KEY HIGHLIGHTS
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Rupee Closes Sharply Lower Against US Dollar
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Stock Market Live: Boeing Extend Losses At Pre-Open
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Sensex Sinks 1,200 Points; Nifty Hits Three-Week Low — Key Factors At Play
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Gold Price At All-Time High As Iran-Israel Tensions Mount
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Stock Market Live: SpiceJet, IndiGo Shares Fall Over 5% Post Air India Crash
Stock Market Today: Sensex, Nifty Set For Worst Friday The 13th In Over Nine Years
Friday the 13th has been a day of mixed movements for India's benchmark equity indices over the last few years. Today, however, is likely to be at the worst end of the spectrum in recent years. Nifty and Sensex are set for their worst Friday the 13th losses in over nine years, according to data compiled by NDTV Profit.
Find out more details here.
Market At Close: Nifty, Sensex Extend Losses To Second Day
Nifty and Sensex falls more than 1% for the week.
Nifty falls by 500 points from the weekly high.
Eternal and Adani Ports are the top losers in Nifty.
Nifty snaps two day gaining streak.
Nifty Midcap 150 fall more than 1% for the week, drag by Cochin Shipyard and One 97 communication.
Nifty smallcap 250 fall 0.4% for the day, drag by Netweb Tech and Angel One.
Nifty Realty fall the most and become top worst performing sector for the day.
Brigade enterprises and Raymond are the top losers in Nifty Realty.
Nifty Realty, Nifty Bank, PSU Banks snaps four week gaining streak.
Nifty IT snaps 3 week losing streak.
Nifty Pharma gain for the 3rd consecutive week.
Nifty oil and Gas gains for the 2nd day in a row.
Rupee Closes Sharply Lower Against US Dollar
Rupee weakened 49 paise to 86.09 against US dollar
It closed at 85.60 a dollar on Thursday
Source: Bloomberg
Dimond Power Gets Orders Worth Rs 117 Crore
Diamond Power received orders worth Rs 117 crore order for battery energy storage systems, Smart Metering and Highway Project, the exchange filing said.
Structurally, No Reason For Crude To Rally, HPCL's Former CMD Surana Says
The Israel-Iran conflict has added to uncertainty. Either this can settle or remain the same, or it can escalate further. Whenever such events take place, risk premiums increase, subsequently raising the freight and insurance costs. Which is why market participants are seeing a spike in crude oil prices, said M.K. Surana, former chairman and managing director, Hindustan Petroleum Corp said to NDTV Profit.
Structurally, there is no need for crude prices to rally above $80 per barrel as supplies are increasing from the Organization of Petroleum Exporting Countries and allies. Also, it is the summer season, when the demand naturally increases, Surana said.
Indian Oil, Asian Paints, IndiGo & More — Stocks Likely To Be Impacted
The escalating tensions between Israel and Iran could just put the Strait of Hormuz back in global spotlight and this time the biggest worry would be on the impact of supply chain issues for key crude oil producer countries.
The most immediate impact would be a sharp increase in crude oil prices. As per JPMorgan, oil prices can also spike to levels of $120 per barrel, driving the US CPI to 5%.
Find out which stocks will be impacted by this here.
European Market Update: Euro Stoxx & DAX Trade Over 1% Down
The Euro Stoxx 50 and DAX were trading over 1% down as risk-off sentiment prevailed on escalation of conflict between Israel and Iran.
Germany's Consumer Price Index-based inflation rose 2.1% on the year in line with estimates in May from 2.2% in April.
The Euro Stoxx and DAX were trading 1.29% and 1.42% down, respectively. The IBEX 35 fell 1.60% as of 2:19 p.m.
Stock Market Live: Boeing Extend Losses At Pre-Open
Boeing Co extended losses at pre-open. It was trading 1.26% down at $201.20 as of 2:09 p.m.
The share price settled 4.79% down at $203.75 apiece on Thursday as its aircraft belonging to best-selling widebody 787 Dreamline aircraft got involved in a fatal crash in India.
Indian government is mulling to launch a safety probe in 787 Dreamliner fleet.
Gensol Admitted Into Insolvency By NCLT Ahmedabad On IREDA Plea
The Ahmedabad bench of the National Company Law Tribunal on Friday admitted Gensol Engineering Ltd. into insolvency on a plea filed by the Indian Renewable Energy Development Agency Ltd.
Stock Market Today: IndusInd Bank Teams Up With IIM Lucknow To Boost Innovation
IndusInd Bank has entered into a strategic partnership with the IIM Lucknow Enterprise Incubation Centre. This collaboration aims to foster innovation-driven entrepreneurship by providing support and resources to budding entrepreneurs.
Stock Market Live Update: Kernex Microsystem Gets Orders Worth Rs 311 Crore From Southern Railways
Kernex Microsystems Ltd. received orders worth Rs 311 crore from Southern Railways for Kavach Systems, the exchange filing said.
Stock Market Today: HCLTech To Boost Entrepreneurship & Vocational Education
HCLTech Ltd's HCLFoundation signs MoUs with Tamil Nadu Govt to boost entrepreneurship & vocational education, the exchange filing said.
