Indian Stock Market on June 17: 8 Things That Changed Market Sentiment

Indian Stock Market on June 17:

The Indian stock market is expected to start weak on Tuesday due to mixed signals from both global and domestic markets. Here’s a look at the key factors affecting the market today.

Indian Stock Market on June 17:

Gift Nifty weak start

Gift Nifty was trading at 24,970 — nearly 26 points lower than its previous close — suggesting a weak opening for the Nifty 50 index. This signals a cautious start for investors.

US Market Improvement

The US stocks performed well overnight. The Nasdaq jumped by 1.52% — its biggest daily percentage gain since May 27 — while the S\&P 500 rose by 0.94%. The Dow Jones Industrial Average was up by 0.75%. This strong performance was influenced by growing hopes for de-escalation in the Iran-Israel conflict.

Israel and Iran Tensions

Conflict between Iran and Israel remained a key concern for investors. Iran called for a ceasefire, while US President Donald Trump rushed back from the G7 Summit due to growing tensions. This ongoing conflict may add nervousness to the financial markets.

Employment Data in India

India’s unemployment rate jumped to 5.6% in May from 5.1% in April. This was due to a drop in farm activity, reflecting weakness in employment, especially for women. The employment rate for women stands at 5.8% — higher than for men, which is at 5.6%. This may raise worries about the country’s economic health.

Rise in Crude Oil Prices

Brent crude oil jumped 1.58% to \$74.39 per barrel, while US West Texas Intermediate crude rose 1.56% to \$72.89 per barrel. Rising oil prices can contribute to growing inflation worries.

Safe Haven Gold Demand

Spot gold price rebounded by 0.5% to \$3,399.90 per ounce, reflecting growing investor nervousness. Gold futures were up by 0.1% at \$3,419.20.

Currency Market

The US dollar held its ground, while most currencies stayed within tight ranges. The dollar index was up slightly at 98.23. The euro fell by 0.1% to \$1.1545, while the British pound slipped by 0.09% to \$1.3563. The Japanese yen fell to 144.70 per dollar.

Disclaimer: The above details are for information purposes only and do not constitute financial advice. Please consult a financial expert before making investment decisions.

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