Stock Market Live Updates | Sensex, Nifty Fall as US-Iran Tensions Push Oil Prices Higher Today

Infosys shares traded around Rs. 1,085, gaining 1.59% during the session after extending their recovery from recent lows. The stock remained above the Rs. 1,050 level, supported by steady buying interest, though it continues to trade below its highs recorded earlier this year.

Harish Vatnani believes Bitcoin's resilience continues to stand out despite renewed geopolitical uncertainty. He noted that rising oil prices following US-Iran tensions have increased volatility across risk assets, leading to more than $13 million in Bitcoin long liquidations over the past 24 hours. Bitcoin is currently trading between $60,000 and $65,000, and a breakout with strong trading volumes will determine its next major trend. While short-term uncertainty persists, Vatnani says Bitcoin has continued to hold up well against broader macroeconomic headwinds.

Shares of Tata Consultancy Services (TCS) gained nearly 4% over two sessions after the IT giant reported its April-June quarter earnings. Investors welcomed the results, helping the stock outperform the broader market and extend its post-results rally.

Gold prices fell more than 1% after fears of a Strait of Hormuz closure pushed oil prices sharply higher. Rising crude revived inflation concerns and expectations of prolonged higher interest rates, weighing on demand for the precious metal. 

Goldman Sachs has turned more optimistic on Indian equities, projecting the Nifty 50 to reach 26,500 by June 2027. The brokerage expects improving macroeconomic conditions to support the benchmark index, surpassing its previous record high of 26,373.

ICICI Bank shares traded around Rs. 1,400, down 0.09% for the session after a sharp recovery from June lows. The stock continues to hold near recent highs, indicating sustained buying interest despite minor profit booking and broader market volatility.

The Indian rupee weakened to 95.7625 against the US dollar, down 0.40%, as crude oil prices surged 4.33% to $74.50 per barrel amid escalating geopolitical tensions. Meanwhile, gold, copper and natural gas traded lower, reflecting mixed commodity market sentiment.

Indian government bond yields edged higher on Monday after rising oil prices and a US Treasury selloff triggered by escalating US-Iran tensions. However, expectations that India could join Bloomberg's Global Aggregate Index helped cap losses and supported investor sentiment.

Escalating tensions between Iran and the US have renewed concerns over fuel and LPG prices as risks to energy supply chains increase. While crude oil supplies remain relatively insulated for now, experts warn that prolonged disruptions could significantly impact LPG-dependent industries and push prices higher.

Global markets have shifted into a risk-off mode amid renewed US-Iran hostilities and Iran's claim that the Strait of Hormuz has been closed again. Brent crude has climbed about 4% to $79.11, while the US dollar and Treasury yields have strengthened, reflecting expectations of tighter Federal Reserve policy. Despite geopolitical uncertainty, gold has struggled as higher yields and a stronger dollar have outweighed safe-haven demand. Crypto markets also remain under pressure, with Bitcoin and Ether trading below key resistance levels. Investors will closely watch shipping activity through Hormuz, Brent crude's move towards $80, the July 14 US CPI data, and Fed Chair Kevin Warsh's congressional testimony for the next market direction.

Escalating tensions between the United States and Iran have triggered a global risk-off sentiment, pushing Brent crude nearly 4% higher to around $79 a barrel and strengthening the US dollar. Equities, gold and cryptocurrencies faced pressure as investors weighed the possibility of further Federal Reserve rate hikes. Analysts say markets will closely monitor shipping activity through the Strait of Hormuz, Brent crude's movement toward $80, the upcoming US inflation data, and the Fed Chair's congressional testimony for further direction.