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Indian stock markets rose sharply on Monday, June 16, despite the rising tensions in West Asia.
Stock Market Today
Sensex Today: Indian equity markets defied rising geopolitical tensions amid the Israel-Iran conflict, staging a strong rebound on Monday. Both benchmark indices — the BSE Sensex and NSE Nifty50 — ended the session nearly 1% higher, reflecting investor resilience.
The Sensex surged 677.55 points, or 0.84%, to close at 81,796.15, after hitting an intraday high of 81,865.82. Meanwhile, the Nifty50 settled at 24,946.50, up by 227.9 points or 0.92%.
Broader markets also ended on a positive note. The Nifty Midcap100 and Nifty Smallcap100 indices advanced by 0.93% and 0.95%, respectively, extending gains across market segments.
All sectoral indices closed in the green, led by Nifty IT, Realty, Oil & Gas, and Metal, which rose 1.57%, 1.32%, 1.11%, and 1.07%, respectively. Other sectors such as Banking, Energy, FMCG, Media, Pharma, and Consumer Durables also posted modest gains.
Among the Sensex constituents, 27 out of 30 stocks ended in the positive zone. Ultratech Cement, Tech Mahindra, HCL Tech, TCS, Kotak Mahindra Bank, and Infosys were among the top gainers, rising up to 2.4%. In contrast, Tata Motors emerged as the top laggard, falling 3.76%, followed by Sun Pharma and Adani Ports.
In the commodities market, crude oil prices edged lower. The benchmark West Texas Intermediate (WTI) crude dipped 0.6% to $72.56 per barrel.
Meanwhile, the volatility gauge India VIX declined by 1.6% to 14.83, indicating reduced investor anxiety despite ongoing geopolitical concerns.
Global Cues
On the global front, Asia-Pacific markets traded higher in early Monday trade as investors digested the escalating Middle East conflict and key economic data from China. Japan’s Nikkei was up 0.94%, Topix gained 0.97%, South Korea’s Kospi rose 0.14%, and Australia’s ASX 200 edged up 0.23%. The uptick in Asian equities was supported in part by China’s latest macro data. Retail sales in China grew by 6.4% year-on-year in May, marking the fastest pace since December 2023 and beating April’s 5.1% rise. However, industrial production growth slowed to 5.8% from 6.1%, falling short of market expectations.
Meanwhile, US markets ended sharply lower on Friday as the intensifying geopolitical crisis and spiking energy prices dampened investor sentiment. The Dow Jones Industrial Average plunged 1.79%, the S\&P 500 lost 1.13%, and the tech-heavy Nasdaq shed 1.30%. US equity futures were trading slightly higher during early Asia hours, suggesting some stabilization could emerge in global equities depending on further developments in the Israel-Iran conflict.
As the week begins, investors will remain focused on institutional flows, sectoral cues, and the direction of crude oil prices. With multiple headwinds in play, especially in the form of geopolitical risk and uneven global economic data, market volatility may stay elevated in the near term.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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