West Asia War updates: Abbas Araghchi says draft U.S. deal includes ending naval blockade, Hormuz arrangements

Iranian Foreign Minister Abbas ‌Araghchi said on Friday (June 12, 2026) ⁠that an “Islamabad Memorandum of Understanding (MoU)” for ‌addressing the U.S.-Israeli ‌war ‌on ⁠Iran ⁠had “never been closer”, but urged media outlets ‌to refrain from speculating about its contents ‌until it was finalised. He said Iran ⁠would share all ‌details with the public in due course, in ‌what he called Tehran’s responsible and transparent ⁠approach.

U.S. President Donald Trump on Friday (June 12, 2026) accused Iran of carrying out a drone attack against Indian ships leaving the Strait of Hormuz, saying it was “totally unacceptable.” Three vessels with an Indian crew came under attack off the Oman coast this week. One of them resulted in the death of three Indian seafarers on Wednesday (June 11). 

3 Indians Died In US Strikes

Three Indians were killed in an US strike on a vessel off the coast of Oman. It is not the first time that Indians have come under the line of fire from American miscalculations.

Global and Domestic markets 31 may 2026

Global and domestic financial markets are navigating major geopolitical shifts, corporate earnings wrap-ups, and key macroeconomic announcements. On Dalal Street, the NSE Nifty 50 closed down significantly at 23,547.75 (-1.50%) due to persistent foreign investor selling and inflation worries triggered by the IMD's below-normal monsoon forecast. In contrast, US stocks wrapped up the week on a positive note, with the S&P 500 closing slightly up at 7,580.06 (+0.22%), locking in its ninth straight positive week on tech strength and optimistic Middle East developments.

Indian Market & Macro Updates

Monsoon & Inflation Alarm: The IMD's prediction of a below-normal monsoon sparked food inflation fears, dragging down FMCG and power stocks significantly.

RBI Annual Report Resilience: The Reserve Bank of India projected a resilient GDP growth trajectory for FY27, though it expects retail inflation to settle around 4.6% amid geopolitical headwinds.

Windfall Tax Hike: The Government of India announced a revision of the windfall tax on fuel exports, set to take effect starting June 1.Customs Duty Waiver: To assist textile manufacturers, the Centre completely waived customs duty on cotton imports until October 31.Unclaimed Assets Portal: The government launched a centralized digital search portal to help citizens trace unclaimed financial assets across institutions.

🌎 Global & Commodities Summary

US-Iran Ceasefire Progress: Geopolitical tensions eased marginally after reports that the US and Iran are close to an agreement to extend their 60-day ceasefire.

Crude Oil Dips: Brent crude futures traded lower following progress on the US-Iran peace deal, offering a brief respite to energy-importing economies.

Gold Remains Premium: Spot gold traded steadily amid US interest rate hike concerns, but physical gold prices in India are still holding an 18% premium over global spot prices.

Corporate & Stock Specific HighlightsPB Fintech Block Deal: The founders of Policybazaar pared their stake by offloading shares worth ₹665 crore, with Goldman Sachs and domestic funds absorbing the block.

AI Rally Boosts IT: Wipro and Infosys led minor rebounds on the exchanges after massive global AI investments (including Anthropic's funding round) elevated global tech sentiment.

Adani Infrastructure Expansion: Adani Group firms finalized a capital deployment plan of ₹5,694 crore to acquire distressed assets of Jaiprakash Associates.

Gold Silver import get costlier

The Centre has revised customs duty rates on several categories linked to imports of gold, silver and other precious metals through a Finance Ministry notification issued on Wednesday.

The government has increased the import duty on gold and several other precious metals, a move expected to make imports costlier. The revised duty structure will take effect from May 13, 2026, with the higher levy applicable to gold, silver, platinum, jewellery findings and precious metal-related industrial imports.

The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%, as the Centre seeks to curb overseas purchases of precious metals and reduce pressure on foreign exchange reserves.

