Synopsis : Indian stock markets bounced back sharply on Monday after recent losses, with the Sensex jumping over 600 points and the Nifty crossing 24,900. Gains in the IT sector led the rally, even as global markets remained cautious due to escalating Israel-Iran tensions.
Markets Bounce Back as IT Stocks Lead, Global Tensions Linger
Mumbai, June 16 – Indian equity markets began the week on a strong note as benchmark indices rebounded after two days of losses. The BSE Sensex surged over 600 points, while the NSE Nifty 50 reclaimed the 24,900 mark, led by gains in technology and financial stocks.
Despite rising geopolitical tensions in the Middle East and weakness in smallcap and midcap segments, strong buying in blue-chip IT names like Infosys and TCS helped lift sentiment.
Sector Performance Snapshot
Out of 13 key sectoral indices:
Nifty IT emerged as the top performer, rebounding sharply amid global tech optimism.
9 indices ended in the red, including declines in smallcaps (-0.7%) and midcaps (-0.5%), indicating selective participation in the rally.
Noteworthy Stock Moves
Bajaj Finance rose over 2%, trading ex-split and ex-bonus.
SpiceJet jumped 5% after reporting a 173% YoY surge in Q4 profit.
Nazara Tech gained 2%, despite Rekha Jhunjhunwala exiting her entire stake amid a stock surge.
These stock-specific triggers helped balance out broader market concerns, especially for retail investors seeking short-term opportunities.
Global Market Pulse
S&P 500 futures rose 0.1%
Nikkei 225 futures gained 1.1%—their best move since May 29
Japan’s Topix rose 0.7%
Australia’s ASX 200 and Hong Kong’s Hang Seng remained flat
The rebound in Asian markets reflects cautious optimism, even as Middle East tensions continue to impact oil prices and investor sentiment.
Rising Oil Prices: A Concern for India
Geopolitical concerns remain front and center, with oil prices edging higher due to fears of supply disruption. India, a major oil importer, remains vulnerable to rising energy costs, which could weigh on inflation and currency stability.
The recent Israel-Iran military escalations continue to be closely monitored by investors and policymakers alike.
Disclaimer : This article is intended for informational purposes only and should not be considered financial or investment advice. Market investments are subject to risks. Please consult with a certified financial advisor before making any investment decisions.
