Benchmark indices ended the session in the red, as the geopolitical tensions between Israel and Iran continued to escalate. India’s stock market witnessed significant volatility, while oil and gold prices shot up.
Sensex dropped over 573 points (0.70 percent) to close at 81,118.60. Nifty 50, meanwhile, fell nearly 170 points (0.68 percent) to end the session at 24,718.60. FMCG and PSU Bank sectors were the top laggards, while IT, Media and Realty were the only major sectoral indices which closed in the green. Broader markets also ended the session in the red.
Here is the list of stocks which witnessed the most significant ups and downs:
Hindustan Petroleum Corporation (HPCL):
Shares of oil marketing companies (OMC) plunged amid sharp rise in crude oil prices, following the rise in geopolitical tensions between Israel and Iran in the oil-rich Middle East. Brent crude oil futures shot up over 9 percent to hit a multi-month high of around $75.61 per barrel. WTI Crude Oil Futures also gained over 9 percent to hover around $74.39 per barrel.
Bharat Petroleum Corporation (BPCL) shares dropped over 4 percent in the morning, while Hindustan Petroleum Corporation (HPCL) shares declined around 4.5 percent. Indian Oil Corporation (IOC) shares also dropped around 3 percent intraday.
State Bank of India (SBI):
State Bank of India (SBI) shares closed nearly 1.6 percent lower at Rs 793 apiece, accompanying other bank stocks which tracked declines in Asian markets, after Israel launched military strikes on Iran. The Nifty Bank index dropped nearly 1 percent to end the session at 55,527.35, while the Nifty PSU Bank index fell over 1.18 percent.
IndiGo, SpiceJet:
Indian aviation stocks came under pressure after an Air India Dreamliner en route to London crashed shortly after takeoff from Ahmedabad, killing 241 people. Shares of listed carriers InterGlobe Aviation (IndiGo) and SpiceJet fell up to 4 percent in early trade as investors reacted to the incident. The selloff in aviation stocks was also influenced by rising geopolitical tensions in the Middle East.
Sona BLW:
Indian auto ancillary stocks dropped after U.S. President Donald Trump signalled the possibility of raising tariffs on imported vehicles. The move, aimed at boosting domestic manufacturing, has stoked fears of renewed trade tensions and potential ripple effects on global supply chains.
Shares of Sona BLW, Samvardhana Motherson, Bosch, and Uno Minda fell up to 2 percent in intraday trade, with investors bracing for a possible disruption in exports and rising input costs. Sona Blw was also in the news after Sunjay Kapur, the chairman of auto components firm Sona Comstar, passed away in London on Thursday due to a heart attack. He was 53.
Adani Ports:
Adani Ports owns a majority stake in Haifa Port in Israel. The company acquired the port for a total consideration of $1.18 billion in 2023. The port is one of Israel’s major seaports.
Adani Ports and SEZ (APEZ) shares dropped nearly 3 percent intraday to trade at Rs 1,406 apiece, as the escalating war between Israel and Iran raised concerns over disruption at the port in Israel.
BSE:
Shares of BSE fell for the third consecutive session on Friday, taking the total decline to nearly 10 percent since June 11 amid continued selling pressure. The decline came after the stock was placed under the Additional Surveillance Measure (ASM) framework on Wednesday. The move followed sharp price movement, high trading volumes, and concentrated client activity — factors monitored by exchanges to control excessive volatility.
GRSE:
Defence stocks significantly surged on June 13 as the war between Israel and Iran continued to escalated, fueling hopes of higher defence equipment orders amid heightened global uncertainties.
Garden Reach Shipbuilders and Engineers (GRSE) shares closed over 3 percent higher at Rs 3,072 apiece.
Oil India:
Oil India shares gained over 2 percent, as rising crude oil prices are likely to benefit the company’s margins.
Nazara Tech:
Nazara Technologies shares surged nearly 7 percent to record their biggest single-day jump in 21 weeks on June 13 after a large block deal reportedly took place on exchanges.
Nearly 15.42 lakh shares, representing 1.77 percent equity stake in Nazara Tech, changed hands in a large block deal worth Rs 190 crore, CNBC-TV18 reported. The transaction was done at an average price of Rs 1,227.50 per share, the report added.
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