The government has also increased the import duty on gold imported from the United Arab Emirates under the fixed-quantity quota system, which earlier enjoyed concessional duty rates.

Issued by the Department of Revenue under the Customs Act, the notification amends earlier customs notifications issued in 2018 and 2021.

The notification also revises duty rates on jewellery “findings” — small components such as hooks, clasps, clamps, pins and screw backs used in jewellery manufacturing. Gold and silver findings will now attract 5% customs duty, while platinum findings will attract 5.4%.

The government has also modified concessional duty provisions for imports of spent catalysts or ash containing precious metals meant for recovery and recycling. Such imports will attract a concessional customs duty of 4.35%, subject to specified compliance conditions.

Meanwhile, as tensions continue to rise in West Asia, Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including postponing gold purchases and reducing foreign travel, as the government seeks to protect the economy from the fallout of the conflict.

Emphasising the need for caution, Modi on Sunday urged people to use fuel judiciously and avoid unnecessary spending in order to strengthen the country's economic position.

India's soaring gold imports have now come under focus. The country's gold imports rose more than 24% to a record $71.98 billion in 2025-26, compared to $58 billion in 2024-25. Imports stood at $45.54 billion in 2023-24 and $35 billion in 2022-23.

However, in volume terms, gold imports fell 4.76% to 721.03 tonnes in 2025-26 from 757.09 tonnes in the previous fiscal year.

India remains the world's second-largest consumer of gold after China, with demand largely driven by the jewellery sector. Gold is traditionally considered a safe-haven asset, and demand typically rises during periods of geopolitical uncertainty.

According to the commerce ministry, the sharp jump in imports was mainly due to rising prices. Gold prices increased from $76,617.48 per kilogram in FY25 to $99,825.38 per kilogram in FY26. In the national capital, prices are currently hovering around Rs 1.5 lakh per 10 grams after crossing the Rs 1 lakh mark for the first time in April last year.

Higher imports of the precious metal have also increased pressure on India's trade deficit and foreign exchange reserves. The country's trade deficit widened to $333.2 billion during 2025-26.

The surge in imports has also affected India's current account deficit (CAD). According to Reserve Bank of India data released on March 2, India's CAD rose to $13.2 billion, or 1.3% of GDP, in the December quarter, up from $11.3 billion a year earlier, largely due to a higher trade deficit.

Gold accounts for more than 9% of India's total imports, which stood at $775 billion in 2025-26.

Switzerland remains India's largest source of gold imports with nearly a 40% share, followed by the United Arab Emirates at over 16% and South Africa at around 10%.

Markets unstable

Stock markets from all over the world unstable due to Straight of Hormuz and its extend the losses of investors. It's good time to average on low and new buying on good stocks always reward you.

Asian markets this week

Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike.

In a possible hint of hope, the Wall Street Journal reported the Trump administration plans to announce as early as this week that multiple countries have agreed to form a coalition to escort ships through the Strait of Hormuz.

President Donald Trump told the Financial Times it would be very bad for the future of NATO if the allies did not help.

Redington share in news 12.03.2026

The company has received a favourable order from the Commissioner of Income Tax (Appeals), quashing the demand of Rs 230.21 crore (out of the total demand of Rs 233.66 crore) raised by the Assessing Officer for the Assessment Year 2020–21

Market may feel some relief today

Indicator from Gift nifty positive start for Indian equity market but middle east war remain cautious for investors. Markets may recover fast but negative news are around the corner. Please trade cautiously.

Ayatollah Ali Khamenei, Iran’s Supreme Leader dead at 86 as Israel-Iran conflict spirals

After the death of supereme leader Council of ‌Iranian President, ⁠Head ‌of ‌the ‌Judiciary, ⁠and ⁠one of ‌the jurists ‌of the Guardian ⁠Council ‌are to ‌temporarily assume duties ⁠of ⁠leadership ‌in Iran, according to the IRNA news agency.

