Nifty, Sensex Trim Losses to Close 0.7% Lower; OMCs Slide on Crude Spike, Gold Hits ₹1 Lakh Mark!
On June 13, the Indian equity benchmark indices closed in the red. The benchmark indices were dragged by heavyweights like HDFC Bank and ICICI Bank. OMCs' stock also witnessed a decline as Israel's military strikes on Iran deepened tensions in the oil-rich Middle East and triggered a broad-based selloff across markets.
After opening in deep red, Nifty 50 managed to trim some losses. After midday, it oscillated in a range.
Finally, at the closing bell, the Nifty 50 ended down by 169.60 points or 0.68%, at 24,718.60. The Sensex tanked by 573.38 points or 0.7% to 81,118.60.
Meanwhile, crude surges 9% after Israel's strikes on Iran escalated geopolitical tensions, raising supply concerns, while MCX Gold Futures hit the ₹1 lakh mark on June 13, 2025.
Out of 11 key sectoral indices, 3 sectors ended in positive territory. Losses were seen in the broader markets with the Nifty Mid-cap and Nifty Small-cap indices closing in red.
Among individual stocks,
The Nifty PSU Bank index tumbled by 1.18% on Friday. Canara Bank fell over 3.6%, leading losses among PSU stocks.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended in red, with the Mid-cap 100 index declining by 0.37% and the Small-cap 100 index tumbling by 0.49%.
As of June 13, 2025, the Indian stock market witnessed negative market breadth. Out of 2,964 stocks traded on the NSE, 1,059 advanced, 1,824 declined, and 81 remained unchanged.
A total of 43 stocks touched their 52-week highs, while 33 hit their 52-week lows. Additionally, 54 stocks were locked in their upper circuits, whereas 80 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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