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Indices add more points after Trump says Israel, Iran ceasefire in effect
Jun-24-2025

Domestic equity indices added more points and were trading higher by around 1.25 percent each in late morning deals as market participants indulged in enlarging their positions. The session was also jubilant for broader indices, which were trading with solid gains. Falling crude oil prices and positive cues from the global markets supported domestic sentiments. Sentiments got boost after United States President Donald Trump said that the Iran-Israel ceasefire he announced earlier was in effect, following the Iranian state-linked media saying that Tehran had fired its last round of missiles at Israel. All the sectoral indices on the BSE were trading in green led by Metal, Telecom, Basic Materials, Auto and Bankex.

On the global front, Asian markets were trading in green, following positive cues from the US markets overnight, as geopolitical tensions eased. Back home, oil marketing companies (OMCs), paint, aviation, and tyre stocks were in focus after crude oil futures prices fell over 3.5%. 

The BSE Sensex is currently trading at 82864.90, up by 968.11 points or 1.18% after trading in a range of 82360.04 and 82930.61. There were 28 stocks advancing against 2 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.86%, while Small cap index up by 1.04%.

The top gaining sectoral indices on the BSE were Metal up by 1.91%, Telecom up by 1.83%, Basic Materials up by 1.66%, Auto up by 1.62% and Bankex up by 1.21%, while there were no losers. 

The top gainers on the Sensex were Adani Ports up by 3.89%, Ultratech Cement up by 2.97%, Tata Steel up by 2.59%, Mahindra & Mahindra up by 2.38% and Larsen & Toubro up by 2.24%. On the flip side, NTPC down by 1.03% and Bharat Electronics down by 0.91% were the only losers.

Meanwhile, amidst ongoing Israel-Iran conflict, the Federation of Indian Export Organisations (FIEO) has indicated that the conflict could impact demand and logistics in the short term, especially in the Gulf region which serves as a crucial hub for Indian exports. It added that this conflict may also lead to increased shipping costs, longer transit times, and hike in marine insurance premiums.

Talking about impact of the war on country's trade, FIEO President S C Ralhan said that the movement of consignments through Strait of Hormuz are still open and freight rates are stable so far. He also raised concerns about both inflation and logistics costs amid volatility in crude oil prices. However, he added that country's diversified energy procurement strategy and the Reserve Bank's proactive stance will help maintain liquidity and macroeconomic stability. 

Ralhan said though there are temporary headwinds, they see this as an opportunity for Indian exporters to explore alternate routes, strengthen regional partnerships, and consolidate India's role as a reliable trade partner in uncertain times. He noted that while both Iran and Israel are important trading partners of the country, they constitute a small share of overall export-import basket. He also said the government and industry are jointly monitoring developments to ensure minimal disruption.

The CNX Nifty is currently trading at 25283.50, up by 311.60 points or 1.25% after trading in a range of 25118.50 and 25286.25. There were 46 stocks advancing against 4 stocks declining on the index.

The top gainers on Nifty were Adani Ports up by 3.77%, JIO Financial up by 3.21%, Ultratech Cement up by 2.89%, Tata Steel up by 2.73% and Adani Enterprises up by 2.44%. On the flip side, ONGC down by 2.62%, Bharat Electronics down by 0.94%, Indusind Bank down by 0.92% and NTPC down by 0.68% were the few losers.

All Asian markets were trading higher; Hang Seng advanced 454.44 points or 1.92% to 24,143.57, Jakarta Composite gained 74.93 points or 1.09% to 6,862.07, Shanghai Composite strengthened 34.85 points or 1.03% to 3,416.43, Straits Times rose 16.54 points or 0.43% to 3,895.80, KOSPI increased 80.61 points or 2.67% to 3,095.08, Nikkei 225 surged 462.68 points or 1.21% to 38,816.77 and Taiwan Weighted added 444.22 points or 2% to 22,176.24.

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