Stock markets on June 13: Here are 5 things to know before market opens

The Indian equity benchmarks are set to stage a gap down opening on Friday, June 13, as indicated by NIFTY futures traded at Gift City at Ahmedabad. Gift NIFTY futures at Ahmedabad fell 0.86% or 212 points to 24,713 amid weak global cues after Israel attacked Iran's capital Tehran. In Thursday's session, the SENSEX and NIFTY50 indices snapped their six-day winning streak to end lower.

Israel attacks Iran

Israel attacked Iran’s capital early Friday, with explosions booming across Tehran as Israel said it targeted nuclear and military sites. The attack comes as tensions have reached new heights over Tehran’s rapidly advancing nuclear programme, news agency AP reported.

Israeli Prime Minister Benjamin Netanyahu said that Israel targeted Iran’s main enrichment facility in Natanz and the country’s ballistic missile program, as well as top nuclear scientists and officials.

The report from Iranian state television offered few other details about what happened to Gen. Hossein Salami. Iran’s Revolutionary Guard, created after its 1979 Islamic Revolution, is one of the main power centers within the country’s theocracy.

Asian markets

Most of the Asian markets were trading lower after Israel launched attack on Iran. Japan's Nikkei fell 1.19%, China's Shanghai Composite declined 0.51%, Hong Kong's Hang Seng tumbled 0.52% and South Korea's KOSPI dropped 1%.

US stock futures were also indicating a weak start for US markets as Dow Jones futures fell 1.5%.

US markets

US stock indexes ticked higher on Thursday following another encouraging update on inflation across the country, according to AP.

The S&P 500 rose 0.4% to pull back with 1.6% of its record. The Dow Jones Industrial Average added 101 points, or 0.2%, and the Nasdaq composite gained 0.2%.

Surging crude prices

Amid rising geopolitical tensions in west Asia following Israel's attack on Iran, Brent Crude oil futures surged 10% to hit an intraday high of $76.14 per barrel.

Rising crude oil prices are negative for Indian economy as India imports most of its crude requirement.

FII/DII activity

Foreign institutional investors (FIIs) sold shares worth ₹3,831 crore in cash segment on Thursday while domestic institutional investors bought shares worth ₹9,393 crore.

In the derivatives segment, FIIs sold index futures worth ₹2,838 crore and they also sold index options worth ₹8,462 crore.