Nifty Extends Fall for Second Day; Nifty Bank Bucks the Trend, All Eyes Now on US Fed Meet Outcome
On Wednesday, June 18, Indian benchmark indices ended Wednesday's session in the red for the 2nd consecutive day, weighed down by rising tensions in the Middle East and cautious sentiment ahead of the U.S. Federal Reserve's interest rate announcement. The Nifty 50 index was dragged down by ICICI Bank and TCS.
At the closing bell, the Nifty 50 ended down by 41.35 points or 0.17%, at 24,812.05. The Sensex fell by 138.64 points or 0.17% to 81,444.66.
On June 18, the Nifty 50 index oscillated in a range of 197 points, which is lower than its 10-days average range; this clearly indicates that market participants were in a cautious mood ahead of the U.S. Federal Reserve's policy decision due later today.
The Fed is expected to keep interest rates unchanged, but investors will closely watch the updated economic outlook to gauge future policy direction.
Except for the Auto and Banking sector, all of the remaining 9 key sectors witnessed declines. Meanwhile, broader indices like Smallcaps and Midcaps, ended in the red.
Among individual stocks,
The Nifty Auto index surged by 0.37% on Wednesday. Maruti Suzuki jumped over 1.21%, emerging as the top gainer among the Auto stocks. While the Nifty Media Index declined by 1.27%.
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 0.46% and the Small-cap 100 index fell 0.23%.
As of June 18, 2025, the Indian stock market witnessed negative market breadth. Out of 2,955 stocks traded on the NSE, 1,026 advanced, 1,851 declined, and 78 remained unchanged.
A total of 50 stocks touched their 52-week highs,, while 24 hit their 52-week lows. Additionally, 75 stocks were locked in their upper circuits, whereas 83 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.