US Market: US stocks are drifting near their records on Monday after trading resumed following a three-day weekend for Wall Street. The S&P 500 rose 0.1%, coming off its 11th winning week in the last 12, and is within 1.3% of its all-time high set early this month. The Dow Jones Industrial Average was up 220 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.
US-Iran Talks: US Vice President JD Vance on Monday said talks between the US and Iran have made “great progress” despite “threatening” and “whining.” Vance said the talks in Bürgenstock, Switzerland, were continuing and Tehran had agreed to permit International Atomic Energy Agency inspectors back into Iran. The talks were strained over the weekend when Iran announced it had closed the Strait of Hormuz over Israeli strikes on Lebanon, saying these violated the ceasefire.
Iranian Oil Sales: The US on Monday authorised Iranian oil sales through August after “productive talks” between Tehran and Washington in Switzerland over the weekend, Treasury Secretary Scott Bessent said. As part of the framework, Treasury has issued a temporary 60-day general license authorising the production, delivery, and sale of Iranian oil,” Bessent said in a post on X. The authorisation expires on August 21 unless it is renewed.
India’s core sector growth slowed to a seven-month low of 0.5% in May. Data released by the government showed the Index of Eight Core Industries (ICI) expanded 0.5% year-on-year in May, down from the revised growth of 1.8% recorded in April. The eight core industries account for 40.27% of the weight in the Index of Industrial Production (IIP), making the data a key indicator of broader industrial activity.
RBI Bulletin: An adverse south-west monsoon may pose headwinds for the domestic growth and inflation outlook, even as the global economic landscape remains fragile, the Reserve Bank of India Bulletin said. The global economic landscape remains fragile despite some respite gained through the interim US-Iran peace agreement, the article said.
Craftsman Automation Block Deal: Promoter shareholder Srinivasan Ravi has launched a block deal in shares of Craftsman Automation, seeking to sell up to 2.01% of the company’s total equity through a base offer and greenshoe option. The transaction size is estimated at ₹484 crore, according to the term sheet. The shares are being offered at a floor price of ₹925 apiece. The sale is subject to an 18-month lock-up period.
JSW Infrastructure QIP: Sajjan Jindal-owned company said its Finance Committee has approved the opening of its qualified institutions placement (QIP) on June 22, 2026. The committee has fixed the floor price at ₹290.35 per equity share.
The relevant date for the offer has also been set as June 22, 2026. The offer comprises a fresh issue of up to 230 crore equity shares by the company and an offer for sale of up to 33.25 crore equity shares by Sajjan Jindal Family Trust, the promoter selling shareholder.
India HSBC PMI: HSBC releases its early flash India Manufacturing and Services PMI data for June at 10:30 AM IST.
