First Trade: Nifty slumps to 24,500 levels, ONGC only gainer from bluechip index

Indian equities in Friday’s trade (June 13, 2025) traded weak amid weak global cues as Iran- Israel conflict worsened. This is, however, as the domestic retail inflation, has slumped to a 6-year low in May and meanwhile oil prices have surged sharply.

At the open, Nifty slumped to 24,508 levels, down 1.4 per cent, while the Sensex crashed 1,093 points or 1.34 per cent to 80,599 levels. Meanwhile, the Bank Nifty index also cracked by as much as 900 points or 1.61 per cent at the open to 55,180.65 levels, 

Furthermore, the crack in the broader markets space, deepened with the smallcap gauge down almost 1.7 per cent as at the last count.

Stocks to watch

Ugro Capital: The company’s right Issue to will open today. As part of the rights issue,  the company will issue 50 shares for 189 shares held.

Spicejet: The company’s board meeting is scheduled for its March quarter results.

Ex-date:

A number of companies, including the likes of Piramal Enterprises, Adani Enterprises, Adani Ports, Canara Bank, ACC, Ambuja Cement: will turn ex-dividend. Also, another stock Vimta Labs will trade ex-bonus for 1:1 bonus issue.

Asian markets

The key MSCI Asia ex Japan index  traded with a loss of over 1 per cent at 625.97. The losses are triggered amid escalating geo-political tensions between Israel and Iran.