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Informist, Monday, Jun. 29, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen opening flat as mkt assesses W Asia developments

 

MUMBAI--0823 IST--Headline equity indices are expected to open largely flat tracking their Asian peers, which showed a mixed trend in early trade as market participants continue to assess latest developments in the West Asia war amid growing caution over renewed hostilities. Crude oil prices inched up in early trade but were still hovering around $72-$73 per barrel as the US and Iran agreed to halt recent hostilities that had cast a shadow over the interim peace deal. Analysts expect the benchmark Nifty 50 index to continue its consolidation in the 23800–24260 spot zone. 

 

In the latest development, the US and Iran have agreed to suspend military operations and resume high-level talks in Qatar Tuesday in an effort to preserve their fragile peace agreement after days of escalating military strikes pushed the deal to the brink, Axios reported, citing a senior US official. The breakthrough comes just 11 days after US and Iran announced an interim agreement aimed at ending the four-month-long war in West Asia. However, despite the renewed diplomatic push, tensions remain high following renewed strikes by both sides and US President Donald Trump's threat to restart the war and "complete the job." The renewed fighting was sparked by competing interpretations of the memorandum of understanding to end the war — especially its terms on the Strait of Hormuz, according to Axios.

 

Sunday, Iran's foreign minister, Abbas Araghchi, said his country was solely responsible for managing the Strait of Hormuz. He warned against interference with managing routes through the waterway, the Barrons reported, citing accounts of his press conference. Trump said late Sunday that US aircraft had struck Iranian missile and drone storage locations and coastal radar sites in retaliation for violating the ceasefire. Early Sunday, Iran began drone and missile strikes on Bahrain and Kuwait, which said they had intercepted them, according to reports. Meanwhile, there were reports of fighting in Lebanon.

 

The June futures contract of Gift Nifty indicated a largely flat opening for the domestic market. At 0809 IST, the futures contract was at 24089.50, 33 points above Nifty 50's previous close. Thursday, the Nifty 50 index settled with a second consecutive Doji candlestick on the weekly chart, showing indecisiveness among traders or the continuation of the ongoing sideways move in the 23800–24260 spot zone, Vipin Kumar, technical and derivatives analyst at Globe Capital Market, said. Moving ahead, a break on either side of the 23800–24260 points range will open the floor for a 300–400 point move in that direction, he added. (Arya S. Biju)

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Equity Alert: Asian indices mixed as investors assess US-Iran tensions

 

MUMBAI--0816 IST--Indices in Asia were mixed in early trade as investors in the region continued to assess developments in West Asia. On Sunday, the US and Iran agreed to halt recent hostilities that weighed down optimism towards the interim peace deal. South Korea's Kospi shed nearly 2% and was the worst performer among Asian indices, while Hong Kong's Hang Seng was the top gainer in the region.

 

Following the exchange of strikes between the US and Iran over the last few days, oil prices, which had hit pre-war levels last week, saw an uptick. At 0815 IST, August futures of Brent Crude oil were around $72 per barrel, up 0.3%. "Both sides (the US and Iran) will stand down for now and vessels can move freely," a senior Trump official said on Sunday. Subsequently, futures tied to major US indices were up 0.2-0.5?rly on Monday. Saturday, US President Donald Trump said Iran had violated the ceasefire agreement and that US aircraft struck Iranian missile and drone storage locations.

 

"It feels like we are lacking a bit of direction," Nick Twidale, chief market strategist at ATFX Global in Sydney, told Reuters. "We may get a shot in the arm later today from more positive news out of the Middle East...but at the moment I think it's going to be a bit of a flow-driven day without major moves to either side."

 

Monday, the Kospi was down over 2% in early trade as index heavyweights SK Hynix and Samsung Electronics shed 4% and 5%, respectively. This comes after Korea Economic Daily reported that the two semiconductor giants were expected to unveil investment plans worth over $1 trillion for the next 10 years on Monday. The event marking the announcement will be chaired by President Lee Jae Myung, the presidential office said Sunday.

 

The news comes amid investor concern that ‌valuations of AI-related companies have become stretched following years of gains and have weighed on markets. Technology stocks all over the world saw sustained selling in the last week. 

 

Japan's Nikkei 225 was down 0.7% in early trade. On the other hand, Hong Kong's Hang Seng was up 1.5?ch and outperformed peers in the region.

 

Following are the levels of key indices in the region at 0812 IST:

 

Index	Level	Change in %
CSI 300 Index	4883.24	0.3
Hang Seng Index	23005.15	1.5
Nikkei 225 Day	68869.43	(-)0.7
TOPIX FIRST SECTION	3959.52	(-)0.1
KOSPI	8260.08	(-)1.8
FTSE Singapore Strait Times	5186.96	(-)0.1
S&P/ASX 200 Index	8777.5	0.2

 

(Shruti Nair)

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Equity Alert: US indices end lower on Fri amid sell-off in technology stocks

 

MUMBAI--0728 IST--All three major US stock indices ended in negative territory on Friday as investors continued to sell technology stocks. The technology-heavy Nasdaq closed 0.2% lower and fared worse than its peers. The index ended lower for the fifth straight session. During this period, it shed nearly 5%.

 

Stocks of chip-making companies led the losses on Friday, with shares of Micron Technology ending nearly 7% lower, while Advanced Micro Devices lost 2%. Shares of Intel closed over 3% lower. This was after a report by The New York Times claimed that OpenAI planned to delay its initial public offering to next year due to the poor performance of Elon Musk's SpaceX following its debut as well as the broader volatility in artificial intelligence-related stocks.

 

The report raised concerns about the "sustainability of their infrastructure spending given the delay in funding from the capital markets," CNBC reported, citing a note by JPMorgan traders.

 

"I still over the next 12 months would bet on chip stocks and AI infrastructure stocks outperforming because the demand is just so insatiable," Ross Mayfield, investment strategist at Baird, told CNBC. While there is "a little bit of catch-up to be played by some of the laggards," Mayfield continued, "I don't necessarily think that this is a full-on rotation where AI infrastructure names are going to be laggards for the next 12 months or anything like that."

 

While technology stocks lagged on Friday, shares of healthcare companies saw gains. Eli Lilly closed over 7% higher, while Johnson & Johnson gained almost 4%. Pharmaceutical player AbbVie advanced more than 4%.

 

Futures of major US indices were marginally higher early on Monday after the US and Iran agreed to stand down following the exchange of strikes over the past few days. Futures tied to the three main US indices were up 0.2-0.6?rly on Monday.

 

Following were the closing levels of major US indices on Friday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51876.11	(-)0.1
NASDAQ Composite	25297.62	(-)0.2
S&P 500	7354.02	(-)0.1

 

(Shruti Nair)

 

US$1 = INR 94.40

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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