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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