Market commentary: Markets in green as oil price rise remains subdued
By Ankur Chandra | Published at: Jun 16, 2025 02:13 PM IST
Indian equity markets are in green after showing some initial hesitation and volatility at the start of the day. At 2:00 p.m. Indian Standard Time, 16th June, 2025, Nifty 50 is up by 219.55 points or 0.89%. Sensex is up by 675 points or 0.83%.
Indian markets, along with other Asian markets are rising today, in spite of the continued conflict between Israel and Iran. Early dawn today, at around 4 a.m. Israeli time, Iran launched a major missile attack on Tel Aviv and Haifa, a port city in Israel. More than 8 civilians are reportedly dead in the attack. The risk of further escalation in the conflict still remains.
Rise in oil prices is somewhat subdued today. At 1:45 Indian Standard Time today, WTI crude is down by 0.60%, trading at $72.60 per barrel. Brent Crude is down by 0.70%, trading at $73.78 per barrel.
Top gainers & losers
Top gainers at Nifty 50 at this time are HDFC Life, SBI Life, Tech Mahindra. Top losers at Nifty 50 at this time are Tata Motors, Dr Reddy’s and Adani Ports. Just 4 of the 50 stocks at Nifty 50 are declining at this time.
Life insurance stocks are gaining today after new business premiums of life insurance companies increased year-on-year by 12.68% in May, to Rs 30,463 crore. Sun Pharma’s stock is among the top losers today after US FDA inspection at one of its facilities resulted in 8 adverse observations.
All the broad market indices are in green at this time except for Nifty Microcap 250. It is down by 0.10%. Top gainer at this time is Nifty 100 index. It is up by 0.83%. Many large cap stocks are gaining today.
IT stocks gaining today
All the sectoral indices are also in green at this time. IT stocks are gaining today. Nifty IT index is up by 1.60%. TCS’ stock price is up by more than 1.6% at this time. The company has won a new deal from Danish retailer Salling Group.
Market breadth is negative
Market breadth, however, is negative at this time. 1306 stocks are advancing; 1462 stocks are declining at this time. VIX index has risen sharply today. It is up by more than 10% at 19.94 level. Markets are therefore expecting volatility to increase over the next 30 days.
Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest. To correct any error write to content@hdfcsec.com.
Source: NSE
