Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open

At pre-open, the NSE Nifty 50 was trading 172.65 points or 0.69% lower at 24,939.75. The BSE Sensex was 0.86% or 708.23 points lower at 81,699.94.

Rupee Vs Dollar Today: Indian Currency Opens Weaker

Rupee opened 15 paise weaker at 86.59 against US Dollar. It closed at 86.59 on Friday.

Source: Bloomberg

The dollar index is up at 99.01. Brent crude was trading 1.55% higher at $78.20.

Stock Market News Live: Tata Steel Gets Tax Notice

Tata Steel receives notice for Rs 162 crore input tax credit. The show cause notice is for irregularly availing input tax credit.

Source: Exchange Filing

Stock Market News Live: Closure Of Strait Of Hormuz Is An Immediate Concern To Markets, Says Steve Englander

Closure of the Strait of Hormuz is an immediate concern to markets, according to Steve Englander, global head of G10 FX Research & North America Macro Strategy, Standard Chartered Bank.

There is a reaction in the oil market, but not as much as feared, Englander told NDTV Profit on Monday. Englander noted that, at the moment, global oil inventories are quite high, which means there won’t be any immediate supply issue, even though some damage could still be done.

Read full story here.

Small Finance Banks: What Brokerages Say

Citi

  • Citi believes the relaxation of PSL targets for small finance banks is a structural relief.

  • The change allows small finance banks greater operational flexibility and supports portfolio diversification.

  • AU Small Finance Bank cited its organic PSL build-up as a rationale for its MFI acquisition.

  • Post-merger, AU SFB was fully compliant with overall and sub-sector PSL norms in financial year 2025.

  • Citi notes that the benefit of the revised PSL norms should be evaluated in light of AU SFB’s stated intent to transition into a universal bank, where the PSL requirement stands lower at 40%.

Morgan Stanley

  • Morgan Stanley considers the RBI’s move to lower PSL requirements for small finance banks as a structural positive.

  • This change enhances small finance bank’s portfolio diversification capabilities and operational ease.

  • It is expected to support higher long-term growth run-rates.

  • AU Bank estimates its current PSL portfolio at 80%.

  • A key benefit is the potential for additional income from the sale of PSLC certificates.

  • However, Morgan Stanley notes the surplus in small and marginal farmer segments for the bank is limited.

Nifty Today: What F&O Cues Indicate

  • Nifty June Futures up by 1.18% to 25,096 at a discount of 16 points.

  • Nifty June futures open interest down by 2%.

  • Nifty Options June 26 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.

  • 25,000 PE saw the highest open interest change.

  • Securities in ban period: Aditya Biral Fashion, Biocon, RBL Bank, Titagarh.

Dollar Check

  • The US Dollar index is up 0.21% at 98.92.

  • Euro was down 0.15% at 1.1505.

  • Pound was down 0.12% at 1.3434.

  • Yen was up 0.23% at 146.44.

Stock Market News Live: Commodity Check

  • West Texas Intermediate crude rose 2.7% to trade at $75.87 per barrel.

  • Spot gold declined by 0.10% to $3,364.95 per ounce.

  • Brent crude rose 2.82% to $79.18.

London Metal Exchange

  • Copper was up 0.28%.

  • Aluminium snapped two day gaining streak and fell 0.15%.

  • Zinc was flat after it declined 0.09% after in the previous session.

  • Nickel was flat after it advanced in the previous session.

  • Lead snaps five day losing streak to rise 0.15%.

Stock Market News Live: Asian Markets Update

Stocks fell on Monday after US strikes on Iran’s nuclear sites over the weekend. However, US stock-futures dropped on Monday morning.

  • S&P 500 futures fell 0.4%.

  • Hang Seng index futures were down 0.5%.

  • Futures for the Nikkei 225 was down 0.6%.

  • Japan’s Topix index fell 0.5%.

  • Australia’s S&P/ASX 200 index fell 0.4%.

  • Euro Stoxx 50 futures were down 0.6%.

Stock Market News Live: GIFT Nifty Indicates Gap-Down Open

Good morning.

The GIFT Nifty was trading below 25,000 early on Monday. The futures contract based on the benchmark Nifty 50 fell 0.61% at 24,976 as of 6:55 a.m. indicating a muted start for the Indian markets.

In the previous session on Friday, the benchmark equity reversed their declining streak. The NSE Nifty 50 ended 319.15 points or 1.29% higher at 25,112.40, while the BSE Sensex closed 1,046 points or 1.29% higher at 82,408.

. Read more on Markets by NDTV Profit.HUL, Dr Reddy’s, TCS, BEL, ONGC are among some of the important stocks to be in focus on Monday.  Read MoreMarkets, Business 

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