On June 23, 2025, Indian equity markets closed lower due to global market jitters from escalating geopolitical tensions in the Middle East. The BSE Sensex and NSE Nifty both declined over half a percent, with significant losses in the IT and technology sectors. (Source: FT.com, Reuters.com, apnews.com)
The market downturn was driven by heightened global uncertainties, particularly the conflict between Israel and Iran. Israeli airstrikes on Iranian nuclear facilities on June 13, 2025, caused Brent crude to increase by 11%, impacting investor sentiment worldwide.
The rupee's depreciation past 86 per U.S. dollar on June 13, 2025, further affected the market. Market participants are closely watching the Middle East situation, foreign investor flows, and upcoming macroeconomic data.