Indian stock markets opened flat on June 19, 2025, with the Nifty 50 index starting at 24,800 and the Sensex remaining largely unchanged. The market showed muted activity amid ongoing geopolitical tensions between Israel and Iran and a cautious stance from the US Federal Reserve. Asian stocks declined following the Fed's inflation warning, contributing to subdued investor sentiment globally. Key sectors such as IT, PSU banks, and metals experienced selling pressure, with small and midcap stocks falling by around 1%. However, defense stocks saw gains, with companies like Paras Defence, Mazagon Dock, and Bharat Dynamics Ltd rising up to 4% amid the escalating Israel-Iran conflict. Major gainers in the broader market included IndusInd Bank, Titan, and Eicher Motors. The Fed's hawkish tone and uncertainty around tariffs from the Trump-era added to the market's volatility, with analysts expressing concerns about a potential 'stagflation lite' scenario. The GIFT Nifty initially indicated a gap-down start but later recovered to suggest a muted market opening. Overall, the Sensex traded near 81,347 points, down 98 points from previous levels, while the Nifty 50 was lower by 24 points at 24,788 after hitting intraday lows.