US Stock Market Highlights: Wall Street’s major indices fell on Friday as a deadly Israeli strike on Iranian nuclear facilities heightened tensions in West Asia, shaking global markets and pushing oil prices higher. The Dow Jones Industrial Average fell 400 point. At the opening bell, the S&P 500 dropped roughly 0.9%, while Nasdaq 100 futures lost 1%. Despite the turmoil, Iran’s national oil company confirmed that its refining and storage facilities remained undamaged and fully operational.
Meanwhile, in India, the equity markets recovered from their early lows, but still ended Friday’s session on a lower note. The Nifty 50 closed the day 170 points or 0.68% lower at 24,719, while the BSE Sensex declined 574 points or 0.70% to settle at 81,119.
The big losers in trade included the Oil Marketing companies. HPCL, BPCL and IOC are all down over 3% each as Brent Crude surges over 7% on rising tension between Iran and Israel. Israel struck Iran’s main uranium enrichment facility and indicated that the operation could go on for days. Adani Group stocks are also under severe selling pressure
Dow Futures, as a result, plunged over 600 points on the rising tension. Adding to that, the early cues from Asia are not encouraging at all. Most markets are trading in the red. Japan’s benchmark Nikkei 225 slumped 1.28% while the Topix lost 1.22%. South Korea’s Kospi was down nearly 1%, and the small-cap Kosdaq declined 1.82%.
Why were markets falling today: 3 key reasons
Dow Futures slides over 600 points
Dow Futures had plunged over 600 points. This is after the Israeli attack on Iran. Not only does the attack raise supply concerns across the commodity world but also the possibility of crisis across West Asia could lead to further uncertainty globally.
Brent Crude surges over 7%
The Brent Crude prices surge over 7% on concerns about the supply disruption. The ongoing strikes across West Asia led to concerns about the possibility of supply disruption. JPMorgan in a report stated that the crude prices may spike to $120 in case of an Iran attack; 7% probability of worst-case scenario playing out
Israel strikes Iran
Israel has said earlier today that it had struck Iranian nuclear targets to block Tehran from developing atomic weapons. According to the latest reports from Reuters, explosions were witnessed across the country. The targets include Iran’s main uranium enrichment facility. Calling it a “decisive moment in Israel’s history”, Israeli Prime Minister Benjamin Netanyahu said the country was also targeting Iranian scientists working on a nuclear bomb and missile factories. Netanyahu also indicated that the operations may continue for days.
Share Market live Today | Gold futures and mining stocks surge amid Israel-Iran tensions
Gold-related investments saw significant gains on Friday as investors sought safe havens following Israel's airstrike on Iran.
Gold futures surged to their highest levels since April, rising by 1.3%. The SPDR Gold Shares (GLD) fund followed suit, climbing 1.2%.
Meanwhile, the VanEck Gold Miners ETF (GDX) gained 1.5%, with Newmont Corp. and Barrick Mining leading the charge, both up by 2.1%.
Share Market live Today | Payments stocks drop following Walmart and Amazon stablecoin plans
Shares of payments companies took a hit after the Wall Street Journal reported that Walmart and Amazon are exploring the possibility of launching their own stablecoins in the United States.
Visa, Mastercard, American Express, and Capital One all saw significant declines, with Visa dropping over 6%, Mastercard losing 5%, American Express down 3%, and Capital One falling 2%. Other payments companies were also impacted, with PayPal down 5% and Block slipping 3%.
In contrast, Circle, the issuer of the USDC stablecoin, saw its stock continue to rise following its recent IPO, with additional momentum coming after Shopify announced it would enable merchants on its platform to accept USDC payments starting Thursday.
The potential introduction of stablecoins by large retailers like Walmart and Amazon could disrupt traditional payment methods, such as credit cards and cash, by replacing them in high-volume transactions.
Share Market live Today | Airline stocks slip as oil prices surge
Airline stocks dropped on Friday as a spike in oil prices reignited concerns over rising fuel costs. American Airlines and United Airlines each fell 4%, while Delta Air Lines slipped 3%.
