Mumbai, June 13 -- GIFT Nifty:

GIFT Nifty June 2025 futures slipped 368.50 points in early trade, signaling a weak start for the Nifty 50 as risk-off sentiment gripped markets after Israel declared a state of emergency following strikes on Iranian nuclear and strategic sites.

In commodities, Brent crude (August 2025 contract) soared $8.07, or 11.63%, to $77.43 per barrel amid heightened geopolitical tensions.

Economy:

India's Consumer Price Index (CPI)-based inflation eased to 2.82% in May 2025, down 34 basis points from April's 3.16%, marking the lowest reading since February 2019. A key driver of the decline was food inflation, which dropped to 0.99%, the lowest since October 2021, significantly below both April's 1.78%.

Institutio...