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Markets likely to make cautious start amid mixed global cues
Jun-17-2025

Indian equity markets are likely to make a cautious start on Tuesday, tracking mixed global cues amid escalating tensions in the Middle East due to the Israel-Iran conflict. Additionally, ongoing outflows from foreign institutional investors (FIIs) may weigh on investor's sentiments. 

Some of the key factors to be watched:

India's exports dip 2.17% to $38.73 billion in May: Government data showed that India's exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in petroleum goods' shipments, while trade deficit narrowed to $21.88 billion during the month.

Unemployment rate rises to 5.6% in May: Government data showed that the rate of unemployment in the country, measured in monthly term, rose to 5.6 per cent in May from 5.1 per cent in April this year mainly due to seasonal variation.

Early rains dampen fuel demand growth in June: Provisional industry data showed that early rains in several parts of the country dampened fuel consumption in June, with diesel slipping to negative territory again after two months of growth.

Commerce Secretary says would like to conclude early tranche of trade pact with US before July 9: Commerce Secretary Sunil Barthwal said that negotiations for the proposed India-US trade agreement are in good progress and the two sides are expected to agree on an early tranche of the pact before July 9.

India hopeful of positive outcome from talks over China’s rare earth import issue: Commerce Secretary Sunil Barthwal said that India is hopeful of a positive outcome from its engagement with China to address issues related to Beijing's export curbs on rare earth magnets, which are mainly used in the auto sector.

On the global front: The U.S. markets ended in green on Monday, as traders look ahead to a meeting of major world leaders at the G7 summit in the Canadian Rockies later this week. Asian markets are trading mostly in green on Tuesday, as investors are monitoring developments in the Israel-Iran conflict.

Back home, Indian equity benchmarks rebounded by nearly 1 per cent on Monday following value buying in IT, TECK and Oil & Gas stocks and a rally in global shares amid a drop in Brent crude oil prices. Finally, the BSE Sensex rose 677.55 points or 0.84% to 81,796.15 and the CNX Nifty was up by 227.90 points or 0.92% to 24,946.50. 

Some of the important factors in trade:

WPI inflation dips to 0.39% in May: Wholesale price inflation (WPI) declined to 0.39 per cent in May as prices of food articles, manufactured products, and fuel eased. WPI-based inflation was 0.85 per cent in April. It was 2.74 per cent in May last year.

Govt must urgently review energy risk scenarios amid intensifying Israel-Iran conflict: With the Israel-Iran conflict intensifying, the Global Trade Research Initiative (GTRI) has said that the government must urgently review energy risk scenarios, diversify crude sourcing, and ensure strategic reserves are sufficient. 

FPIs stay net sellers for third session: Foreign portfolio investors (FPIs) remained net sellers of Indian equities for the 3rd straight session on Friday, offloading stocks worth Rs 1,263.52 crore, according to the provisional data from the National Stock Exchange.
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