The day started off on a shaky note as Indian equity benchmark indices plunged. The Sensex saw a dramatic drop, reaching an intraday low of 80,354.59 before eventually closing at 81,118.60, marking a loss of 573.6 points or a 0.7% decline. On the other hand, the Nifty50 closed at 24,718.6, down by 169.6 points or 0.68%.
This market movement was driven by concerns over rising tensions between Israel and Iran, which led to a surge in crude oil prices, a combination that rattled global markets. In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices also ended in the red, dropping by 0.24% and 0.43% respectively.
One more key takeaway was the sharp rise in market volatility. The India VIX, which measures expected market volatility, spiked by 8.27% to reach 15.18, suggesting that investors are preparing for more fluctuations ahead.
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Impact on the stock market
The day was challenging for many sectors, with most of the market indices trading in the red. The Nifty PSU Bank index was the hardest hit, losing 1.51%, followed closely by Nifty Metal, which dropped 1.23%, and Nifty Bank, falling by 1.17%. Other sectors, including FMCG, Infrastructure, Energy, and Private Banks, also faced declines of more than 1%.
Interestingly, the Nifty IT index, which opened the day with positive momentum, also slipped by 0.2% by the end of the session. Despite the broader declines, the Nifty Media index was the only one to show some resilience, inching up by 0.05%.
| Sector/Index | Performance |
| IT & BPM sector | 0.02% |
| Healthcare sector | 0.04% |
| Oil & Gas sector | -0.73% |
| Real estate sector | 0.06% |
| PSU Bank in India | -1.18% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Bharat Elec Share Price | 394.20 | 1.76 |
| ONGC Share Price | 251.51 | 1.46 |
| Tech Mahindra Share Price | 1,659.00 | 0.89 |
| TCS Share Price | 3,445.70 | 0.33 |
| Wipro Share Price | 260.21 | 0.23 |
Top losers today
| Company | Price (in ₹) | Change % |
| Adani Ports Share Price | 1,405.00 | -2.82 |
| ITC Share Price | 413.90 | -1.69 |
| SBI Share Price | 792.35 | -1.69 |
| IndusInd Bank Share Price | 816.85 | -1.57 |
| Hindalco Share Price | 641.80 | -1.42 |
Market aftermath: Impact on stocks
Boeing and GE Aerospace – A turbulent day for aerospace stocks
The news of a tragic Air India plane crash near Ahmedabad, which killed over 240 people, sent shockwaves through the stock market, particularly affecting Boeing and GE Aerospace. Boeing shares took a significant hit, plunging by nearly 5%, closing at $203.75 on Nasdaq. The decline was attributed to growing concerns over the possibility of GE Aerospace’s engine failure being a contributing factor to the crash.
Boeing’s stock drop came after analysts pointed out that the slow climb followed by a rapid descent of the aircraft suggested a possible loss of engine power shortly after takeoff, which could be traced back to the GEnx-1B engine used by Boeing planes. Bernstein’s analyst, Douglas Harned, suggested that this engine fault may have caused the crash.
GE Aerospace, which makes engines for several Boeing aircraft, also saw a decline, dropping over 2% to close at $239.99. Both companies are expected to face a period of heightened scrutiny, with GE Aerospace even sending a team to India to analyse data from the crash site.
Also read: India Markets slide as Global Tensions Rattle Investors
Jubilant Food and Jubilant Ingrevia – Stocks soar post-block trades
On a brighter note, shares of Jubilant FoodWorks rose by 2.5%, while Jubilant Ingrevia surged by an impressive 11%. The rally was largely attributed to the fact that the Bhartia family, the promoters of Jubilant Group, likely sold small stakes in their listed firms to help fund the acquisition of a 40% stake in Hindustan Coca Cola Beverages (HCCB). This move is part of the group’s strategy to expand its foothold in the beverage sector.
Jubilant FoodWorks, the master franchisee of Domino’s Pizza in India, Nepal, Sri Lanka, and Bangladesh, had 1.06 crore shares change hands in block trades. Jubilant Ingrevia, which deals in life sciences and specialty chemicals, saw 98.7 lakh shares traded. These block trades reflect significant strategic moves by the group, which has a market cap of Rs 45,000 crore for FoodWorks and Rs 12,000 crore for Ingrevia.
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Shipping stocks rise – Middle East tensions spark demand
The ongoing tensions in the Middle East have benefited Indian shipping stocks. Shares of Shipping Corporation of India and GE Shipping surged by up to 10%, as investors anticipate a spike in tanker rates. This surge was driven by fears of disruptions in global trade, especially through the Strait of Hormuz, a vital route for transporting oil and gas.
With Iran’s increasing nuclear activity and the recent pre-emptive Israeli strikes, there are growing concerns that oil shipments through this narrow choke point might be disrupted. As a result, shipping companies like SCI and GE Shipping are expected to see higher demand for their vessels as they navigate around potential bottlenecks.
These stocks are benefiting from the increased demand for shipping services, as higher tanker rates are expected to boost their earnings. The market is keenly watching how these geopolitical tensions unfold, and shipping stocks are positioned to continue benefiting from such volatility in the short term.
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Crude oil – Surge in prices amid geopolitical crisis
One of the most notable impacts of the geopolitical turmoil was seen in crude oil prices. Crude oil futures surged by more than 9%, with August Brent oil reaching $76.19 and July WTI crude touching $75.22. On the Indian commodity exchange (MCX), June crude oil futures saw a rise of 9.89%, trading at ₹6422 compared to ₹5844 from the previous close.
The sharp price increase followed Israel’s strikes on Iran, which raised concerns over the potential disruption of oil supplies from the Middle East. The Strait of Hormuz, through which a significant portion of global oil passes, is now at risk of being blocked, which could lead to even higher prices. With India importing more than 80% of its crude oil from the Gulf, the rise in oil prices could have far-reaching effects on domestic inflation and cost of living.
Conclusion
The 13th of June, 2025, was a turbulent day for the Indian stock market, heavily influenced by global geopolitical tensions, primarily stemming from the Israel-Iran conflict. The Sensex and Nifty both closed lower, reflecting broader market anxiety, while specific sectors like PSU Banks, Metals, and FMCG saw considerable losses. However, certain stocks like Jubilant FoodWorks and Jubilant Ingrevia benefited from strategic moves, and shipping stocks saw strong gains due to rising tanker demand.
Crude oil prices spiked sharply, threatening to put further pressure on the Indian economy, which is already dealing with rising inflation. Overall, the market today demonstrated how sensitive it is to global events, especially in an interconnected world where even regional conflicts can have wide-reaching impacts.
As investors, it’s essential to stay alert and be mindful of the broader geopolitical picture, as today’s market movements show that even a single incident can set off a chain reaction across various sectors.
For more stock market insights, check out the StockGro blog.
