ADVERTISEMENT
Indian equity benchmarks, BSE Sensex and NSE Nifty, are set to open on a very positive note on Tuesday after U.S. President announced a tentative Israel-Iran ceasefire.
By 7:45 AM, GIFT Nifty futures were up 262.5 points, or 1.05%, at 25,240, an indication that a strong rally awaits for the Sensex and Nifty50.
Tracking strongly positive global cues, shares of Tata Motors, Cochin Shipyard, L&T, JSW Energy, Devyani International, Dixon Tech are in focus today.
On Monday, the Indian equity market closed lower, mirroring losses across Asian peers, as geopolitical tensions escalated following the United States' bombing of three nuclear facilities in Iran.
With Trump announcing a surprising twist to the almost fortnight-long conflict between Israel and Iran, share prices of oil companies will be in focus today.
Nykaa’s parent company, FSN E-Commerce Ventures Ltd., is likely to be in the spotlight on Tuesday, June 24, after global brokerage CLSA initiated coverage on the stock. The counter has risen 6% over the past two sessions.
Oil prices plunged while U.S. stock-index futures surged after President Donald Trump announced a surprise ceasefire agreement between Israel and Iran, fueling hopes that tensions in the Middle East may be easing. West Texas Intermediate (WTI) crude fell as much as 6% during early Asian trading following Trump’s announcement on his Truth Social platform. The development came shortly after Iran launched strikes on a U.S. military base in Qatar.
Crude oil prices on the Multi Commodity Exchange (MCX) slipped below ₹6,000 on the back of easing geopolitical tensions, after U.S. President Donald Trump announced a ceasefire between Iran and Israel.
Indian equities surged in early trade on Tuesday, June 24, with the Sensex rallying over 900 points and the Nifty 50 climbing past the 25,250 mark during the morning session.
The Nifty Oil & Gas index rose over 1% in Tuesday's morning trade, buoyed by a sharp decline in global crude oil prices after news of a ceasefire between Israel and Iran. Shares of BPCL, HPCL, and IOC were among the top performers, each gaining around 4%.
The Nifty 50 climbed above the 25,150 mark in early trade on Tuesday, powered by a sharp rally in public sector bank stocks. Strong buying interest in the financial space—particularly among PSU banks—helped lift the index, as easing geopolitical tensions and improved market sentiment boosted investor confidence.
Shares of KPIT Technologies fell more than 5% on Tuesday after the company issued a mid-quarter update that flagged continued uncertainty in the broader business environment. The decline reflects investor concerns over the firm’s outlook amid evolving market conditions.
HDFC Bank shares saw strong upward momentum in early trading on Tuesday. The stock opened higher at ₹1,965 on the NSE and quickly climbed to an intraday high of ₹1,974.40, coming within striking distance of its record high of ₹1,996.30. The brisk rally reflected robust investor interest during the morning session.
The Sensex kicked off Tuesday’s session on a strong note, opening at 82,534.61, up from its previous close of 81,896.79. The index extended gains rapidly, soaring over 1,000 points to touch an intraday high of 82,937, marking a rise of more than 1%.
Shares of Adani Ports and Special Economic Zone (APEZ), which owns a majority stake in Haifa Port in Israel, rallied up to 5% in intraday trade today on reports of possible ceasefire talks between Israel and Iran.
UGRO Capital has elevated Anuj Pandey as the chief executive officer (CEO) of the company. Anuj is one of the founding team members of UGRO and currently its chief risk officer. Reacting to the news, shares of UGRO Capital surged 6% to ₹184 apiece.
On the BSE Sensex pack, 27 out of 30 stocks traded higher, led by Adani Ports , Ultratech Cement , Tata Steel , L&T, and M&M, rising in the range of 2-4%. The state-owned entities NTPC, Power Grid , and BEL were flashing in red, falling up to 1% amid profit booking.
Ending two sessions gaining streak, shares of defence companies slide up to 6% on Tuesday as geo-political tensions eased. Mazagon Dock Shipbuilders, Bharat Dynamics, Cochin Shipyard, BEML, and Hindustan Aeronautics (HAL), Paras Defence, Garden Reach Shipbuilders, and Cochin Shipyard were among notable losers.
GNG Electronics Limited, India’s largest refurbisher of laptops and desktops, has received Sebi approval for its IPO. The IPO comprises of a fresh issue of equity shares of face value of ₹2 each, aggregating up to ₹450 crores and an offer for sale of up to 51,00,000 equity shares of face value of ₹2 each.
HDFC Asset Management Co. Ltd. has announced the launch of the HDFC Innovation Fund, an open-ended actively managed equity scheme focused on companies embracing innovation across sectors. The New Fund Offer (NFO) opens on June 27, 2025, and will remain open till July 11, 2025.
According to the company, this thematic fund is designed to tap into India’s fast-growing innovation ecosystem, which is being fuelled by a surge in digital adoption, a maturing startup culture, rapid technology disruptions, and government-backed reforms encouraging entrepreneurship and digital infrastructure.