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Informist, Tuesday, Jun. 16, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian mkts mixed as sentiment stays cautious over US-Iran deal

 

MUMBAI--0830 IST--Stock indices in Asia were mixed in early trade even as their US peers ended higher after US President Donald Trump announced that a preliminary agreement between the US and Iran had been signed. The two countries are expected to sign the final deal on Friday in Switzerland. While crude oil prices remained stable at around $83 per barrel, sentiment in the region was more measured amid ambiguity over the deal and expectations of a rate hike by Bank of Japan. Indonesia's IDX Composite was the highest gainer in the region, rising over 4%, while Hong Kong's Hang Seng, down over 1%, fared the worst among peers in the region.

 

Although news of a preliminary deal drew initial investor relief on Monday, the excitement was tempered by continued aggression by Israel over the past few days, putting Washington's goals in conflict with Israel's. Ambiguity over the specifics of the peace deal also left room for uncertainty. "While it is an important diplomatic breakthrough that should remove a key source of market volatility, the durability of the deal is likely to be tested in the future," Reuters cited a research note by Westpac analysts. "Many sticking points, including the fate of Iran's nuclear programme, were left to be resolved in subsequent negotiations."

 

Investors will also closely watch out for the Bank of Japan's decision at the end of its two-day policy meeting. The central bank is set to raise interest on ‌Tuesday as it attempts to address price pressures from the energy shock caused by the US-Iran war, according to a Reuters report. The regulator is widely seen raising its short-term policy rate to 1% from 0.75%, taking borrowing costs to levels not seen since 1995. The hike would be the first since December and reflects the general shift in central banks towards tighter policy to combat inflation, including the European Central Bank.

 

The following were the levels of major Asian indices at 0825 IST:

 

Index	Level	Change in %
CSI 300 Index	4901.64	0.2
Hang Seng Index	24520.22	(-)1.3
Nikkei 225 Day	69234.42	(-)0.12
TOPIX FIRST SECTION	3988.37	(-)0.28
KOSPI	8696.72	1.76
FTSE Singapore Strait Times	5091.04	0.27
S&P/ASX 200 Index	8876	(-)0.43

 

(Shruti Nair)

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Equity Alert: Indices may open flat or slightly up; Asian peers mixed, oil up

 

MUMBAI--0825 IST--The domestic equity market may open largely flat or with slight gains Tuesday taking cues from its Asian peers, which showed a mixed trend in the early trade as investors awaited further details on the  preliminary agreement between the US and Iran to end the almost four-month long war. Crude oil prices inched up in early trade on concerns about lack of details in a peace agreement reached between the warring parties and over the potential reopening of the Strait of Hormuz. 

 

The August futures contract of Brent Crude on the Intercontinental Exchange inched up slightly from the previous close to $83.24 per barrel at 0814 IST. US President Donald Trump Monday said the Strait of Hormuz would fully open Friday, when the US and Iran are set to sign a peace deal in Switzerland. "The deal is already signed and the strait is already partially opened...Ships are starting to go out now, and on Friday it will be completely opened," he said. However, senior US officials, briefing reporters around the same time, said it could take more than two weeks to resume normal shipping operations in the strategic channel, according to a Dow Jones Newswires report.       

  

While the preliminary agreement reached between the  US and Iran for a peace deal boosted investor sentiment Monday, concerns about the durability of the deal are likely to be tested, according to analysts. While some analysts were expecting the short-term rally to continue, many see the market may not reach the pre-war level until the final deal is signed and as investors wait for more information about the final agreement before putting large money into equities.      

 

The June futures contract of the Gift Nifty indicates an over 100 points gap-up opening for the Nifty 50. At 0808 IST, the futures contract was at 23966.50, up around 113 points from the Nifty 50's previous close. "We reiterate our sideways view on the Nifty (50) index as long as it remains below the 24000 mark," Vipin Kumar, technical and derivatives analyst at Globe Capital Market, said. "A decisive close above 24000 (points) could propel it (Nifty 50) toward the 24400–24600 zone in the immediate near term. Conversely, sustained trading below 23600 (points) could push the index toward the lower band of its congestion range at 23000," (Arya S. Biju)

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Equity Alert: US indices end higher Mon on news of preliminary US-Iran deal

 

MUMBAI--0745 IST--US stock indices ended higher on Monday as expectations of a US-Iran peace agreement rose after US President Donald Trump Monday said that a preliminary deal between the two warring parties had been signed. As crude oil prices tumbled, indices gained for the third session in a row and the Dow Jones Industrial Average hit a record close and also touched a new all-time intraday high. 

 

The preliminary agreement between the US and Iran would extend the ceasefire announced in April by another 60 ‌days and reopen the Strait of Hormuz, which has been effectively blocked since the start of the conflict in February, according to a report by Reuters. "It seems real this time as both rates and oil have broken through key levels," CNBC quoted Brian Mulberry, chief market strategist at Zacks Investment Management, as saying. The development "should alleviate pressure on the FOMC (Federal Open Market Committee) commentary, and that is good news long term for this market." Since the news of the deal, crude oil prices have shed nearly 5% and are currently around $83 per barrel.

 

Monday, technology stocks rallied, with Elon Musk's SpaceX ending around 20% higher in their second day of trading after the company's blockbuster initial public offering on Friday. The stock closed at around $193 on Monday. Chipmakers also saw gains on Monday with Nvidia closing 3.5% higher, and Micron ending 10.8% higher.

 

The US Federal Reserve's policy update, due Wednesday, will be in focus this week, marking Chair Kevin Warsh's first policy meeting since he took over from Jerome Powell. A resumption of oil flows from West Asia and easing crude oil prices could give the central bank room to hold interest rates steady instead of raising borrowing costs. Most participants expect the Federal Reserve to leave interest rates unchanged this week, according to ‌CME Group's FedWatch Tool.

 

Following were the closing levels of US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51671.03	0.92
NASDAQ Composite	26683.94	3.07
S&P 500	7554.29	1.65

 

(Shruti Nair)

 

US$1 = INR 94.71

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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