Indian equity benchmarks came under heavy selling pressure on Thursday, June 12, halting a six-day winning streak as investors opted to book profits amid weak global cues and rising geopolitical tensions. Both the SENSEX and NIFTY50 witnessed sharp declines, led by a sell-off in index heavyweights.<\/p>\n\n\n\n
By 2:29 PM, the SENSEX was down 909 points at 81,608, while the NIFTY50 had shed 281 points, trading just above the 24,850 mark at 24,862.<\/p>\n\n\n\n
1. Weak Global Cues and Geopolitical Tensions<\/strong><\/p>\n\n\n\n Global markets turned risk-averse after reports surfaced of rising tensions between Iran and Israel. The Washington Post<\/em> reported that the U.S. is on high alert amid concerns that Israel may unilaterally strike Iran\u2019s nuclear facilities. In response, The New York Times<\/em> noted that Iranian military and government officials have already begun discussing potential countermeasures.<\/p>\n\n\n\n This uncertainty rippled through global equity markets:<\/p>\n\n\n\n U.S. stock futures also hinted at a weaker open, with Dow Futures<\/strong> down 0.5% or 214 points.<\/p>\n\n\n\n 2. Crude Oil Spike Hits Sentiment<\/strong><\/p>\n\n\n\n Escalating tensions in the Middle East sent crude oil prices soaring \u2014 bad news for India, which imports a majority of its oil. Rising oil prices are inflationary and could pressure India\u2019s trade balance and fiscal health, souring investor sentiment.<\/p>\n\n\n\n 3. Heavyweights Lead the Decline<\/strong><\/p>\n\n\n\n Major blue-chip stocks dragged the benchmarks lower. Notable names like Larsen & Toubro, HDFC Bank, Reliance Industries, Infosys, ICICI Bank<\/strong>, and Mahindra & Mahindra<\/strong> were among the biggest contributors to the market\u2019s fall, collectively erasing nearly 400 points from the SENSEX.<\/p>\n\n\n\n 4. Sector-Wide Selloff<\/strong><\/p>\n\n\n\n The pain was broad-based:<\/p>\n\n\n\n 5. NIFTY50 Gainers & Losers<\/strong><\/p>\n\n\n\n Out of the 50 NIFTY constituents, 43 were in the red:<\/p>\n\n\n\n However, not all was gloom and doom:<\/p>\n\n\n\n Market Breadth Remains Weak<\/strong><\/p>\n\n\n\n The overall market sentiment remained negative. On the BSE, 2,722 stocks were declining<\/strong>, while only 1,225 advanced<\/strong>, highlighting the broad-based nature of the correction.<\/p>\n\n\n\n Bottom Line:<\/strong> Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n Telegram <\/a>| Facebook <\/a>| Instagram<\/a><\/strong><\/p>\n\n\n\n Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Indian equity benchmarks came under heavy selling pressure on Thursday, June 12, halting a six-day winning streak as investors opted to book profits amid weak global cues and rising geopolitical tensions. Both the SENSEX and NIFTY50 witnessed sharp declines, led by a sell-off in index heavyweights. By 2:29 PM, the SENSEX was down 909 points at 81,608, while the NIFTY50 had shed 281 points, trading just above the 24,850 mark at 24,862. What\u2019s Behind Today\u2019s … Continue reading “Markets Snap 6-Day Rally as Profit Booking, Global Jitters Weigh on Sentiment”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4414"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4414\/revisions"}],"predecessor-version":[{"id":4416,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4414\/revisions\/4416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4415"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Today’s steep correction reflects heightened caution among investors amid global uncertainties and profit-taking after a strong rally. Traders should brace for continued volatility as geopolitical developments and oil prices remain key variables in the days ahead.<\/p>\n\n\n\n