Markets

Global gold prices have dropped 22% since February 2026, defying the metal's safe-haven reputation. High real interest rates, a stronger US dollar, and heavy investor outflows from gold ETFs are driving the sell-off, with no clear catalyst for a quick recovery in sight.

Friale Fund IV LLC sold 1.13 crore Groww parent shares for roughly Rs 210 crore in a block deal, with Goldman Sachs Bank Europe SE buying the full stake at a 2.4% discount. The sale extends a wave of early investor exits following the expiry of Groww's post-listing lock-in period.

Japan's Nikkei and Topix both closed at all-time highs on June 14, 2026, lifted by Middle East peace hopes and Dell Technologies' strong AI server earnings. The dual record signals broad buying momentum in Japanese equities, with potential spillover into Asian markets.

The BSE Sensex dropped 1,092 points on June 14, 2026, marking India's third straight session of stock market losses. Concerns about below-normal monsoon rainfall and uncertainty over the U.S.-Iran ceasefire are driving the sell-off, with crude oil and food inflation risk weighing on investor sentiment.

The Nifty Bank index fell over 370 points on Monday as PNB, Axis Bank, and SBI dropped up to 2%, with PSU banks leading the selloff. Analysts say the index is in near-term consolidation, with the next directional move depending on a breakout or breakdown from key technical levels.

Gift Nifty is trading near 23,096, pointing to a gap-down open of about 356 points for Indian markets. Iran conflict fears, rising oil prices, a Nikkei drop, and Nasdaq moves have combined to push risk sentiment sharply negative heading into Monday's session.

SpaceX shares rose 11% on their Nasdaq debut after a $75 billion IPO, valuing the company at nearly $1.96 trillion and making Elon Musk the world's first trillionaire. The listing gives public investors direct access to SpaceX for the first time, with Starlink as the core growth driver.

The central government launched an Offer for Sale of up to 3% in NLC India, priced at Rs 303 per share, a 10% discount to the last closing price. The Rs 1,263 crore deal opened for non-retail investors on June 9, 2026, and could pressure the stock short term while improving its free float.

Elon Musk's net worth reached roughly $1.05 trillion on June 12, 2026, after SpaceX began trading on the Nasdaq, valuing his stake at over $766 billion. The listing marks the first time a single individual's publicly priced equity holdings have crossed the $1 trillion threshold.

The BSE Sensex jumped 1,695 points, or 2.30%, to close at 75,527.95 on June 12, while the Nifty 50 rose 1.99% to 23,622.90. The single-session rally added Rs 9.71 lakh crore to total BSE-listed investor wealth.

SpaceX is set to go public in what is being called the largest market debut in history, with Elon Musk's rocket and satellite company finally opening to public investors. The listing will put a public-market price on both its launch business and fast-growing Starlink broadband unit.

SpaceX is raising $75 billion by selling 555.6 million shares at $135 each, making it the largest IPO on record ahead of its Nasdaq debut. The deal dwarfs all prior listings and could trigger index inclusion, passive fund buying, and a fresh wave of large tech IPOs.

SpaceX confirmed IPO pricing for 555.6 million shares at a $1.77 trillion valuation, making it the largest public offering in history. The debut gives public investors their first direct access to Musk's rocket, satellite internet, AI, and X-owning conglomerate.

U.S. stocks closed mixed, with the Nasdaq posting a partial recovery while the Dow dipped lower. Apple fell after news about its AI plans unsettled investors, weighing on broader market sentiment.

US consumer prices rose above 4% in May, hitting a three-year high, while President Trump issued a fresh threat against Iran. The dual shock pushed the S&P 500 and Dow lower, with the Nasdaq falling around 1% on a chip-sector sell-off.

Futures tied to the Dow, S&P 500, and Nasdaq fell before Monday's open as tech stocks slid and US-Iran nuclear talks showed signs of breaking down. The dual pressure from sector weakness and geopolitical risk is weighing on investor sentiment heading into the week.

Nasdaq 100 futures fell 1.3% as a chip stock selloff deepened and Brent crude rebounded on Middle East tensions. Investors are on edge ahead of CPI inflation data that could further shift expectations for Federal Reserve rate cuts.

GIFT Nifty futures dropped around 300 points ahead of Monday's open, signaling a sharp gap-down start for Indian equities after fresh Israel-Iran tensions rattled global markets. Rising crude oil prices are the key risk for India, given its heavy dependence on imported oil.

The Nifty 50 has dropped over 7% since the Iran-US-Israel conflict escalated in late February, with some mid- and large-cap Indian stocks losing up to 50% in 100 days. Oil price risk, capital outflows from emerging markets, and sector-specific margin pressure are driving the steepest declines.

A 5% drop in semiconductor stocks dragged the Nasdaq 100 down 2.5% and pushed the S&P 500 lower by more than 1%, even as most stocks in the index rose. Chips had led the recent market rebound, making the sector the sharpest single-day drag when sentiment reversed.