Share Market live Today | Palantir trades higher as geopolitical tensions escalate
Palantir shares climbed roughly 1% on Friday, amid a broad market downturn, as investors turned to defense-linked stocks amid rising geopolitical tensions. The company, which supplies data analytics and intelligence tools to U.S. and Israeli defense agencies, outperformed after Israel launched a series of airstrikes on Iran. Palantir shares have surged more than 80% so far this year.
Share Market live Today | Bitcoin falls to $103,300 after failing to hold breakout gains
Bitcoin dropped to as low as $103,000 on Friday morning , down from nearly $112,000 at the start of the week, following a wave of Israeli airstrikes on Iran. It was last trading around $104,000
Share Market live Today | June consumer sentiment jumps sharply, beats forecasts
In June, consumers showed improvement in sentiment, becoming less pessimistic about the economy and inflation as developments on the tariff front offered some relief. The University of Michigan’s closely followed Survey of Consumers reported a headline sentiment index of 60.5, sharply higher than the Dow Jones forecast of 54 and up 15.9% from May.
Stocks tumbled early Friday after Israel launched airstrikes on Iran, pushing oil prices higher amid increased geopolitical tensions
Share Market live Today | Wall Street set to open lower amid West Asia tensions
Wall Street's main indices set to open lower on Friday after Israel's deadly strike on Iranian nuclear facilities inflamed tensions in the oil-rich West Asia and battered risk sentiment across global markets.
Share Market live Today | Energy stocks climb in premarket as oil prices spike on West Asia escalation
Energy stocks surged in premarket trading Friday as oil prices jumped sharply following Israel’s airstrikes on Iran, increasing fears of supply disruptions from the oil-rich Middle East. The strikes were carried out without U.S. involvement, further fueling geopolitical uncertainty.
Brent crude futures for August delivery rose 7.7% to $74.65 per barrel, while U.S. West Texas Intermediate (WTI) crude for July delivery climbed 8% to $73.52.
Among energy names, Chevron rose nearly 3%, ConocoPhillips advanced over 4%, and EOG Resources gained more than 3% in early trading.
Share Market live Today | Trump gives Iran 60 day ultimatum to “make a deal"
US President Donald Trump announced that he is offering Iran a “second chance” to strike a nuclear deal following a wave of Israeli airstrikes targeting Iran’s nuclear and missile infrastructure.
“Two months ago, I gave Iran a 60-day ultimatum to make a deal. They should have done it! Today is day 61. I told them what to do, but they just couldn’t get there. Now they have, perhaps, a second chance!” Trump wrote on Truth Social.
The statement came shortly after Israeli Prime Minister Benjamin Netanyahu confirmed a “targeted military operation” against key Iranian facilities. According to Netanyahu, Israeli forces struck Iran’s primary nuclear enrichment site at Natanz, eliminated several top nuclear scientists, and delivered blows to the core of Iran’s ballistic missile program.
Share Market live Today | Crude oil spike sparks sharp decline in oil, aviation, paints, and tyre stocks
Shares of sectors including oil marketing companies, aviation, paints, adhesives, and tyres, declined on Friday following a sharp spike in global oil benchmark Brent crude prices amid escalating tensions in the Middle East.
On the BSE, Bharat Petroleum Corporation Ltd fell 1.90%, Indian Oil Corporation dropped 1.78%, and Hindustan Petroleum Corporation Ltd declined 1.41%. In intra-day trade, BPCL tanked 6.11%, Hindustan Petroleum fell 5.34%, and Indian Oil Corporation slipped 3.91%.
Aviation stocks also dropped, with InterGlobe Aviation down 3.71% and SpiceJet declining 1.95%. During the day, SpiceJet plunged 5.64%, while InterGlobe Aviation fell 5.62%.
Global oil benchmark Brent crude surged 8.39% to USD 75.20 a barrel. Among paint stocks, Indigo Paints slipped 2.63%, Berger Paints dipped 0.59%, and Asian Paints edged down 0.14%.
Tyre makers also saw declines, with Ceat slipping 1.35% and Apollo Tyres down 1.13%.
Share Market live Today | Trump warns Iran to accept deal after Israel attacks
US President Donald Trump said that “Iran must make a deal, before there is nothing left.”
Israel’s military airstrikes at Iran targeted nuclear program along with senior military officials.
