Stock Market LIVE: GIFT Nifty down; Asia falls on US entry in Israel-Iran war

Sensex Today | Stock Market LIVE on Monday, June 23, 2025: At 6:32 AM, GIFT Nifty futures were trading 148 points lower at 24,964, indicating a gap-down start for the bourses.
7:25 AM
Stock Market LIVE Updates: Amazon enters India's $15 bn diagnostics market with at-home testing
Stock Market LIVE Updates: Amazon India has launched Amazon Diagnostics, an at-home healthcare service that allows customers to book lab tests, schedule appointments and receive digital reports directly via the Amazon app.
Initially available in six cities—Bengaluru, Delhi, Gurgaon, Noida, Mumbai and Hyderabad—the service covers more than 450 PIN codes and offers access to over 800 diagnostic tests. Customers can request doorstep sample collection within 60 minutes and receive digital reports for routine tests in as little as six hours, the company said. READ MORE
7:24 AM
Stock Market LIVE Updates: Nearly 75 per cent of Indian CEOs say that the global uncertainty — driven by escalating tensions between Israel and Iran and the uncertain trade tariff environment — is 'somewhat impacting' their businesses. However, the remaining respondents do not foresee any significant disruptions, according to a nationwide dipstick survey of the CEOs conducted last week.
Despite the geopolitical tensions, 83.33 per cent of the 12 CEOs surveyed by Business Standard affirmed that they are not altering their greenfield investment plans, even after US strikes on Iranian nuclear sites early Sunday raised the stakes in the region. READ MORE
7:23 AM
Stock Market LIVE Updates: Crude shocks loom on domestic market as US joins Iran-Israel conflict
Stock Market LIVE Updates: Investors may have to brace for heightened volatility on Monday, following the US military's direct involvement in the Iran-Israel conflict over the weekend.
Analysts expect benchmark indices Sensex and Nifty to correct by 1-1.5 per cent if crude oil prices spike and Asian markets react negatively to the escalating tensions in West Asia. However, sustained buying by domestic institutional investors (DIIs) could help cushion the blow. Last week, Indian equities gained over 1.5 per cent despite rising hostilities between Iran and Israel.
On early Sunday, US President Donald Trump announced targeted airstrikes on three of Iran's major nuclear facilities — Fordo, Natanz, and Isfahan — using stealth bombers and bunker-buster bombs. He described the strikes as a 'spectacular military success' and claimed Iran's nuclear enrichment capabilities had been 'obliterated'. Trump warned of further military action should Tehran retaliate. READ MORE
7:20 AM
Stock Market LIVE Updates: It was an unprecedented attack years in the making, with some last-minute misdirection meant to give the operation a powerful element of surprise.
US pilots dropped 30,000-pound bombs early Sunday on two key underground uranium enrichment plants in Iran, delivering what American military leaders believe is a knockout blow to a nuclear programme that Israel views as an existential threat and has been pummelling for more than a week.
American sailors bolstered the surprise mission by firing dozens of cruise missiles from a submarine toward at least one other site. READ MORE
7:14 AM
Stock Market LIVE Updates: RBI deepens scrutiny of bank board meetings and governance practices
Stock Market LIVE Updates: The Reserve Bank of India (RBI) is taking a much closer look at bank board deliberations and may issue directives to improve governance practices.
Senior officials in both state-run and private banks told Business Standard that following the developments at IndusInd Bank, the central bank's senior supervisory managers (SSMs) were asking questions on the agenda presented to boards, the time spent discussing specific items, and observations made by independent directors. READ MORE
7:10 AM
Stock Market LIVE Updates: West Asia conflict: Exporters in dire straits as Hormuz trade route erupts
Stock Market LIVE Updates: Shippers and logistics firms in India — key to the export–import (exim) trade — now fear no quick relief from the global shipping crisis in the Strait of Hormuz, which now is at the verge of closure. This follows the US bombing of three Iranian nuclear sites on Sunday and subsequent Iranian strikes on Israel.
'Freight rates have started rising, and the situation is volatile. With the US hitting critical Iranian nuclear sites, retaliation is expected, and tensions will stay high. This will affect oil prices and shipping charges. War risk premiums are already being added to shipments. Exporters have started feeling the heat in both air and sea freight,' said Dushyant Mulani, chairman of the Federation of Freight Forwarders' Associations in India. READ MORE
7:08 AM
Stock Market LIVE Updates: US bombs Iran nuclear facilities: Impact on stocks, bonds, oil decoded here
Stock Market LIVE Updates: Following Israel's attack on Iran's nuclear sites on 13 June, the US bombed three nuclear sites in Iran over the weekend. This military strike was widely anticipated by the market after Mr. Trump's recent warnings.
The conflict could escalate further, as the US and Israel may push for the fall of Khamenei's regime in Iran, as it may retaliate to survive.
Brent crude oil price is already up about 18 per cent in the past month, fearing escalation, but still remains below $80/bbl. Despite Iran being a heavily sanctioned country, it is estimated that Iran produces 3.0 to 4.0 million barrels of oil (world oil output of 103 million barrels last year), and it largely exports it to China. Iran warned that it may close the Strait of Hormuz (~26 per cent of oil trade), attack US military installations in the region, and take other military and diplomatic actions. READ MORE
7:05 AM
Stock Market LIVE Updates: US markets end mixed on Friday

