Friday the 13th: Indian Markets to Open Gap-Down Amid Israel-Iran Tensions; Crude Surges While CPI Eases
Friday the 13th is traditionally considered an unlucky day in Western superstition. And as far as the Indian equity benchmark’s opening is concerned, it does appear to be living up to the superstition. As of 7:25 AM, the GIFT Nifty is indicating a gap-down start for the Indian markets, trading lower by 200 points or 0.80%, at 24,725.
Domestic markets are expected to open sharply lower, tracking negative cues from global peers. Dow Futures plunged 600 points, while Asian markets were also seen trading in the red on June 13, following reports of an Israeli attack on Iran.
Despite escalating geopolitical tensions, there is some relief on the domestic front. India’s CPI-based inflation eased to 2.82% in May 2025, continuing its downward trend and marking a multi-year low. However, the sharp rise in crude oil prices amid the tensions is likely to weigh heavily on Indian markets today.
On Wednesday, June 12, 2025, Domestic Institutional Investors (DIIs) maintained their buying momentum, turning net buyers to the tune of ₹9,393.85 crore.
On Thursday, June 12, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth ₹3,831.42 crore. In contrast, DIIs were strong buyers, purchasing shares worth ₹9,393.85 crore—the highest single-day inflow in June so far.
Indian equity markets had a rough day on Thursday, with both the Nifty and Sensex closing lower by 1%. Broader markets followed suit, as the Nifty Midcap 100 and Nifty Smallcap 100 indices fell by 1.60% and 1.78%, respectively. All sectoral indices ended in the red, making it a particularly painful day for investors.
Track live benchmark performance on our Nifty Price Today page
U.S. markets, however, ended on a positive note on Thursday. Wall Street clawed back gains amidst cooling inflation data and some encouraging news on the U.S.-China trade front. The S&P 500 rose 23.02 points to close at 6,045.26, the Dow gained 101.85 points to end at 42,967.62, and the Nasdaq advanced 46.61 points to finish at 19,662.48.
Friday the 13th is shaping up to be ominous for the markets, with rising geopolitical tensions and crude oil surging over 5%. Investors should brace for a volatile trading session ahead.
Disclaimer: The article is for informational purposes only and not an investment advice.
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