Last Updated:June 23, 2025, 10:25 IST
Indian benchmark indices Sensex and Nifty opened on a cautious note on Monday
Stock Market Today
Sensex Today: Stock markets opened on a weak note Monday as investors reacted to the United States’ strikes on three Iranian nuclear facilities, escalating the conflict in West Asia by siding with Israel.
The BSE Sensex was trading 918 points, or 1.11 %, lower at 81,599, while the Nifty50 slipped 266 points, or 1.06%, to 24,846 around 10:05 am.
Broader markets also felt the pressure, with the Nifty MidCap and Nifty SmallCap indices falling 0.4% and 0.24%, respectively.
The market downturn follows U.S. airstrikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites on Sunday. In response, Iran has vowed retaliation and warned the U.S. of “dire consequences.” Reports also indicate that Iran’s Parliament has approved closing the strategic Strait of Hormuz.
Anand James, Chief Market Strategist at Geojit Financial Services, noted, “Despite Friday’s sharp rise, the pullback from the day’s high in the final hour reflects a sense of hesitation—something we’ve seen repeatedly as the Nifty approaches the 25,000 mark. Upside now appears capped within the 25,200–25,460 range. With the index near the upper Bollinger Band and ADX reading at 13.2, momentum remains weak.”
He added, “A failure to sustain above 25,045 could lead to a dip, though immediate downside is likely limited to 24,865/24,827. We will consider turning bearish only if the index slips below the 24,500–24,440 zone.”
Global Cues
Asia-Pacific markets tumbled on Monday following the US airstrikes on three Iranian nuclear sites, which raised the spectre of a wider conflict in the Middle East and drove oil prices higher.
Brent crude rose 2.62% to $79.06 per barrel, while West Texas Intermediate (WTI) gained 2.75% to $75.89 per barrel. Oil prices have been on an upward trend in recent weeks due to rising geopolitical instability in the region.
Gold also surged amid the uncertainty, jumping 2.95% to $3,379.60 per ounce as investors flocked to safe-haven assets.
In equities, Japan’s Nikkei dropped 0.74%, while the broader Topix fell 0.64%. South Korea’s Kospi lost 1.22%, and Australia’s ASX 200 declined 0.76%.
US stock futures retreated during early Asian trading hours. Dow Jones futures were down 0.3%, while S&P 500 and Nasdaq 100 futures slipped 0.3% and 0.4%, respectively.
On Wall Street last Friday, two of the three major indices closed in the red. The S&P 500 shed 0.22%, marking its third consecutive loss, and the Nasdaq Composite dropped 0.51%. The Dow Jones Industrial Average, however, inched up by 0.08%.
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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