Nifty Slips Below 24,800; Falls for Third Straight Day; Small-Cap Index Down Nearly 2% Amid Escalating Middle East Tensions
On Thursday, June 19, Indian benchmark indices ended Thursday's session in the red for the 3rd consecutive day, hurt by deepening Middle East tensions and hawkish U.S. monetary policy cues
At the closing bell, the Nifty 50 ended down by 18.80 points or 0.08%, at 24,793.25. The Sensex fell by 82.79 points or 0.10% to 81,361.87.
On June 19, the Nifty 50 index oscillated in a range of 130 points, which is lower than its 10-day average range; this clearly indicates that market participants were in a cautious mood amid the escalating situation in the Middle East.
Gold and the dollar gained as safe-haven demand rose after U.S. President Donald Trump said America "may or may not" join Israel's strikes on Iran, escalating fears of U.S. entry into the Israel-Iran air war.
Except for the Auto sector, all the remaining 10 key sectors ended in the red. Meanwhile, broader indices like the Smallcap and Midcap indices also plunged.
Among individual stocks,
The Nifty Auto index surged by 0.52% on Thursday. Eicher Motors jumped over 1.8%, emerging as the top gainer among the Auto stocks. Mahindra & Mahindra (M&M) continued its upward momentum following the green light from antitrust authorities for its planned acquisition of SML Isuzu.
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 1.63% and the Small-cap 100 index fell 1.99%.
As of June 19, 2025, the Indian stock market witnessed negative market breadth. Out of 2,954 stocks traded on the NSE, 516 advanced, 2,363 declined, and 75 remained unchanged.
A total of 35 stocks touched their 52-week highs, while 43 hit their 52-week lows. Additionally, 46 stocks were locked in their upper circuits, whereas 107 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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