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Hindustan Times

31 minutes ago

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India charting new road with record export, free trade agreements: Piyush Goyal

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Business Standard

31 minutes ago

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Brent crude may cross $110 if Hormuz oil flow halves: Goldman Sachs

Goldman Sachs estimates Brent crude prices could temporarily spike to $110 per barrel (/bbl) if the flow of oil through the key Strait of Hormuz shrinks by 50 per cent for a month and remains down by 10 per cent over the following 11 months. In that case, crude prices will settle to an average of $95 per barrel in the fourth quarter of 2025, the bank said in a note released on Monday. In a more severe scenario where Iranian output remains suppressed, Brent would still peak at $90 but then stabilise at $70–80 per barrel in 2026, as global inventories shrink and spare capacity drops. The latest forecast comes days after Citigroup warned oil could cross $90/bbl if the strait is shut. Brent crude prices have risen 13 per cent since the conflict began on June 13, while WTI has gained around 10 per cent. Brent oil futures rose to a five-month high of $78/bbl on Monday, before falling to $75.4/bbl at the time of writing this report. For India, an estimated 10 per cent increase in crude prices may not have much of an impact on the economy where fundamentals remain robust, but a prolonged effect may cause harm, Madan Sabnavis, chief economist at Bank of Baroda, said. 'But if it is over $100 for a prolonged period of time it would mean virtually a 25 per cent increase over the base case assumption and can have a major impact on these variables,' he pointed out. At the beginning of the year, the assumption was that oil would be around $80, and hence anything more than this will raise a red flag, he stressed. The impact on GDP will be driven primarily by how inflation behaves and affects consumption, Sabnavis said. Closing the strait Citing data from prediction market Polymarket, Goldman Sachs noted that markets now price in a 52 per cent probability of Iran closing the strait in 2025, though it emphasised that liquidity on such platforms remains limited. In an unprecedented step, Iran's Parliament voted on Sunday to allow emergency measures to block the narrow, strategic waterway, state media reported. However, the final decision rests with the country's Supreme National Security Council. 'With 20 million barrels per day of oil and 83–84 metric tonnes per year of liquefied natural gas (LNG), the strait accounts for 27 per cent and 20 per cent of global oil and LNG trade, respectively. It is unlikely that it will be impacted for long. Any short-term impact can lead to a further spike in oil prices,' Kotak Institutional Equities pointed out. Arguing that the recent oil price spike is primarily driven by market worries, it noted that prior to the conflict, oil markets were well-supplied and the planned reversal of voluntary cuts by the OPEC+ bloc was an overhang. Iranian supply According to Goldman Sachs estimates, a six-month-long cut in Iranian oil supply by 1.75 million bpd, followed by a gradual recovery, could drive Brent prices to $90 per barrel before declining into the $60 range by 2026. Despite international sanctions, China remains Iran's largest oil customer, accounting for 80–90 per cent of exports. In 2024 and early 2025, Iran's crude exports averaged between 1.38 million and 1.7 million bpd. In March 2025, exports reportedly surged to 1.71–1.8 million bpd amid fears of tighter American sanctions, according to global energy trackers. Kotak said Iranian oil production has been impacted and currently stands at 3.5 million bpd, while exports are at 1.7 million bpd. It is also not in Iran's interest to close the Gulf at a time when the country has been racing to get its oil out. Bloomberg reported last week that Iran has exported an average of 2.33 million barrels per day since June 13, fearing strikes on key oil infrastructure. Large amounts of crude have been brought to Kharg Island, Iran's key oil export terminal in the northern Persian Gulf.