Nifty and Sensex End Lower; Sun Pharma and ICICI Bank Weigh on Index, IT Index the Only Sectoral Index to Close in Green
On Tuesday, June 17, the Indian equity benchmark indices closed in the red near 20-DEMA. The Nifty 50 index was weighed down by Sun Pharma and ICICI Bank.
After opening with mild gains, the index quickly witnessed profit booking and slipped into negative territory. Every attempt to recover was met with further selling, amid ongoing uncertainty related to geopolitical tensions in the Middle East.
Finally, at the closing bell, the Nifty 50 ended down by 93.10 points or 0.37%, at 24,853.40. The Sensex fell by 212.85 points or 0.26% to 81,583.30.
Crude oil futures rise as Israel-Iran conflict enters its fifth day, raising inflationary risks for oil importers like India. Higher crude costs threaten to widen India's import bill and fuel price pressures.
Except for the IT sector, all of the remaining 11 key sectors witnessed declines. Meanwhile, broader indices like Smallcaps and Midcaps, ended in the red.
Among individual stocks,
The Nifty IT index surged by 0.72% on Tuesday. Tech Mahindra jumped over 1.46%, emerging as the top gainer among the IT stocks. While the Nifty Pharma Index declined by 1.89% as the U.S. President Donald Trump said tariffs on the Pharma sector are 'coming soon.'
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 declined by 0.66% and the Small-cap 100 index fell by 0.69%.
As of June 17, 2025, the Indian stock market witnessed negative market breadth. Out of 2,961 stocks traded on the NSE, 939 advanced, 1,946 declined, and 76 remained unchanged.
A total of 57 stocks touched their 52-week highs, while 24 hit their 52-week lows. Additionally, 91 stocks were locked in their upper circuits, whereas 70 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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