922.50
• Change: -1.65%

Bajaj Finance is experiencing selling pressure today, as investors react to recent underperformance and a cautious market mood. The stock’s movement reflects subdued sentiment in the financial sector despite broader market gains.

Eternal  

• Opening Price: ₹251.50 
• Current Price: ₹249.48
• Change: -1.06%

Eternal is witnessing muted trading activity today, as investors remain cautious amid recent quarterly results and broader weakness in the sector. The stock’s performance reflects ongoing concerns about earnings growth and shifting market sentiment.

Indian equity markets opened higher on Tuesday but soon slipped into the red, as investors remained jittery amid escalating Iran-Israel tensions in West Asia. Volatility ruled early trade, with benchmark indices swinging between gains and losses.

The Nifty 50, which started the session on a firm note, quickly reversed course to fall over 70 points, breaching the 24,900 mark. The BSE Sensex mirrored the trend, declining by 150.18 points after a cautious start.

Sentiment was supported briefly by a drop in crude oil prices – Brent and WTI both fell up to 1.6% overnight – which could ease inflationary concerns. However, persistent geopolitical risks and trade tariff-related worries continue to cap market upside.

As of 9:43 AM, Indian equity benchmarks extended early losses, with the Nifty 50 down 65.80 points (0.26%) at 24,880.70 and the Sensex lower by 220 points (0.27%) at 81,576.15, amid prevailing global uncertainties.

Global Market Update 

Asia-Pacific markets traded mixed on Tuesday morning as investors assessed geopolitical developments in West Asia. Sentiment improved marginally after Iran signaled a willingness to negotiate amid the ongoing conflict with Israel, offering some relief to jittery markets. Japan’s Nikkei 225 edged up 0.21%, while the broader Topix index held flat. South Korea’s Kospi gained 0.29%, though the tech-heavy Kosdaq slipped 0.17%.

Meanwhile, US stock futures slipped in early Asian trade, giving up some of Monday’s strong gains. Futures on the Dow Jones Industrial Average were down 220 points, while S&P 500 and Nasdaq futures declined by 35 and 130 points respectively. The overnight rally on Wall Street, which saw the Dow rise over 300 points and the Nasdaq and S&P 500 climb more than 1%, was driven by easing oil prices and hopes of a limited regional impact from the West Asia conflict.

Geopolitical tensions remained in focus after the Israel-Iran conflict entered its fifth day. Reports emerged of a missile strike hitting Iran’s state television headquarters during a live broadcast. Former US President Donald Trump also escalated tensions by urging the evacuation of Tehran, triggering renewed concerns of a wider escalation.

Commodity and Currency Market Update 

In currency markets, the Indian rupee opened 5 paise stronger at 86.01 against the US dollar, supported by easing crude prices and early signs of diplomatic engagement in the Middle East. The US Dollar Index held steady around 98.20, with most Asian currencies trading in a narrow range.

Crude oil prices rebounded on the back of these developments. Brent crude rose 1.8% to trade at $74.51 per barrel, while WTI crude was up 1.9% at $73.13. Despite the uptick in global oil prices, shares of Indian oil marketing companies remained steady in early trade.

Gold prices edged lower in early trade on Tuesday as investors booked profits at elevated levels, ahead of key global events. On the Multi Commodity Exchange (MCX), the August 5 gold futures contract was trading 0.24 per cent lower at ₹98,940 per 10 grams.

The decline comes a day after the contract hit a record high of ₹1,01,078 per 10 grams in the previous session, before reversing gains to close over 1 per cent lower. The pullback is being attributed to profit booking and cautious positioning ahead of the US Federal Reserve’s monetary policy announcement due on June 18, as well as ongoing geopolitical tensions between Israel and Iran.

Traders are expected to remain on the sidelines with a watchful eye on global developments that could drive safe-haven demand in the coming sessions.

Stock to focus on:

NTPC will hold a board meeting on June 21 to consider raising up to ₹18,000 crore via bonds or NCDs for capital planning.

Tanla Platforms approved a share buyback of 20 lakh shares at ₹875 each, reflecting confidence in its valuation.

Biocon launched a ₹4,500 crore QIP offering 139 million shares, representing 11.6% of its equity, at a floor price of ₹323.2.

Mphasis entered a strategic AI partnership with Sixfold to enhance insurance underwriting solutions.

Vishal Mega Mart promoter Samayat Services plans to sell 10% stake via block deal, aiming to raise around $588 million.

Asian Paints saw a major transaction as Reliance Industries sold 8.5 million shares, which ICICI Prudential Mutual Fund acquired.

HCL Technologies partnered with E.ON to modernize cloud infrastructure, expanding its footprint in the energy sector.

Ramkrishna Forgings promoters to subscribe to warrants at nearly 3x the market price, pending shareholder nod on June 28.

Lupin signed a licensing deal with Sino Universal Pharmaceuticals to launch its COPD inhaler in the Chinese market.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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