As of 4 pm. IST, WTI crude oil was up nearly 9% to above $74 a barrel. Dow futures were off by about 500 points.
Share Market live Today | Sensex Nifty50 Updates: Markets today at close
The key equity indices in India ended Friday's session on a lower note. The Nifty 50 closed the session 152 points or 0.61% lower at 24,736, while the BSE Sensex ended 525 points or 0.64% lower at 81,167. The regional war in West Asia erupted between Israel and Iran, bleeding markets around the globe. This development led to a rise in crude oil prices that further dampened investor sentiments.
Share Market live Today | Sensex Nifty50 Updates: Top gainers and losers at this hour
Bharat Electronics, ONGC, Tech Mahindra, Wipro, and Cipla were the top five gainers in the Nifty 50 in Friday's weak market. On the other hand, Adani Ports' stock prices fell the most in the index. It was followed by the State Bank of India, Bajaj Auto, IndusInd Bank, Adani Enterprises, and many others.
Sensex Nifty Today | Stock Market Live Updates: Ventura's take on Friday's weak market owing to crude oil prices
Risk off sentiments dominates as middle east conflicts between Israel and Iran escalate. US stock indices too indicated this impact with a weaker opening. US and Iran too is engaged in a long-standing power struggle. "US-China trade deal optimism was short-lived with limited details as US President Trump once again raises the trade tariff uncertainty, which added to the gold appeal. Gold’s rise is further supported by easing inflation pressures in the US," said NS Ramaswamy Head of Commodity and CRM at Ventura.
Sensex Nifty Today | Stock Market Live Updates: Motilal Oswal on rising crude oil prices
Geopolitical tensions are heating up, and it's impacting the oil market. Israel's airstrikes on Iran have sparked fears of supply disruptions, causing crude oil prices to surge. "The market is now on high alert, waiting to see how Iran will respond. If they retaliate, prices could skyrocket even further. The worry is that the situation could escalate into a full-blown regional crisis, which would have significant implications for global oil supplies," said Navneet Damani, Group Senior Vice President and Head Commodities Research at Motilal Oswal Financial Services. "In a worst-case scenario, the Strait of Hormuz could be shut down, putting 20 million barrels per day of supply at risk."
Sensex Nifty Today | Stock Market Live Updates: Anan Rathi's take on increase in crude oil prices
Since India relies on imports for over 80% of its crude oil needs, a conflict between Iran and Israel could lead to a spike in Brent crude prices. "Iran holds about 9% of the world's oil reserves, and any disruption could impact several key Indian sectors, including oil marketing companies (such as BPCL, HPCL, and IOC), paints (like Asian Paints and Berger Paints), as well as the automobile and cement industries,' said Naveen Vyas, Senior Vice President at Anand Rathi Global Finance.
These sectors may experience demand slowdown or margin pressure if tensions escalate and persist for more than 3–6 months, particularly if Brent crude prices rise above the USD 82–85 per barrel mark, added Vyas.
Sensex Nifty Today | Stock Market Live Updates: Smart buying in weak trade
The Indian equity markets slumped in Friday's trade owing to escalating conflict in West Asia. However, there were a few stocks that saw buying in the weak market. The share price of Oil India surged more than 3%, while the stock price of ONGC rose over 2%. These were followed by Manappuram Finance, whose stocks surged 1.4%, ZEE Entertainment Enterprises was up 1.2%, and the tech major Tech Mahindra's share price saw an uptick of 0.9%. These were the top five stocks on NSE that saw buying in Friday's weak trade.
Sensex Nifty Today | Stock Market Live Updates: PSU Banks fall the most among sectoral indices
The PSU banking stocks have plunged in Friday's weak market. The share price of Union Bank fell the most, losing 3.33% to an intra-day low of Rs 145. It was followed by Indian Oversees Bank that declined 2.45% to Rs 37.60. State Bank of India joined the list of falling banking stocks, ticking down 2% to Rs 790.25. Many other PSU bank stocks dropped in today's trade, all of them were trading in the red. The Nifty PSU Bank slipped 1.45% to 6,915.55, most among the sectoral indices.
Paint stocks are under pressure on the back of rising crude oil prices. As crude constitutes as a key raw material for the paints, any big movement in crude prices can significantly change the overall cost structure.