RPP Infra Projects Gets Orders Worth Rs 283 Crore
RPP Infra Projects received orders worth Rs 283 crore, the company said in the exchange filing.
Stock Market Today: South Asia Growth Fund Reduces Stake In Premier Energies
South Asia Growth Fund II Housing reduced stake to 5.6% from 11.1%, earlier, Premier Energies said in an exchange filing.
Stock Market Today: ONGC, Oil India Shares Rise On Rising Crude Oil Prices
Shares of Oil and Natural Gas Corp. and Oil India Ltd. rose on Friday, defying market trends as crude oil prices rose amid Israel's air strikes in Iran. The rising crude prices helped improve the outlook on the net realisations earned by oil producers.
ONGC shares rose 3.09% to Rs 255.55 per share, while Oil India was up 2.49% to Rs 480 per share.
Stock Market Today: Nifty Defence Outperforms All Sectoral Indices
The NSE Nifty India Defence advanced 2.18% to 8,849.15. Ideaforge Technology Ltd., Zen Technologies were top gainers in the index.
Stock Market Today: PhonePe Cuts Stakes In CE Info Systems
PhonePe reduced stake to 13.74% from 18.74%, earlier, CE Info Systems Ltd. said in the exchange filing.
Stock Market Live: Sharda Motor Industries Promoter Reduces Stake
Sharda Motor Industries Ltd.'s promoter Ajay Relan reduced stake to 12.25% from 58.25% earlier, the company said in an exchange filing.
Air India Crash To Become India's Most Expensive Aviation Claim With A Potential Rs 2,400-Crore Demand
The crash of an Air India flight minutes after taking off from the Ahmedabad airport on Thursday is set to become India's most expensive aviation claim, with potential liabilities ranging between $211 million and $280 million. On the upper end, this will roughly translates to Rs 2,400 crore.
Read the full article here.
Stock Market Live: LIC Reduces Stakes In Marico
Life Insurance Corp of India reduced a stake to 3% from 5% earlier in Marico, the exchange filing said.
Sensex Sinks 1,200 Points; Nifty Hits Three-Week Low — Key Factors At Play
The NSE Nifty 50 and BSE Sensex slumped at the open, tracking a decline in shares across the globe as geopolitical tensions once again came into focus. Geopolitical tensions rose after Israel attcked Iran's strategic location which caused the death of several commanders and scientists.
The Nifty 50 index fell as much as 1.67% to 24,473, the lowest level since May 22. The Sensex declined 1.64% to 80,354.59, the lowest level since May 9.
Read the full article here.
Gold Price At All-Time High As Iran-Israel Tensions Mount
Gold price on Friday saw a sharp surge to reach an all time high at Rs 1,00,380 per 10 grams after standing at Rs 96,850 per 10 grams on Thursday, as per the Indian Bullion Association.
Read full article here.
Stock Market Live: SpiceJet, IndiGo Shares Fall Over 5% Post Air India Crash
Shares of SpiceJet Ltd. and IndiGo operator InterGlobe Aviation Ltd. extended declines for the second session and fell nearly 6% on Friday. This comes after Air India's Ahmedabad-London plane crash on Thursday.
SpiceJet stock fell 5.64% to Rs 42.16, while InterGlobe Aviation was down 5.49% to Rs 5,176 per share, hitting a one-month low.
Sectoral Performance At Open: All Sectors Trade Lower
On National Stock Exchange, all 15 sectoral indices declined with the NSE Nifty PSU Bank index leading losses. The NSE Nifty Pharma declined the least.
Nifty Detractors At Open: HDFC Bank, RIL Weigh
HDFC Bank Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Infosys Ltd., and ICICI Bank Ltd. weighed on the Nifty 50 index.
Oil And Natural Gas Corp, and Apollo Hospitals Enterprise Ltd. limited losses in the Nifty 50 index.
Stock Market Live: India VIX Surges To Highest Level Since June 4
The NSE India Volatility Index or the fear gauge surged 14% to 15.98 shortly after open.
Stock Market Today: Israel-Iran Conflict: HPCL, BPCL, IOC See Red On Dalal Street
Shares of major oil marketing companies fell on Friday following Israel's airstrikes on Iran's nuclear power plants.
Hindustan Petroleum Corporation Ltd., Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. all saw declines in their stock prices.
Read the full article here.
Stock Market Live: Nifty, Sensex Plunges At Open On Grim Global Sentiments
The Nifty 50 and Sensex slumped to the lowest level since early May as grim global sentiment weighed investors' mind following Israel and Iran tensions. Crude price was inching towards $80 a barrel, and gold prices rose.
Stock Market Today: Nifty, Sensex Fall Sharply At Pre-Open
At pre-open, the NSE Nifty 50 was trading 1.67% or 415.20 points down at 24,473, and the BSE Sensex was trading 1.55% down at 80,427.81.
