Stocks to Watch on June 13: Crude Oil Spike, Global Tensions Drag Market Down
Market Outlook June 13, 2025: Indian equities are expected to open in the red today as global cues remain weak and crude oil prices surge sharply. GIFT NIFTY indicates a 253-point lower opening for the NIFTY50 index, reflecting the bearish sentiment. Let’s break down the key stocks to watch and the reasons they’re in focus.
🔺 Why the Market is Falling Today
Crude oil prices have jumped over 7% overnight — the highest in months — after Israel reportedly struck Iran. Explosions were heard in Tehran, escalating geopolitical tensions in the Middle East. This has raised serious concerns about disruptions in global oil supply, putting pressure on oil-sensitive sectors and triggering a risk-off mood in global equity markets.
🛢️ Oil-Sensitive Sectors in Focus
The spike in oil prices has brought the following sectors into focus:
- Oil Marketing Companies (OMCs)
- Oil Exploration Firms
- Paint Manufacturers (due to crude-linked input costs)
- Tyre Companies (rubber prices may follow crude trends)
- Aviation Stocks (fuel cost impacts)
📈 Key Stocks to Watch Today
1. Reliance Industries (RIL)
Reliance is in the spotlight after its affiliate Siddhant Commercials Pvt Ltd sold a 3.64% stake in Asian Paints via block deals worth ₹7,703 crore. The move might affect both RIL’s and Asian Paints' price action today.
Stock Performance: -0.50% ▼
2. Asian Paints
Asian Paints is under pressure as RIL offloads a significant stake. However, SBI Mutual Fund’s entry as a buyer might cushion the fall. Still, rising crude prices may challenge margins due to higher input costs.
Stock Performance: +0.48% ▲
3. Torrent Power
Torrent Green Energy, a subsidiary of Torrent Power, has won a 300 MW wind project from SECI. This project, expected to cost ₹2,650 crore, boosts its renewable energy portfolio.
Stock Performance: -2.34% ▼
4. Torrent Pharmaceuticals
Though not involved in any major news today, Torrent Pharma is trending upwards amid defensive interest in pharma stocks.
Stock Performance: +1.65% ▲
5. HCL Technologies
HCL Tech announced a strategic partnership with Volvo Cars for engineering services, potentially expanding its automotive tech vertical. This partnership may boost investor confidence.
6. ICICI Bank
ICICI Bank sold its 18.1% stake in NIIT-IFBI to NIIT Limited for ₹61.1 million. The stake sale removes NIIT-IFBI as an associate, simplifying ICICI’s portfolio.
7. DCM Shriram
DCM Shriram has entered the advanced materials segment by acquiring Hindusthan Specialty Chemicals Ltd for ₹375 crore. The acquisition aligns with its long-term strategy to diversify.
8. Jubilant Group of Stocks
According to CNBC-TV18, the Bhartia family may sell shares in three listed Jubilant companies:
- Jubilant FoodWorks: 13.2 million shares
- Jubilant Ingrevia: 12 million shares
- Jubilant Pharmova: 5.6 million shares
This news could weigh on all three stocks as markets may interpret the move as profit-taking or fund-raising.
📉 Broader Market Impact
Markets may continue to react negatively to geopolitical news and commodity inflation. Traders should exercise caution, especially in sectors heavily exposed to crude prices.
💡 Pro Tip for Traders
Crude price fluctuations often have a domino effect. Watch for volatility in aviation, OMCs, and paints. On the flip side, defensives like pharma and IT could attract safe-haven buying.
📌 Conclusion
The June 13 session is set for a cautious start amid rising oil prices and global tension. Stocks like RIL, Asian Paints, Torrent Power, Jubilant FoodWorks, and HCL Tech should be on every trader’s radar today.
Stay informed, watch the volumes, and keep an eye on global headlines!
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