Transcription
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Let us give you the big news of this moment that on the very first trading day of the week, Indian markets are not receiving any special signals from the international market. First, let's take a look at the Gift Nifty. A weakness of 350 points is being seen here. Along with this, Asian markets are trading with heavy declines. Korean and Japanese markets are in a state of chaos. A significant sell-off of 4 to 6% is being observed here. The tension has increased here in the way it has. Especially regarding Israel and Iran, crude oil has once again surged. We are currently seeing Brent crude trading near approximately $96. The Dow Jones closed down by about 700 points on Friday. We get the complete global update from Neha. Good morning, Neha. First of all, it has been 100 days of the US-Iran war. What new tension has arisen here? Absolutely Swati, good morning. First of all, let's start with the Monday sensation that is spreading across global markets. Some big war updates came out over the weekend. First of all, the war between America and Iran officially completed 100 days on June 7th. Even today, if this war continues, it will complete 101 days. And in the meantime, an announcement has come from US President Donald Trump, who has given a clear warning to Israeli Prime Minister Benjamin Netanyahu. Trump has said that he has no option but to accept any peace agreement with Iran. He is saying this in the context that Iran had launched attacks on Israel for the first time after April, and this was actually a retaliation because Iran responded to the Israeli attacks on Beirut. The Speaker of Iran's Parliament has accused not only America but also Israel of violating the ceasefire. So, in this context, Trump has also said that Israel will also have to accept whatever peace agreements are made with Iran. He said, "I am calling Netanyahu." At the time he was making this statement, so that I can tell him that they will not retaliate. In fact, Trump announced that the military conflict with Iran is not an endless war. It will end very soon. He also said something very interesting in a "Meet the Press" interview that Iran is taking time to deal because of its great freedom and pride. So, this was a very interesting statement because they have to accept terms that they never imagined. Well, in the meantime, Swati, another development has occurred: OPEC Plus. OPEC Plus held a virtual meeting on June 7th, and here, their entire cartel, their major producers, seven major producers, have decided that in July they will increase their oil quota, their production quota, by 1,888,000 barrels per day. This is the fourth consecutive increase by the organization, and they said this decision was taken in the context of the West Asia crisis and the closure of the Strait of Hormuz. Neha, tell us about the signals from the global and commodity markets. See, if we talk about Friday, a fierce battle was seen. US markets fell due to the big crack in semiconductor stocks. Interestingly, the Dow Jones first touched an all-time high and then crashed to its lowest levels of the day. A decline of a full 800 points from the all-time high was observed, and this was the biggest single-day decline since March 27th. The weekly gain of two weeks also came to a halt. The S&P touched its lowest level since May 19th, losing 200 points and closing below 7400, and this was also the biggest single-day decline since October 10th. The Nasdaq slipped to a one-month low, with a decline of 1121 points, which was the biggest single-day decline since April 10th, 2025, i.e., since April 10th of last year, and a significant weekly loss was seen here. The dollar index closed above the 100 level for the first time since March 31st, and the 10-year US bond yield rose by 1% to cross 4.5%. Crude oil closed in the red for the second consecutive day on Friday. However, this morning we saw Brent crude moving above $96, in fact, crossing $96 with a gain of 3.5%. Gold prices closed at their lowest level of the year, January 2nd, on Friday. A decline of $140 was seen. Talking about silver, it closed at its lowest level since March 26th. Base metals saw a decline across the board, of 2 to 3%. Platinum futures also closed at their lowest level since December 12th, 2025, in the meantime. So, across the board, whether it was metals or crude oil, we saw a decline on Friday. But this morning, we are seeing that crude oil is once again seeing a surge. Thank you, Neha, for the complete update.