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Informist, Tuesday, Jun. 30, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices may open largely flat or with minor gains; crude down

 

MUMBAI--0813 IST--Benchmark equity indices are seen opening largely flat or with minor gains ahead of the upcoming US-Iran talks in Qatar, with fresh disagreements over control of the Strait of Hormuz clouding hopes of a lasting resolution to the four-month-long conflict in West Asia. Crude oil prices fell in early trade and the August futures contract of Brent Crude was at $72.70 per barrel at 0759 IST. 

 

US President Donald Trump in a Truth Social post late Monday said Iran had requested a meeting and that the meeting would take place in Doha Tuesday. The White House announced that US Special Envoy Steve Witkoff and Senior Adviser to President Trump, Jared Kushner, are scheduled to travel to Doha on Tuesday for discussions with Iranian officials. However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation was not currently scheduled to hold talks with the US and was only visiting Qatar to advance efforts to secure the release of frozen assets, AlJazeera reported. Speaking at the White House Trump defined the objective of the Doha meeting as "it's really very simple, it's the denuclearisation of Iran."

 

"Indian equities are expected to remain cautiously optimistic amid renewed geopolitical tensions in West Asia," Siddhartha Khemka, head of research, wealth management, at Motilal Oswal Financial Services said in a note. Until there is greater clarity on the durability of the ceasefire, geopolitical developments are expected to remain a key driver of global sentiment. Market participants will closely monitor the US-Iran negotiations in Qatar, with initial discussions centred on ensuring safe navigation through the Strait of Hormuz, he added. 

 

The June futures contract of the Gift Nifty indicated a largely flat opening for the domestic market. At 0800 IST, the futures contract was at 23996.50, over 50 points above the Nifty 50's previous close. The Nifty 50 index is currently hovering around the 24000 mark and is testing its 100-day moving average, which is positioned at 24176. The index is also trading above its 20-day and 50-day moving averages, placed at 23674 and 23846 points respectively, reflecting a positive short-term technical structure, Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equities said. 

 

As long as Nifty 50 holds above 23654 points, the overall outlook remains bullish. From a technical perspective, the index is likely to extend its upward move towards the 24500 level, followed by the 25000 mark. Any short-term correction or dip towards the 23800 zone should be viewed as a buying opportunity, as the broader trend continues to favour the bulls, Sundar added.

 

Shares of HDFC Bank will be in focus after the bank appointed Rajiv Kumar, former chief election commissioner of India and former Union finance secretary, as part-time chairman of the bank for three years. Kumar will replace Keki Mistry, who was appointed as the interim part-time chairman of HDFC Bank after Atanu Chakraborty resigned in March citing differences with the management over "values and ethics". The board also approved the appointment of Puneet Sharma as chief financial officer effective from Dec. 1. Sharma had resigned as chief financial officer of Axis Bank on Sunday and will be relieved from the services at the close of business hours Aug. 31. (Arya S. Biju)

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Equity Alert: Asian mkts tad up; investors assess pause in US-Iran hostilities

 

MUMBAI--0804 IST--Most Asian stock indices were marginally higher shortly after open on Tuesday as global investors assessed whether the pause in hostilities between the US and Iran would ease concerns regarding energy supply. Oil prices were down in early trade, with August futures of Brent Crude oil hovering below $73 per barrel. Japan's Nikkei 225 was among the top performers, buoyed by gains in technology stocks. On the other hand, Hong Kong's Hang Seng was among the worst performers.

 

The Nikkei 225 touched an intraday high of 1.6% in early trade, powered by a rebound in technology stocks that has helped drive the gauge's record quarterly gains, according to a Reuters report. The index is poised to record a 36% rise over the past three months, the sharpest quarterly advance according to data going back until 1965, Reuters reported. Other gainers in the region included Taiwan's Taiex, which was up 3% in early trade and the top gainer in the region, while South Korea's Kopsi recovered from its earlier lows and climbed into gains.

 

"Reports that working-level talks between the US and Iran are expected to take place should also provide support for stock prices," Sony Financial Group analysts said in a report. "However, as institutional investors are ‌expected to adjust their portfolios ahead of the end of the quarter today, volatile price movements are possible."

 

China's CSI 300 was up 0.3% during early trade. The country's manufacturing activity in June picked up faster than economists had expected, driven by strong demand for high-tech exports amid the global artificial intelligence boom, according to a CNBC report. The official purchasing managers' index inched up to 50.3 in June, beating the forecast of 50.1, according to data released by the National Bureau of Statistics on Tuesday. In May, the index stood at 50.

 

Following are the levels of key indices in the region at 0755 IST:

 

Index	Level	Change in %
CSI 300 Index	4942.77	0.3
Hang Seng Index	22725.43	(-)1.3
Nikkei 225 Day	70063.6	0.9
TOPIX FIRST SECTION	3993.66	0.3
KOSPI	8394.43	0
FTSE Singapore Strait Times	5180.76	(-)0.5
S&P/ASX 200 Index	8827.3	0.1

 

(Shruti Nair)

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Equity Alert: US Indices end higher Mon; Dow Jones sees record closing high

 

MUMBAI--0725 IST--US stock indices ended higher on Monday amid broad-based gains, with the Dow Jones Industrial Average ending 0.6% higher and closing above the 52000 mark for the first time. This was after Silicon Valley stalwart Alphabet marked its first trading day on the index. The stock ended around 5% higher. Alphabet also supported gains in the S&P 500 and Nasdaq, which closed 1.2% and 2.1% higher, respectively.

 

Among other technology gainers, VanEck Semiconductor closed over 3% higher, recovering from its decline earlier in the session, CNBC reported. In notable individual stock movements, Comcast ended 4.5% higher after the company said it would split its media and technology businesses into two listed entities, with the separation expected to be completed in around a year.

 

The gains on Monday mark the beginning of a shortened trading week on Wall Street, which will be shut on Friday in observance of Independence Day, CNBC reported. "It might be a little bit of light liquidity [due to the holiday-shortened trading week], so you might see bigger-than-expected moves," Joe Tigay, a portfolio manager at Equity Armor Investments, told CNBC. "We also have the end of quarter happening soon, which can cause some window dressing to happen, so advisors are wanting what they report on their quarterly statements to look attractive to their clients, and they've been locking in some gains too."

 

Crude oil prices ended higher on Monday amid a pause in hostilities between the US and Iran after a tense weekend of military escalation. Monday, the August futures contract of Brent Crude oil ended at around $73 per barrel, 1.6% higher than its previous close, as traders assessed whether the pause would ease concerns about energy supply disruptions.

 

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

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	52182.74	0.6
NASDAQ Composite	25820.14	2.1
S&P 500	7440.43	1.2

 

(Shruti Nair)

 

US$1 = INR 94.54

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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