Rupee Hits Two-Month Low At Open Against US Dollar
Rupee weakened 55 paise to 86.15 against US dollar. the lowest level since April 11
It closed at 85.60 a dollar on Thursday
Source: Bloomberg
Stock Market Live: Sigachi Industries Gets Approval For Its API Manufacturing Unit In Andhra Pradesh
Sigachi Industries Ltd. received the ToR approval for upcoming active pharmaceutical ingredient manufacturing facility in Andhra Pradesh, the company said in the exchange filing.
Air India Plane Crash: India Considers Dreamliner Safety Probe
MoCA may temporarily ground domestic Boeing 787-8 fleet, pending initial findings, sources say.
A safety review of all Boeing 787-8s in Indian service is under consideration.
Talks are underway with Boeing India, US agency NTSB, and FAA, though outcomes remain uncertain.
Air India may face scrutiny over maintenance practices
Alert: Air India runs 34 Boeing 787-8 Dreamliners, the most among domestic operators.
Alert: The review follows the Ahmedabad crash, the deadliest air disaster globally in a decade, with nearly all of 242 lives lost.
NTSB: National Transportation Safety Board
FAA: Federal Aviation Administration
Track live updates on Air India Plane Crash related news here.
Gold Price Rises As Traders Flock To Safe-Haven On Rising Geopolitical Tensions
Gold prices in the international markets advanced as traders flock to the safe-haven assets after geopolitical tension rose again following Israel's air strikes in Iran.
In the attack, Iran lost several of its commanders and scientists. Israel targeted strategic military locations and nuclear program sites, as reported by Bloomberg.
The Bloomberg spot gold rose 1.73% to $3,444.48 an ounce so far today. It was trading 1.65% higher at $3,441.90 as of 8:38 a.m.
Oil Prices Surges Over 13% To Over Four-Month High On Israel-Iran Tensions
Oil futures continued to surge in Asia session as supply outlook blackened on worries over Israel-Iran tension. Israel has declared a state of emergency after launching air strikes in strategic locations in Iran.
Investors are concerned as a potential escalation could halt the supply from the West Asian region which accounts for a third of the global oil supply.
Brent crude August future contract surged 13.8% to $78.50 a barrel, the highest level since Jan 27. It was trading 10.31% higher at $76.58 a barrel as of 8:33 a.m.
Stock Market Live: Emkay Global On Oil & Gas
Fundamental factors to prevail, don't see reason to hike FY26E Brent assumption of $70/bbl
Lower oil prices would create inventory losses
BPCL-HPCL should not see more than $1.5-2.0/bbl impact if crude price closes at $70/bbl
IOCL likely to record loss of up to $4/bbl
Q1FY26E RPAT for HPCL/BPCL/IOCL is likely to be 49%/42%/33% of our full year estimate
Q2 also looking good given that LPG losses would fall further to ~Rs150/cyl
LPG subsidy or fall in intl LPG prices grants further upside potential for OMCs' earnings
Stock Market Live: BofA On India CPI
Headline inflation drops to a 75 month low
Expect headline inflation to average 3.8% yoy in FY26.
Latent risk can be electricity tariff hikes
Limited room for further rate cuts, despite low inflation.
Another rate cut only in Q4 2025, once the GDP outlook becomes clearer.
Asia Market Update: Nikkei 225 Slips Over 1%; Geopolitical Tensions Weigh
Share indices across Asia-Pacific were trading sharply lower as risk-off sentiment prevailed after Israel declared a state of emergency after attacking nuclear and strategic sites inside Iran.
The Nikkei 225 and CSI 300 were trading 1.15% and 0.64% down, respectively as of 7:51 a.m. The S&P ASX 200 and KOSPI were trading 0.15% and 1% down, respectively.
US Market Update: S&P 500 & Dow Jones Futures Drop Over 1% In Asia Session
US futures fell sharply in Asia session as geopolitical tension surged after Israel launched air strikes at strategically important places in Iran.
The S&P 500 and Dow Jones futures were trading 1.50% and 1.36% down, respectively as of 7:34 a.m. The Nasdaq 100 future was down 1.56% down.
On Thursday, US share indices ended higher as investors rejoiced in muted producer price index data for May.
The Dow Jones Industrial Average rose 0.24% to 42,967.62. The S&P 500 rose 0.38% at 6,045.26 and the Nasdaq Composite rose 0.24% at 19,662.48.
GIFT Nifty Implies Gap-Down Open; NDMC, ONGC, Dixon Tech Shares In Focus
The GIFT Nifty was trading 0.96% or 241 points down at 24,756 as of 6:47 a.m., which implied a sharply lower start for the Nifty 50 index.
Investors will monitor HCLTech Ltd., NMDC Ltd., Oil and Natural Gas Corp, Dixon Technologies (India) Ltd. share prices for overnight news flow. Oil refining companies will also be in focus because of a sharp rise in crude oil prices in the international markets.
The benchmark equity indices slumped on Thursday as shares of Larsen & Toubro Ltd. and Infosys Ltd. dragged.
The NSE Nifty 50 ended 253.2 points or 1.01% down at 24,888.2, and the BSE Sensex closed 823.16 points or 1% lower at 81,691.98.
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