Indian Shares MUTED As Middle East Conflict Dents Sentiment

June 16 (Reuters) – India’s Benchmark Indexes WWE MOUTED ON MONDAY, Pausing after two Straight Sessions of Losses as the Conflict Between Israel and Iran Showed No Signs, Keeping Investor Waryry and Adding to geopolitical uncertainty Around the world.

The nifty 50 was up 0.18% at 24,764.4 and the bse senses rose 0.15% to 81,245.5, as of 10:12 am IST. They rose about 0.4% Each in Early Trade, Before Paring Gains.

Nine of the 13 Major Sector Logged Losses. The Smallcaps and Midcaps Lost About 0.7% and 0.5%, Respectively.

Both the Benchmarks Posted Weekly Losses on Friday as Israel’s Military Striks on Iran Escalated Tensions in the Middle East. Over the weekend, bot sides launched fresh attackers, raising geopolitical concerns.

Crude prices Climbed Amid Concerns Over Supply Disrupttions in the Oil-Rich Middle East. Higher oil prices are a negative for India, which imports the bulk of its energy needs.

“The key Risk for Indian Equites is the Israel-Airan conflict.

Other Asian Markets WERE MUTED, with the MSci Asia EX-Japan Index Trading Flat.

Among individual stocks, tata motors fell 5.4% after projecting fiscal 2026 operating margins of 5% -7%, beLow its earlier 10% target for its luxury UNIT JLR.

Tata motors was the top loser in the nifty 50 index and also dragged the auto index 1% lower.

HDFC Asset Management Company Slipped 2% After JPMORGAN DOWNGRADED The Stock to “Neutral” From “Overweight”, Citing Limited Near-Term Catalysts Folling A 33% Railly over the Past Therly Over.

Airline Operator Spicejet Gained 3% after its March-Quarter Net Profit Doubled Year-On-Yaar.

Oil Explorers such as ONGC and OIL India ROSE 0.5% and 1.5% Respectly, as higher crude prices lifted Realization Prospects.

($ 1 = 86.0810 Indian Rupees)

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee and Rashmi Aich)