- Sensex and Nifty tumbled amid rising geopolitical tensions following Israel’s airstrikes on Iran.
- Brent crude and gold prices surged; India VIX rose 8% on heightened volatility.
- Broader markets witnessed sharp declines; aviation and metal stocks under heavy pressure.
Indian equity markets suffered a sharp downturn on June 13, 2025, as geopolitical tensions flared after Israel’s targeted military strikes on Iran. The Sensex plunged over 650 points to 81,035 while the Nifty hovered just above 24,700.
The volatility index (India VIX) spiked 8% to 15.14, reflecting heightened investor anxiety. Gold futures crossed ₹1 lakh per 10 grams for the first time in India, driven by global uncertainty an d a weaker rupee.
Markets Rattled: Oil Soars, Gold Hits ₹1 Lakh, Investors Brace for Fallout
The Middle East crisis has spooked global markets, sending investors fleeing to safe-haven assets like gold. In India, gold prices surged 2%, reaching a historic ₹1,00,403 per 10 grams. The rupee’s weakness further boosted domestic gold futures. Analysts suggest this move may continue if geopolitical risks remain elevated and oil prices push inflation expectations higher.
Crude oil prices climbed sharply, with Brent and WTI both jumping 12% on fears of disruption in global supply chains. This sudden spike is likely to have inflationary consequences for oil-importing countries like India, especially when the rupee is under pressure. Energy and logistics-related companies may feel the pinch if fuel costs remain elevated.
On the equity front, the Sensex and Nifty shed nearly 0.80% each, reflecting broad-based pessimism. Sectoral losers included banking and real estate stocks, while IT and defence stocks offered minor support. The number of stocks in the lower circuit exceeded those in the upper circuit, signaling panic-led selling in smaller counters.
Investors now turn their attention to upcoming IPOs, with six new issues launching next week, including Arisinfra Solutions. Despite market headwinds, strong retail interest in primary markets could offer temporary relief. Market participants will also monitor global cues and potential retaliatory moves from Iran, which could define sentiment for the coming week.
While India’s inflation data brought some economic relief, markets remain gripped by fear as geopolitical tensions and commodity spikes cloud short-term prospects.
“When the winds of uncertainty blow, gold glitters, and oil boils.”
This quote aptly captures today’s market mood—investors rushed to gold amid fears, while crude oil surged, unsettling equity markets globally.