Urge all sides to exercise restraint' - India on Middle East situation as US, Israel attack Iran

 Israel launched a daylight strike on Saturday targeting Tehran, the capital of Iran, with plumes of smoke seen rising from the city’s downtown area. The attack reportedly occurred near offices associated with Supreme Leader Ayatollah Ali Khamenei. It was not immediately clear whether the 86-year-old leader was present at the time. Khamenei has not appeared publicly in recent days amid rising tensions with the United States.

Israeli defence minister Israel Katz described the operation as “to remove threats,” but provided no further details. The strike comes as Washington has deployed a substantial fleet of fighter jets and warships to the region in an effort to pressure Iran over its nuclear programme. Tehran has warned that any escalation could result in attacks on American military personnel and bases across the region.

Witnesses in Tehran reported hearing the first blast near Khamenei’s office. Iranian state television later confirmed the explosion without specifying a cause. Following the strikes, Iran shut down its airspace, issuing warnings to pilots as additional explosions were reported across the capital.

Meanwhile, sirens sounded across Israel, prompting the Israeli military to issue a “proactive alert” and advise civilians to be ready for possible missile attacks. The Israel Defence Forces (IDF) Home Front Command warned citizens to stay close to bomb shelters and avoid non-essential travel, although it noted that immediate sheltering was not required.

The situation affected international travel as well. Passengers at Tel Aviv airport, including those on Air India flight AI 140 to New Delhi, were asked to abandon their baggage and rush to bomb shelters. Air India announced it will suspend operations on the sector for a week to monitor the evolving situation.

The attack marks a serious escalation in the region, reflecting ongoing tensions between Israel, Iran, and the United States. The full extent of casualties, if any, remains unknown, and both military and diplomatic responses are being closely monitored.

Gift nifty indicate negetive start

As per gift nifty indicate negative start for nifty today 17.02.2026

Earning calendar today

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here's a quick look at which stocks will be in focus in today's trade:

Results Today

Bharti Airtel, Hero MotoCorp, Tata Motors Passenger Vehicles, Life Insurance Corporation of India, Indian Oil Corporation, FSN E-Commerce Ventures Nykaa, Bharti Hexacom, Aditya Birla Fashion and Retail, Alembic Pharmaceuticals, Berger Paints India, Black Buck, Godrej Properties, Hindustan Copper, Max Healthcare Institute, Mazagon Dock Shipbuilders, NCC, Power Finance Corporation, Hitachi Energy India, PVR Inox, Physicswallah, Rail Vikas Nigam, Suzlon Energy, Unichem Laboratories, Voltamp Transformers, and VA Tech Wabag will release their quarterly earnings today.

Beyond the F&O Shock: 3 Multi-Bagger Themes from Budget 2026

components and aircraft parts, India is positioning itself as an irresistibly efficient global export hub.

The F&O Tax Hike: Why the Market is Worried

The one "bitter pill" for traders was the increase in Securities Transaction Tax (STT):

STT on Futures: Raised from 0.02% to 0.05%.

STT on Options: Raised from 0.1% to 0.15%.

While this is a direct hit to high-frequency trading (HFT) and brokerages, the intent is clear: the government wants to move retail capital away from high-risk speculation and toward long-term "productive" investments in the equity market.

Conclusion: A Blueprint for a Productive India

The 2026 Union Budget is a masterclass in economic re-engineering. By decisively cutting input costs for manufacturers and simultaneously increasing the "cost of speculation" via the STT hike, the Finance Minister has cleared the tracks for a manufacturing-led supercycle.

The government is no longer just subsidizing growth; it is architecting a high-tech, self-reliant ecosystem. For the visionary investor, today’s market volatility is not a warning—it is a strategic entry point. While the indices react to the short-term sting of transaction costs, the underlying roadmap for India’s industrial backbone remains more robust than ever.

