Opening Bell : Benchmarks likely to make gap-down opening amid escalating geopolitical tensions
Indian equity markets are likely to make a gap-down opening on Monday, amid escalating geopolitical tensions after the US directly entered the Israel-Iran conflict. Traders may also remain watchful ahead of HSBC Flash India Composite Purchasing Managers' Index data. However, downside may be limited due to ongoing foreign fund inflows by foreign institutional investors (FIIs).
Some of the key factors to be watched:
Net direct tax collection dips 1.39% to Rs 4.59 lakh crore: Government data showed that net direct tax collection so far this fiscal year dropped 1.39 per cent to Rs 4.59 lakh crore, on slowdown in advance tax mop-up and higher refunds.
Eight core sectors' growth slows down to 0.7% in May: Government data showed that India’s eight core sectors’ growth slowed down to 0.7 per cent, lowest in nine months, in May 2025 against 6.9 per cent in the same month last year.
India's forex reserves rise $2.29 billion to $698.95 billion: RBI said that India's forex reserves rose $2.294 billion to $698.95 billion for the week ended June 13. The overall reserves had increased by $5.17 billion to $696.65 billion for the previous reporting week ended June 6.
Finance Ministry pitches for improving export cargo facilities on ports: A finance ministry report has made a case for improving gate infrastructure including IT systems, scanning facilities, temperature-controlled facilities for perishable export cargo across ports.
India's oil supplies sufficient for several weeks: Oil Minister Hardeep Singh Puri said that India, the world's third-largest oil importer and fourth-biggest gas buyer, has enough energy supplies to meet requirements for several weeks and continues to receive supplies from several routes.
On the global front: The U.S. markets ended mostly in red on Friday, as investors remained cautious following a report released by the Federal Reserve Bank of Philadelphia indicated a weak regional manufacturing activity in the month of June. Asian markets are trading mostly in red on Monday, after the US launched strikes on nuclear sites in Iran, intensifying fears of a wider conflict in Middle East.
Back home, Indian equity benchmarks rebounded sharply by over 1 per cent on Friday after sliding for the past three sessions, propelled by bargain hunting in Telecom, Realty and Utilities stocks amid a correction in global crude prices. Finally, the BSE Sensex rose 1046.30 points or 1.29% to 82,408.17 and the CNX Nifty was up by 319.15 points or 1.29% to 25,112.40.
Some of the important factors in today’s trade:
RBI issues project finance norms for banks, NBFCs: The Reserve Bank has issued norms to provide a harmonised framework for financing of projects in infrastructure and non-infrastructure sectors by banks, NBFCs and other regulated entities.
Foreign investors extend buying spree in Indian equities: The exchange data showed Foreign Institutional Investors (FIIs) extended their buying spree for the third consecutive session, purchasing equities worth Rs 934 crore on Thursday.
Govt imposes curbs on gold imported in certain forms: The government has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in liquid.
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