Markets expected to open flat-to-weak on Tuesday amid mixed global signals, Middle East tensions, and a rise in India’s unemployment rate to 5.6%.
June-17, 2025: The Indian stock market is poised for a tepid start on Tuesday, June 17, 2025, as investors navigate mixed global cues, a flare-up in the Israel-Iran conflict, and domestic economic indicators including a rise in unemployment data. Here are eight key developments shaping market sentiment today:
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1. Gift Nifty Indicates Flat Start
Gift Nifty was trading at 24,970, around 26 points below Nifty futures’ previous close, indicating a subdued open for benchmark indices Sensex and Nifty 50. The market’s muted tone follows Monday’s rebound, where Nifty rose by 0.92% and Sensex by 0.84%, snapping a two-day losing streak.
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2. Israel-Iran Conflict & Global Tensions
Heightened geopolitical stress continues to weigh on investor confidence. Iran has called on U.S. President Donald Trump to mediate a ceasefire, while Trump issued an urgent advisory asking “everyone to evacuate Tehran.” These developments are pushing markets to remain cautious.
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3. Asian Markets Trade Mixed
Asian indices showed no clear direction ahead of the Bank of Japan’s policy decision.
- Nikkei 225: +0.21%
- Kospi: +0.29%
- Kosdaq: –0.17%
- Topix: Flat
- Hang Seng: Indicated a stronger opening
4. Wall Street Rallies on De-escalation Hopes
The Nasdaq Composite surged 1.52%, marking its best day since May 27, while the Dow Jones rose 0.75%, and the S&P 500 gained 0.94%. The rally was fueled by investor optimism over possible de-escalation in the Middle East and solid gains in tech stocks.
Notable movers:
- Nvidia: +1.92%
- AMD: +8.81%
- Tesla: +1.17%
- Sarepta Therapeutics: –42.1% (plunged on failed trial results)
5. India’s Unemployment Rate Rises to 5.6%
According to the second monthly labour force report, India’s unemployment rate rose from 5.1% in April to 5.6% in May, largely due to a drop in agricultural activity.
- Female unemployment: 5.8%
- Male unemployment: 5.6%
This trend could weigh on sentiment, especially in consumption-sensitive sectors.
6. Crude Oil Prices Climb
Brent crude rose 1.58% to $74.39 per barrel, while WTI crude gained 1.56% to $72.89, driven by Middle East war risk premiums. The surge may impact India’s import bill and inflation outlook.
7. Gold Prices Rebound on Safe-Haven Demand
Amid geopolitical tension and ahead of the US Fed’s policy review, gold prices firmed:
- Spot gold: +0.5% to $3,399.90/oz
- Gold futures: +0.1% to $3,419.20/oz
8. US Dollar Edges Higher
The US Dollar Index rose to 98.23, strengthening slightly against major currencies:
- Euro: –0.1% to $1.1545
- Sterling: –0.09% to $1.3563
- Japanese Yen: Strengthened to 144.70 per dollar
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Indian stock market today, Sensex, Nifty 50, Gift Nifty, Israel Iran war, India unemployment rate, global market cues, oil price, gold price, US stock rally, Asian markets, Bank of Japan policy