💡 The Strategy: Use this dip to build positions in quality stocks positioned at the heart of these structural changes. In the long run, the productive capacity of the nation will always outweigh the temporary noise of the trading floor.

We’ve identified the specific companies set to be the biggest beneficiaries of the Budget 2026 announcements.

Metals meltdown: Here's the post-crash roadmap for gold and silver

Gold and silver ETFs slid by as much as 23% on Friday as investors locked in profits after a sharp pullback from record highs, reviving debate over whether the move marks a buying opportunity or the end of an exceptional rally. The selloff followed an extraordinary January in which silver jumped 56%, its strongest monthly performance on record, while gold rose more than 20% in dollar terms, its biggest monthly gain since 1980. The reversal accelerated after US President Donald Trump said he would soon announce his choice to replace Federal Reserve Chair Jerome Powell, with reports pointing to former Fed governor Kevin Warsh. Markets were rattled by expectations of a less dovish Federal Reserve, while a rebounding dollar and overbought signals amplified selling pressure.

Trade market cautiously ahead of budget 2026

Markerts today showing some strength but still under pressure so trade cautiously.

Will the bloodbath on D-Street continue or is there relief on the anvil? Market experts say this

Sensex fell 1,065 points, Nifty dropped 353 points in broad-based market selloff.

Nifty hit lowest close since October 2025, realty and auto stocks led declines.

Experts see resistance at 25,400–25,600; downside likely if support breaks.

Share market update

🌸 Lohri & Makar Sankranti Wishes 🌸

Lohri di lakh-lakh vadhaiyan!

May the warmth of the Lohri bonfire fill your life with happiness, prosperity, and good health.

🪁 Happy Makar Sankranti!

May this auspicious festival bring new hopes, positive energy, and success into your life.

✨ Til-gud khaaiye, mithaas badhaiye,

Aur khushiyon ke rang udataiye! ✨

Happy Lohri & Makar Sankranti to you and your family! 🌾🪁

SIP Calculator: Kaise Use Karein & Investment Planning Guide

SIP calculator ek tool hota hai jo aapko batata hai ki monthly SIP se future me kitna paisa banega.

Isse investment planning bohot easy ho jati hai.

SIP Calculator Kya Batata Hai?

Aapka total invested amount

Future value

Expected returns (CAGR)

Profit amount

Kaise Use Karein? (Step-by-Step)

➤ Step 1: Monthly SIP Amount Enter Karein

Example: ₹1,000 per month

➤ Step 2: Time Period Set Karein

Example: 10–20 years

➤ Step 3: Expected Return Choose Karein

Equity fund average return: 12–15%

➤ Step 4: Calculate Button Press Karein

Example Calculation

Agar aap SIP ₹1,000/month 15 years tak karo:

Total Investment: ₹1,80,000

Expected Value: ₹5–6 lakh

Long-term power of compounding!

SIP Calculator Ka Benefit

✔ Planning easy

✔ Long-term goal clear

✔ Retirement + education + wealth planning

✔ Realistic expectations

Best SIP Calculators

Groww

ET Money

Zerodha Coin

Conclusion:

SIP calculator har investor ke liye essential planning tool hai.

Debt Funds vs Equity Funds: Difference + Best Choice

Mutual fund choose karte waqt sabse bada confusion—Debt ya Equity?

Chaliye simple language me samajhte hain.

1. Equity Fund

Stocks me invest

High return (12–18%)

High risk

Long-term 5–10 years ke liye best

2. Debt Fund

Bonds, government securities

Low return (6–9%)

Low risk

Short-term (1–3 years) ke liye best

Kaun Kisko Choose Kare?

Equity Fund Best For

✔ Young age (20–45)

✔ Long-term goals

✔ Wealth creation

Debt Fund Best For

✔ Safe investors

✔ Retired or near-retirement

✔ Emergency parking

Best Strategy (Perfect Mix)

60% Equity + 40% Debt Fund

Risk bhi kam + return bhi strong