After opening the day flat, the benchmark indices dragged as the session progressed and ended the day marginally lower.

Indian benchmark equity indices ended lower on Thursday as investor sentiment remained subdued amid escalating tensions between Iran and Israel, fluctuating crude oil prices, and concerns over the impending deadline for the implementation of former US President Donald Trump's proposed reciprocal tariffs.

At the closing bell, the BSE Sensex closed lower by 83 points (down 0.1%).

Meanwhile, the NSE Nifty closed 18 points lower (down 0.%).

M&M, Trent and Eicher Motors among the top gainers today

Adani Enterprises, Adani Ports and TCS, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,787, lower by 22 points at the time of writing.

The BSE MidCap index ended 1.6% Lower and the BSE SmallCap index ended .7% Lower.

Barring It auto sector, all other sectoral indices were trading in red, with stocks in the realty sector, power sector and metal sector witnessing the most selling pressure.

The rupee is trading at Rs 86.8 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 99,380 per 10 grams.

Meanwhile, silver prices were trading 1% lower at Rs 107,400 per 1 kg.
 

MTAR Tech Rebounds 3%

In news from the engineering sector, shares of MTAR Technologies pared all losses to trade 1% higher to Rs 1,709 in the afternoon on 19 June after the precision engineering company announced a 10-year supply agreement with Switzerland-based Weatherford Products GMBH for Whipstock assemblies and other critical components.

Deliveries under the contract are expected to begin with Rs 100 m worth of execution in FY26, scaling up sharply to around Rs 900 m annually from FY27.

The company plans to fulfil this order from a new facility in Adibatla, Telangana, which is set to go live by June 2026.
 

Adani Ports Extend's Fall

Moving on to news from the ports sector, shares of Adani Ports & Special Economic Zone (APSEZ) fell nearly 2.5% on June 19, marking the stock's seventh straight session of decline.

Over this stretch, the stock has shed more than 9%, as investors remain jittery about the safety of its strategic asset-Haifa Port in Israel-amid escalating tensions in the Middle East.

The conflict between Israel and Iran entered its seventh day, with fresh missile strikes reported in central and northern Israel.

The Israel Defence Forces (IDF) has urged civilians to remain indoors as defense operations intensify. Iranian missiles have reportedly caused significant damage to critical infrastructure, including Israel's stock exchange building, hospitals, and state-run media offices, with multiple casualties confirmed.

Adani Ports acquired a majority stake in Haifa Port for $1.18 billion in 2023, making it one of Israel's key seaports under its operation. Over the weekend, Iran reportedly targeted the Haifa Port and a nearby oil refinery. However, according to a clarification from Adani Group's CFO, the port has not sustained direct damage.

Defence Stocks Rebound

Moving on to news from the defence sector, shares of Indian defence companies staged a rebound on Thursday, as rising tensions between Israel and Iran reignited investor interest in the sector.

The renewed geopolitical uncertainty has shifted global focus back to defence spending and exports, benefiting domestic players.

Earlier in the day, reports emerged that Israel had targeted Iran's Arak heavy water reactor. While the facility was evacuated in advance and authorities confirmed there was "no radiation danger whatsoever," tensions remained high.

Meanwhile, a missile strike by Iran hit a major hospital in southern Israel, causing significant damage, according to Israeli officials.

In response, the Nifty Defence index bounced back after slipping nearly 0.5% in the previous session. During intraday trade, 10 out of the 18 stocks in the index were trading in positive territory.

This marked the seventh consecutive day of heightened conflict, following a stern warning from Iran's supreme leader who dismissed US intervention and cautioned that any military involvement would lead to "irreparable damage."
 

Seimens Energy Shares are listed at Rs 2,840

Moving on, Siemens Energy, the power transmission and distribution (T&D) business that was demerged from Siemens, listed on the NSE at Rs 2,840 per share on June 19.

Its equity shares listed above the price on the demerger date which was Rs 2,350 apiece. The stock soon hit 5% upper circuit post-listing, rising up to Rs 2,982 per share on the NSE.

On the other hand, Siemens Energy shares opened at Rs 2,850 on the BSE and went on to hit 5 percent upper circuit at Rs 2,992 apiece.

The demerger from Siemens took place on April 7.

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