Stock Market Preview – June 23, 2025
Markets opened lower on June 23 amid rising Middle East tensions and oil prices. Sensex lost 840 pts, Nifty dipped below 24,900—here’s what you should know.
Indian markets are starting the week on a cautious note after a global weekend of escalating Middle East tensions. Let’s break it down simply:
🌍 Global Market Snapshot
- U.S. airstrikes hit Iranian nuclear sites, pushing oil to five-month highs (~$77–78/barrel) (5paisa.com, wsj.com)
- IMF warns heightened geopolitical risks may affect global growth; yet markets are calm, as effects were already priced in
- Asia mostly dipped; Europe and U.S. futures edged slightly lower (wsj.com)
🇮🇳 Indian Market Overview
- Indian indices opened lower: Sensex lost 840+ pts, Nifty dipped 257 pts to ~24,855 (reuters.com)
- All sectors down ~1%; mid/small caps steadied after a soft open
- Rupee slid to ₹86.80/USD amid rising oil and safe-haven flows (reuters.com)
📌 Stocks in News
| Stock | Why It's in News |
|---|---|
| M&M | Identified as a top short-term pick during current volatility (livemint.com) |
| MCX | Also featured in expert trading ideas amid market uncertainty |
| Bharat Electronics (BEL) | Technical breakout; analysts suggest bullish trend |
Note: These mentions are for awareness—not investment advice.
🔎 Key Drivers Today
- Global focus on Middle East developments and oil prices
- Domestic concern over oil imports and rupee weakening
- PMI data expected later this week; markets eye U.S. Fed commentary
- Technical support for Nifty lies around 24,850; a gap-down look is possible (5paisa.com, m.economictimes.com, reuters.com)
🔭 What to Watch
- Oil and Rupee fluctuations
- Action in GIFT Nifty futures
- Emerging Asia-Pacific cues, especially from Gulf markets (m.economictimes.com)
- Upcoming PMI release and any central bank signals
⚠️ Disclaimer
This update is for informational purposes only. Bitveen is not SEBI-registered and does not offer investment advice. Please check official platforms before making decisions and Please do your own research or consult a registered advisor."
📚 Sources
- Global & oil updates – WSJ via Reuters (timesofindia.indiatimes.com)
- India opening breakdown – Times of India, ET
- Rupee & bond outlook – Reuters (reuters.com)
- Pre-market signals & technical levels – ET, Reuters (m.economictimes.com)