Premarket BUZZ 17Jun2025🚨 #ABRMARKETWATCH

1. Asian equities: Indian stocks started weakly due to geopolitical tensions, but NSE Nifty rose 0.92% and BSE Sensex increased 0.84%.
- Oil prices surged due to supply disruption fears, with WTI and Brent rising 2.1% and 1.78%, respectively.
- Copper and aluminum gained, while zinc rose 1.3% and nickel fell 0.4%.
- Zee Entertainment, Nazara Tech made notable moves; TCS partnered with the council of Europe Development Bank.
- Several companies announced fundraising plans, name changes, acquisitions, and subsidiary incorporations. SBI proposed to raise $3 billion.
- ICICI Prudential Mutual Fund bought 85 lakh shares in Asian Paints; Solara Active Pharma Sciences saw a change in share ownership.
- Indian rupee closed stronger against US dollar, while the yield on the benchmark 10-year government bond ended lower at 6.33%.

2. Global financial market: Tensions between Israel and Iran jolted Asian markets, with S&P 500 seeing a setback.
- Investors monitoring G-7 summit in Canada where Trump met with Japanese Prime Minister Shigeru Ishiba for tariff removal discussions.
- China's retail sales showed strength despite US tariffs and deflationary forces, while the housing market remains challenging.
- Crude oil prices increased by 1.9%, and gold also saw a rise of 0.5%. Bitcoin and Ether experienced a drop in value.
- Dollar remained relatively stable, with the euro falling slightly against it. The Japanese yen was little changed; offshore yuan showed no significant movement.
- As the situation unfolds, investors will continue to monitor geopolitical developments closely, particularly regarding Iran-Israel conflict and G-7 summit.