China, Taiwan clash over history, Beijing says can’t ‘invade’ what is already Chinese territory
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Diverging Reports Breakdown
No alternative to higher defence spending amid Russian threat, NATO’s Rutte says
NATO chief Mark Rutte says there is no alternative to higher defence spending. North Korea, China and Iran are supporting the war effort in Ukraine, he says. Rutte is meeting with world leaders at the NATO summit in the Hague.
THE HAGUE, June 25 (Reuters) – There is no alternative to higher defence spending in light of the ongoing threat from Russia, NATO chief Mark Rutte said on Wednesday.
“Given our long-term threat of Russia, but also the massive build-up of the military in China, and the fact that North Korea, China and Iran are supporting the war effort in Ukraine, it’s really important we spend more. So that will be number one on the agenda today,,” Rutte told reporters before meeting with world leaders at the NATO summit in the Hague.
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ET Market Watch: Sensex jumps 1,100 pts, then tanks! Israel-Iran tensions spook markets
Sensex jumped over 1,100 points, crossed 83,000, but ended just 158 points higher. The cheer around Trump’s ceasefire call faded fast after Israel ordered strikes on Iran. Brent crude fell below $70, down 3.5% — which is good news for India! But any further escalation could disrupt supply via the Strait of Hormuz.
Hi, you’re listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let’s get to it:
Stock markets turned nervous after a strong start today. Sensex jumped over 1,100 points, crossed 83,000, but ended just 158 points higher… Why?
The cheer around Trump’s ceasefire call faded fast after Israel ordered strikes on Iran.
Fresh tension in the Middle East rattled global sentiment and cut short early gains.
Sensex ended at 82,055, up just 0.19%
Nifty held above 25,000 — up 0.3%
Adani Ports, Jio Financial, Grasim led the rally
Smallcap & Midcap indices gained over 0.7%
Oil price & macro impact
Brent crude fell below $70, down 3.5% — which is good news for India!
But any further escalation could disrupt supply via the Strait of Hormuz, risking India’s fuel imports and widening the current account deficit.
Technicals
Nifty failed to breach the 25,200 resistance.
Religare sees short-term weakness.
Kotak’s Shrikant Chouhan says 25,000–82,000 for Nifty & Sensex is crucial support — bounce is likely if it goes above, correction risk in going below these levels
For now, volatility rules.
Traders: stay range-bound.
Investors: watch crude prices, geopolitics, and the Q1 earnings season ahead.
Keep listening to ET Markets Radio for more.