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Tuesday,24-June-2025
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Sensex falls 1,170 points; oil stocks down

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Negative global cues as well as foreign fund outflows dragged India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — deep into the red on Monday.

The barometer 30-scrip Sensex fell sharply to 58,465 points, down by 1,170.12 points or 1.96 per cent.

Similarly, the broader 50-scrip Nifty closed the day at 17,416 points, down 1.96 per cent or 348.25 points.

It touched a low of 17,280 points.

“Subdued listing and continuation of weak trading of Paytm, India’s largest new generation fintech, is a big sentimental setback to the domestic market, which was thriving on the strong primary market. It will impact the inflow of money from the retail segment, which has been a key player during the year,” said Vinod Nair, Head of Research at Geojit Financial Services.

“FIIs are also a seller due to fear of overvaluation of India compared to peers. Weak inflow from FIIs will possibly get higher due to the withdrawal of three agriculture farm acts which brings a stoppage to government’s reformist agendas in context to coming state elections next year. It was a key factor for India to trade at a premium to EMs during the year.”

International

Three killed, several wounded as Iranian missile hits apartment complex in Israel

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Tel Aviv, June 24: Three people were killed and several others injured after an Iranian ballistic missile struck an apartment complex in Beersheba, as Iran launched eight missiles targeting central and southern Israel on Tuesday.

The building in Beersheba was reduced to rubble following the direct impact.

Additionally, emergency responders from Magen David Adom confirmed three fatalities.

Several others wounded in the blast were transported to nearby hospitals and care centres for treatment, though no official tally of the injured has been released.

Shortly after the strike, additional missile sirens sounded across central Israel and parts of the south, the Israel Defense Forces (IDF) said, indicating yet another wave of incoming projectiles.

The latest round of strikes came shortly after Iran declared a unilateral halt to military operations against Israel, effective 4 a.m. local time.

However, Iranian authorities stressed that this ceasefire was conditional — hinging entirely on Israel halting its own offensive actions.

The contradiction became evident when Trump claimed that both sides had agreed to a ceasefire, a claim Tehran quickly denied.

However, Iran’s Foreign Ministry swiftly denied receiving any formal ceasefire proposal from Washington. Tehran reiterated that it had temporarily paused its military operations, contingent upon Israel ceasing its own strikes.

As of now, Israel has not officially responded to Trump’s ceasefire declaration.

The ongoing war, now in its 12th day, erupted after Israel launched “Operation Rising Lion,” targeting Iranian military and nuclear assets. In retaliation, Iran has fired multiple waves of ballistic missiles at Israeli territory.

According to estimates, nearly 400 people have been killed in Iran and around 24 in Israel.

The conflict widened significantly when the United States entered the fray with direct military strikes on Iran’s key nuclear facilities in Fordow, Natanz, and Esfahan.

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International

Striking Iranian regime targets with unprecedented force: Israel Defence Minister

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New Delhi, June 23: Israel’s Defence Minister Israel Katz announced Monday that the Israel Defence Forces (IDF) are currently striking with “unprecedented force” regime targets and governmental repression bodies in the heart of Tehran.

“In accordance with the directives of Prime Minister Benjamin Netanyahu and myself, the IDF is now attacking with unprecedented force regime targets and government repression bodies in the heart of Tehran, including the Basij headquarters, Evin prison for political prisoners and regime opponents, the ‘Israel Destruction’ clock in Palestine Square, the Revolutionary Guards’ internal security headquarters, the ideology headquarters, and other regime targets,” Katz posted on X.

He added, “For every shot fired at the Israeli home front, the Iranian dictator will be punished. The attacks will continue with full force. We will keep acting to protect the home front and defeat the enemy until all war goals are achieved.”

Meanwhile, Iran’s Supreme Leader Ayatollah Ali Khamenei on Monday issued a stern warning in his first reaction following US strikes on Iranian nuclear sites.

“The Zionist enemy has made a big mistake, committed a big crime; it must be punished, and it is being punished right now,” Khamenei said on X, calling the attacks “a big crime.”

The US strikes came after Israeli attacks on June 13 that targetted various locations in Iran, including nuclear and military sites, resulting in the deaths of senior commanders and nuclear scientists.

In response, Iran also launched missile and drone strikes on Israel.

Earlier that day, Israeli Prime Minister Benjamin Netanyahu reiterated the country’s determination to press on with its operations.

“Israel will continue to operate at full tilt in both Iran and Gaza,” he said, adding, “We will not stop this historic operation before we achieve our goals.”

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International

Israel makes new raids on Iran after intercepting missile

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Jerusalem, June 23: Israel conducted a new wave of airstrikes on Iran early Monday, shortly after intercepting a missile fired from Iran, said the Israeli military.

The Israeli Air Force targetted what it described as “military infrastructure sites” in Iran’s Kermanshah province, striking surface-to-surface missile launch and storage facilities, the military said in a statement. More than 15 warplanes participated in the operation.

The strikes came shortly after Iran fired a missile at Israel before dawn and triggered air raid sirens across much of the country. The Israeli military said the missile was shot down, causing no casualties or damage.

The Iranian attack followed US President Donald Trump’s suggestion of a possible regime change in Iran, as US bombers and submarines carried out heavy strikes on Iranian nuclear facilities, Xinhua news agency reported.

Earlier in the day, Iran’s Supreme Leader Ayatollah Ali Khamenei, in his first reaction following the US strikes on Iranian nuclear sites, said that the punishment for Israel, referred to as the “Zionist enemy,” will continue.

Calling the attacks “a big crime,” Khamenei warned of retaliation.

Talking to X, he stated, “The punishment continues. The Zionist enemy has made a big mistake, committed a big crime; it must be punished, and it is being punished; it is being punished right now.”

The US strikes followed Israeli attacks launched on June 13 on various targets in Iran, including nuclear and military sites, killing several senior commanders, nuclear scientists, and civilians, Xinhua news agency reported.

Iran has retaliated with missile and drone strikes on Israel.

Earlier on Sunday, Israeli Prime Minister Benjamin Netanyahu affirmed that Israel would press ahead with its operations. “Israel will continue to operate at full tilt in both Iran and Gaza,” he said, vowing not to be “dragged into a war of attrition.”

“We will not stop this historic operation before we achieve our goals,” Netanyahu stated.

Meanwhile, several reports cited that, a day after US strikes on Iran’s nuclear facilities, the Iranian parliament voted in support of closing the Strait of Hormuz, one of the world’s most critical oil transit chokepoints. Any final decision on retaliation, however, will rest with the country’s Supreme National Security Council..

The US strikes on three Iranian nuclear sites — dubbed “Operation Midnight Hammer” – in Isfahan, Fordow, and Natanz mark the first direct involvement of America in the escalating crisis between Iran and Israel.

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