Friday the 13th, no more! Sensex, Nifty recover on June 16, jump almost 1 per cent as India posts 14-month low WPI inflation

Last week, which ended with the ‘inauspicious’ Friday the 13th (June 13, 2025), saw the Sensex nosedive by 1,396.54 points and Nifty drop by 422.8 points on a final couple of trading days. However, a variety of factors lifted Indian equities on Monday, June 16, enough to recover losses from Friday.

On Friday alone, the Sensex lost 573.38 points and the Nifty by 169.60 points. But Monday saw some aggressive buying in oil stocks and the IT sector, which helped lift both benchmark indices.

This was further helped by a drop in Brent crude oil prices, which was skyrocketing last week due to the developing crisis between Iran and Israel. However, global markets saw some positive returns to investors, sending equities up en masse and pushing down the Global oil benchmark by 0.81 per cent to $73.63 a barrel.

When trading ended on Monday, June 16, BSE Sensex soared 677.55 points (up 0.84 per cent) to settle at 81,796.15 while the NSE Nifty gained 227.90 points (up 0.92 per cent) to 24,946.50 points.

The Sensex, which went as high as 81,865.82 during the day, saw UltraTech, Tech Mahindra, HCL Tech, TCS, Eternal, Asian Paints, Tata Steel, and Kotak Mahindra Bank leading the charge, despite consistent bear movement in Tata Motors, Adani Ports, and Sun Pharma.

Kospi (South Korea), Nikkei 225 (Japan), SSE Composite (Shanghai, China) and Hang Seng (Hong Kong) all closed in the green.

European markets were also trading in the green later on Monday.

India posted its May inflation numbers, noting that wholesale price inflation (WPI) slid to a 14-month low of 0.39 per cent. This signalled a dip in food and fuel prices.

Despite the Indian currency opening lower, the Reserve Bank of India’s intervention in ramping up forex and soaring equities paired with the dipping dollar and crude benchmark led to the rupee gaining 8 paise to hit a provisional 86.03 against the dollar.

However, further gains were dented by a decline in exports and foreign fund outflows throughout the day.

Business