Indian benchmark indices, Sensex and Nifty 50, are expected to open on a gap-down note today, as indicated by GIFT Nifty trading near 24,758 in early hours.
The market sentiment is likely to be influenced by a mix of global and domestic factors, including better-than-expected May inflation data, geopolitical tensions following Israel’s strike on Iran, softer US economic indicators, and ongoing institutional flows.
India’s retail inflation eased to 2.82 per cent in May, down from 3.16 per cent in April, marking its lowest level since February 2019, when it stood at 2.57 per cent. The decline was driven by a favourable base effect, a sharp drop in vegetable prices, and the steepest fall in pulses prices in over six years—creating more space for the RBI’s Monetary Policy Committee (MPC) to maintain its current policy stance.
On June 12, the benchmark indices witnessed a sharp sell-off, snapping a six-day winning streak. The Nifty 50 ended below the 24,900 mark amid broad-based profit booking, erasing gains from the previous session.
On Thursday, the 30-share benchmark index ended at 81691.98 down by -823.16 points or by -1 % and then NSE Nifty was at 24888.2 down by -253.2 points or by -1.01 %.
On the global front, Asia-Pacific markets were mixed on Friday as investor sentiment took a hit from reports of an Israeli military strike on Iran, despite Wall Street closing higher on encouraging U.S. economic data.
Israel carried out a preemptive strike on Iran early Friday, according to Defense Minister Israel Katz. The move followed a warning from former U.S. President Donald Trump about a potential Israeli attack on Iran's nuclear facilities. In response, Iran is expected to launch missile and drone retaliation, prompting the declaration of a state of emergency.
Following these developments, Japan's Nikkei slipped 1.16%, while the Topix dropped slightly over 1%. South Korea’s Kospi declined 0.67%, and Australia’s ASX 200 edged down 0.17%.
In contrast, U.S. stock futures dipped slightly in early trading, but major indices remain on track to close the week in positive territory. The U.S. producer price index (PPI) for May rose just 0.1%, below the expected 0.2%, reinforcing optimism sparked by softer consumer inflation data earlier in the week. This helped pull down bond yields and buoy equity markets.
On Thursday, Wall Street posted broad-based gains. The S&P 500 rose 0.38%, the Nasdaq Composite added 0.24%, and the Dow Jones Industrial Average also advanced 0.24%.
Back home, Top traded Volumes on NSE Nifty – Oil And Natural Gas Corporation Ltd. 35613271.00, Tata Steel Ltd. 27846151.00, Eternal Ltd. 24298795.00, ITC Ltd. 18508835.00, Jio Financial Services Ltd. 16175003.00,
On NSE, total number of shares traded was 570.80 Crore and total turnover stood at Rs. 117580.76 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 190997 with a total turnover of Rs. 35023.57 Crore. Along with this total number of contracts traded in stock futures were 1392006 with a total turnover of Rs. 90548.35 Crore. Total numbers of contracts for index options were 300315775 with a total turnover of Rs. 56316968.40 Crore. and total numbers of contracts for stock options were 7394844 with a total turnover of Rs. 506131.09 Crore.
The FIIs on 12/06/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 15627.62 Crore and gross debt purchased stood at Rs. 416.06 Crore, while the gross equity sold stood at Rs. 15759.02 Crore and gross debt sold stood at Rs. 2945.39 Crore. Therefore, the net investment of equity and debt reported were Rs. -131.40 Crore and Rs. -2529.33