Amid escalating geopolitical tensions between the US and Iran, oil prices rose, triggering a negative start for the Nifty50 index, according to GIFT Nifty forecasts. GIFT Nifty futures were recorded at 24,295 points, representing a drop of 28 points.
On Monday morning, Asian markets showed mixed dynamics as traders assessed the geopolitical situation in West Asia. The South Korean Kospi stock index fell by 2.8 percent, while the Hang Seng index rose by 1.7 percent.
Last Friday, the Dow Jones Industrial Average and S&P 500 indices closed down by 0.77 percent and 1.01 percent, respectively. The Nasdaq Composite index ended trading with a decline of 1.4 percent.
Brent crude oil surpassed the $90 per barrel mark on the Intercontinental Exchange. This occurred after the US conducted its ninth consecutive night of military strikes on targets in Iran, during which casualties were reported.
Furthermore, American investigators discovered unidentified remains near the site of the Iranian attack in Jordan, which previously resulted in the deaths of two American service members. The July contract was valued at $90.29 per barrel, corresponding to a rise of 2.5 percent. Gold and silver futures traded down by 2.3 percent and 5 percent, respectively.
Today's events included lists of companies whose first-quarter reports are expected, including Action Construction Equipment, Authum Investment & Infrastructure, Bajaj Healthcare, and others. There was also information on upcoming IPOs: Caliber Mining will open a second wave of subscription for a book-built placement worth 450 crore rupees, and Sotefin Bharat will open the final day of subscription for a book-built placement amounting to 89.76 crore rupees.
According to Stock Market LIVE data, the GIFT Nifty index signaled that Nifty50 would open with a significant decline. Most Asian markets continued the downward trend.
The first publication of stock market updates took place on July 14, 2026, at 8:03 AM IST.
