More Stories

Informist, Monday, Jul. 13, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Domestic indices to open sharply down as US-Iran war intensifies

 

MUMBAI--0815 IST--India's headline indices are expected to open sharply lower amid renewed escalation in the West Asia war and a rise in crude oil prices. Last week, analysts had said that if the situation in West Asia worsened, there may be a decline of up to 3-4% in the benchmark indices. Over the weekend, Iran ordered to close the Strait of Hormuz, straining the transit of shipments through the route and also targetted Gulf nations. In response to Tehran's aggression, the US launched fresh trikes against Iran early Monday. Following this, other Asian indices have been lower since open.   

 

"Iran's strikes on US military bases and assets stationed in the southern Persian Gulf constitute a legitimate and lawful exercise of its inherent right to self-defense under international law," Esmaeil Baqaei, spokesperson of Iranian foreign affairs ministry said in a post on X. With such escalations in the West Asia war, the crude oil prices have risen sharply; however, they stayed below $80 a barrel. At 0759 IST, the near-month futures contract of Brent crude oil traded on the Intercontinental Exchange rose over 3% to $79.27 a barrel. 

 

In the near term, the market is expected to consolidate and there is a reflection of diffidence and indecisiveness among investors, analysts said. "A break on either side of the 23800–24600 range will trigger the next short-term directional move, hence, we suggest that traders adopt a stock-specific trading approach for the time being," said Vipin Kumaar, assistant vice president – Globe Capital Market.

 

At 0737 IST, the July contract of GIFT NIFTY was at 24042.50, down 158 points or 0.7%. This was over 200 points lower than than the Nifty 50's close level on Friday. The index had settled at 24206.90 points, up by 244.10 points or 1%. The index closed higher for the second straight session but has not recouped losses it made after US President Donald Trump ended the peace deal with Iran.

 

Major support for the Nifty 50 remains at 23000 points for the near term, but any breach of 23750 points would lead the Nifty 50 to consolidate, Chola Securties said in a note. Intraday resistance is seen around 24500 points and support at 24000 points, the broking firm said. (Gopika Balasubramanium)

---

 

Equity Alert: US indices end up; futures fall as Iran targets US facilities

 

MUMBAI--0659 IST--US indices closed higher Friday after the debut of SK Hynix on Nasdaq boosted sentiment. Stock futures fell slightly Sunday night as investors weighed the recent exchange of heavy missile and drone assaults between the US and Iran. Tehran targeted US facilities in Qatar and the United Arab Emirates Sunday and said it had closed the Strait of Hormuz.

 

The S&P 500 ended marginally higher Friday, supported by a rally in technology stocks. The Dow Jones Industrial Average ended slightly up. Improved profit estimates have brought the S&P 500 price-to-earnings multiple to around 20 times forward earnings, down from 21 times late May, despite the index remaining close to record highs, according to a Reuters report.

 

The American Depository Receipts of South Korean chipmaker SK Hynix rose 13% on listing Friday. The company had raised $26.5 billion at $149 per ADR. The ADR pricing was at a 2.7% premium to the company's average share price in Seoul over the previous three trading sessions, according to CNBC. This indicates the enthusiasm for chip stocks is still intact even after the recent pullback due to the concerns about slower artificial intelligence spending. SK Hynix, a global leader in high-bandwidth memory chips used in AI processors, plans to use the funds raised to expand manufacturing capacity and strengthen its presence in the US market.

 

Shares of Micron have climbed 771% over the last 12 months. SK Hynix's US listing may improve its valuation by attracting more investors. Even with its dominance in chips, SK Hynix is valued at 5.8 times forward earnings, below Micron's 7 times, according to LSEG data cited in a Reuters report.

 

Meta Platforms was up nearly 6%. Delta Air Lines was down nearly 2?spite forecasting third quarter profit above expectation. Investors are now shifting their focus to the upcoming second quarter earnings season, US economic data, and June inflation figures, which could influence the US Federal Reserve's interest rate decisions. US trading volumes were relatively low as 14.5 billion shares were traded Friday compared with an average of 22.4 billion shares over the previous 20 trading sessions.

 

Following were the closing levels of major US indices Friday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52637.01	0.29
NASDAQ Composite	26281.60	0.29
S&P 500	7575.39	0.42

 

(Deesha Jadhav)

 

US$1 = INR 95.32

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

 

Edited by Akul Nishant Akhoury

 

All prices from the 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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.