Indian equity markets ended lower on Thursday, weighed down by rising geopolitical tensions between Israel and Iran and persistent volatility in global crude oil prices. While frontline indices posted marginal declines, broader markets bore the brunt of selling pressure with sharp corrections in mid-cap and small-cap segments. Sector-specific weakness in PSU banks, metals, and IT stocks further dragged indices lower, while auto stocks provided some support.
Table of Contents
- Market Snapshot: Key Indices and Movement
- Sectoral Performance Overview
- Top Nifty Gainers and Reasons
- Top Nifty Losers and Reasons
- FII & DII Activity
- IPO Highlights
- Global Markets & Geopolitical Impact
- Economic Data & Policy Developments
- Final Market Wrap Up
A cautious and volatile session saw Indian benchmarks ending in the red, with the Sensex and Nifty paring early gains amid weak global cues.
- Sensex: Closed at 81,361.87, down 82.79 points (-0.10%). It oscillated between 81,583.94 (high) and 81,191.04 (low) during the session.
- Nifty 50: Ended at 24,793.25, shedding 18.80 points (-0.08%), after touching an intraday high of 24,863.10 and low of 24,733.40.
Wrap-up: Benchmark indices witnessed mild losses, while mid and small caps faced aggressive selling as risk appetite weakened amidst global uncertainty.
Amid a mixed sectoral performance, auto stocks emerged as the day's relative outperformers, while PSU banks, metals, and IT stocks dragged the market lower.
- Top Gaining Sector: Nifty Auto (+0.52%) - driven by positive developments in EV adoption and festive season sales prospects.
- Top Losing Sectors:
- Nifty PSU Bank (-2.04%)
- Metal, Media, and Realty (each fell over 1%)
- IT stocks faced pressure on global cues.
Wrap-up: Broader sectoral weakness, led by PSU banks and IT, overshadowed gains in autos, reflecting overall market caution.
- Titan Company: rose by 0.74% to close at ₹3,498.50. The rally was driven by expectations of strong festive season sales, sustained confidence in its premium positioning in the lifestyle and jewellery segments, and an expanding retail footprint.
- Mahindra & Mahindra: gained 1.69%, ending the day at ₹3,091.80. The stock was buoyed by positive sentiment following recent investor interactions and its stable financial outlook.
- Eicher Motors: advanced by 1.91% to ₹5,495.55, supported by technical indicators suggesting upward momentum.
- Wipro: closed 1.51% higher at ₹265.50, driven by relative strength in a weak IT market, aided by selective buying interest and its defensive positioning against sectoral headwinds.
- Kotak Bank: added 0.31% to ₹2,140.00, as it witnessed consistent buying activity throughout the session.
Wrap-up: Auto majors and select financial stocks led the gainers’ list, with Titan topping on festive sales optimism and strong buying seen in Mahindra, Eicher, and Kotak Bank.
- Tech Mahindra: declined by 1.95%, settling at ₹1,677.40. The stock faced selling pressure due to a technical breakdown after breaching support levels and broader IT sector weakness.
- Adani Ports: dropped 2.59% to ₹1336.80, as escalating tensions between Israel and Iran posed operational risks to its Haifa Port ownership.
- Bajaj Finance: fell by 2.08%, closing at ₹899.70, amid sustained selling pressure throughout the session.
- IndusInd Bank: shed 1.54% to ₹837.55, impacted by negative sentiment in the banking sector and lingering concerns over its recent net loss report.
- Tata Steel: slipped by 0.72%, ending at ₹150.95, as global trade tensions and the threat of US tariffs on metals spooked investors.
Wrap-up: IT, banking, and metal stocks led the losers’ pack, with Tech Mahindra, Adani Ports, and Bajaj Finance facing sharp declines amid sectoral weakness and geopolitical concerns.
- FIIs: Net buyers at ₹890.93 crore
- DIIs: Net buyers at ₹1,091.34 crore
Insight: Despite market weakness, domestic and foreign institutions continued steady inflows, aided by mutual fund buying momentum in June.
- Monolithisch India: Strong SME listing at ₹231.55 (61.9% premium) further surged to ₹234.90 (+64.34% from issue price).
- Oswal Pumps: Debut slated for June 20, 2025. IPO oversubscribed 34.42x, with GMP at ₹48.
- Ellenbarrie Industrial Gases: Price band set at ₹380-₹400, IPO opens June 24, GMP flat at ₹0.
- Asian Markets: Ended mixed on intensified Israel-Iran conflict.
- Crude Oil:
- WTI Crude: US$75.00 (-0.19%)
- Brent Crude: US$76.49 (-0.27%)
Volatility persists; conflict escalation could push Brent above US$90, impacting inflation.
- US Fed: Maintained rates at 4.25%-4.5%; cut CY2025 GDP forecast to 1.4%; raised inflation projection to 3.0%.
- India CPI (May 2025): Fell to 2.82%, but core inflation steady above 4%.
- India WPI (May 2025): Dropped to 0.39%, a 14-month low.
- RBI Policy (June 2025): 50 bps rate cut to 5.50%; CRR reduced to 3%; gold loan LTV hiked.
Indian markets mirrored global risk aversion but stayed resilient at the headline index level, thanks to sustained DII buying. Broader markets underperformed with small and mid-cap stocks under profit-booking. Crude oil volatility and foreign fund outflows capped gains while IPO action and festive demand optimism supported select sectors.