Stocks like Asian Paints and Berger Paints see significant selling pressure.
A look at the list of Paints and Pigment sector stocks on Financial Express.com
Sensex Nifty Today | Stock Market Live Updates: All Adani Group companies in red
All the stocks in the list of Adani Group are trading lower. The Adani Gorup's market capitalisation eroded by 1.72% in the early trade hours. Out of the 11 stocks, all of them were trading in the red. Adani Green Energy fell the most, erasing 2.5% value. It was further followed by the stock prie of Adani Ports and SEZ that declined 2.5% as the company has a huge exposure in Israel. The cargo shipment company Adani Ports handles Haifa port of Israel, which is one of the largest ports in the eastern Mediterranean in terms of volume.
Sensex Nifty Today | Stock Market Live Updates: What's the big worry for India right now
The Nifty has more or less taken support around the 24,600 mark. The big worry for the markets at this hour revolves around the extent of escalation in the Iran-Israel conflict- Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments outlined that, "The impact on market will depend on how long the conflict lingers. In the near-term the market will be in a risk-off mode. Sectors that uses oil derivatives as inputs like aviation, paints, adhesives and tyres will be hit hard. Oil producers like ONGC and Oil India will remain resilient. Investors can wait and watch how the situation unfolds."
The Indian oil marketing companies are seeing a huge sell-off in their stocks. The Nifty Oil & Gas slipped over 1.4% in Friday's early trade after the crude oil prices jumped over 7%. The stock price of Indraprastha Gas fell the most among the list of oil & gas stocks. IGL fell over 4% to Rs 194.95. Majorly, the dowstream oil companies are slipping in Friday's weak market as they will have to pay out more to buy the crude oil.
Sensex Nifty Today | Stock Market Live Updates: Big crack in OIl Marketing stocks
Indian equyity markets opened sharp gap-down on Friday. The NSE Nifty 50 opened 340 points or 1.36% lower at 24,550 while the Sensex plunged 1,062 points or 1.30% to 80, 630. The markets ticked down sharply owing to the conflict in West Asia region. Israel conducted a air strike on Iran late Thursday night after that Israeli Defence Minister Isareal Katz said, "Following the State of Israel's preemptive strike against Iran, a missile and drone attack against the State of Israel and its civilian population is expected in the immediate future."
Sensex Nifty Today | Stock Market Live Updates: Nifty unlikely to breach 24,000?
There is expectation that the Nifty may slip lower from the 24,800 level. The first stop for the Index is seen around 24,400. However most market observers say that it could slip further to 24,000 level. But the Nifty may not slip below that.
Anand James, Chief Market Strategist at Geojit Investments outlined that, "Yesterday’s plunge has effectively put an end to the near term uptrend. We will however wait for up swings to be attempted once in the 24,640 vicinity, but with 25,100 as the upside marker for the day. Expect Nifty around 24,445 and it may slip further to 24,060, if it is unable to float above 24,640. "
Sensex Nifty Today | Stock Market Live Updates: Crude prices surge 5%
Crude prices have jumped more nearly 7% hitting multi-month highs after after Israel's strike on Iran. This pre-emptive action has dramatically escalated tension in the West Asia region and raised worries about oil supplies getting disrupted.
Brent crude futures surged 7% to $74.65 a barrel.
For all the latest on the crude, you can read
Crude oil prices jump over 7% as Israel strikes Iran, rattling investors
Sensex Nifty Today | Stock Market Live Updates: Dow Futures slide further
Dow Futures have plunged over 600 points now on the back of the Israeli attack on Iran. Israel has launched attack on Iran’s nuclear and missile sites. This has sent jitters across global markets. The Dow Futures along with GIFT Nifty are trading deep in red on concerns about the strikes escalating further and geo-political tension deepening.
Sensex Nifty Today | Stock Market Live Updates: GIFT Nifty indicates gapdown opening
The GIFT Nifty is down 300 points after the Israeli attack on Iran. The risk of geopolitical uncertainty is sending shockwaves across global markets. The Dow Futures are down 500 points and the markets across rest of Asia too are down with significant losses.
All eyes are on the Nifty levels.