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19-06-2025
NEW DELHI/ TEHRAN: India’s benchmark indexes fell on Tuesday as investors stayed on edge after US President Donald Trump urged Iranians to evacuate Tehran, stoking fears of a broader regional conflict amid ongoing Israel-Iran hostilities.
The Nifty 50, opens new tab was down 0.37% to 24,853.4 and the BSE Sensex, opens new tab fell 0.26% to 81,583.3.
“Trump’s remarks have spooked markets as investors are flying blind on how Middle East and trade tensions will play out,” said Pramod Gubbi, co-founder of Marcellus Investment Managers.
Global stocks slipped, safe-haven gold rose and oil prices climbed after US President Donald Trump cut short his visit to the Group of Seven summit in Canada while reports said he ordered the National Security Council to be on alert in the situation room.
Rising crude prices hurt commodity importers like India, where oil makes up a large portion of the import bill.
India’s trade ties with the region may be limited but an Iranian threat to block the Strait of Hormuz could trigger a huge damage for domestic economy, said Bernstein analysts Venugopal Garre and Nikhil Arela.
“A prolonged war risks imported inflation, stripping the government of tools to support growth and dragging markets lower,” they said.
Twelve of the 13 major sectors logged losses, on the day. The broader small-caps, opens new tab and midcaps, opens new tab fell about 0.7% each.
Among individual stocks, Tata Motors, opens new tab fell 1.7%, adding to the 3.6% drop in the previous session, with multiple brokerages flagging the JLR margin guidance for fiscal 2026 was below market expectations.
Navin Fluorine, opens new tab rose 4.2% after Jefferies reiterated “buy” citing strong earnings momentum due to a capex monetization pick-up.
Mahanagar Gas, opens new tab rose 3.1% after Nomura termed the city gas distributor its top pick in the sector.
Yesterday, President Donald Trump called on Tuesday for Iran’s unconditional surrender and warned US patience was wearing thin but said there was no intention to kill Iran’s leader “for now”, as the Israel-Iran air war entered a sixth day.
An Israeli military official said approximately 10 ballistic missiles were launched from Iran toward Israel in the early hours of Wednesday morning and most of them were intercepted. Explosions were heard over Tel Aviv.
Explosions were also heard in Tehran and the city of Karaj to the west of the capital, Iranian news websites reported.
Trump’s comments, delivered via social media, suggested a more aggressive stance toward Iran as he weighs whether to deepen US involvement.
“We know exactly where the so-called ‘Supreme Leader’ is hiding,” he wrote on Truth Social. “We are not going to take him out (kill!), at least not for now…Our patience is wearing thin.”
A White House official said Trump spoke to Israeli Prime Minister Benjamin Netanyahu by phone on Tuesday, confirming a report from Axios.
Trump’s sometimes contradictory and cryptic messaging about the conflict between close US ally Israel and longtime foe Iran has deepened the uncertainty surrounding the crisis. His public comments have ranged from military threats to diplomatic overtures, not uncommon for a president known for an often erratic approach to foreign policy. (Int’l News Desk)
