Nifty Slips Below 25,000 Mark; Sensex Plummets Over 500 Points to Close Below 82,000 Mark, While Broader Markets Ended in Green
On Monday, June 23, Indian benchmark indices ended the first trading session of the week in the red, weighed down by rising tensions in the Middle East and the United State’s three bombing strikes in Iran. The Nifty 50 index was dragged down by Infosys and L&T.
At the closing bell, the Nifty 50 ended down by 140.5 points or 0.56%, at 24,971.90. The Sensex fell by 511.38 points or 0.62% to 81,896.79.
Nifty Media, Metal and Pharma sector, were among the top gainers while Nifty IT, Auto and FMCG witnessed largest declines. Meanwhile, broader indices like Midcaps and Smallcaps, ended in the green with Nifty Midcap rising by 0.36% while Nifty Smallcap surged by 0.7%.
Among individual stocks,
The Nifty Media index surged by 4.39% on Monday. Zee Enterprises Ltd jumped over 12.46%, emerging as the top gainer among the Media stocks. While the Nifty IT Index was the top loser declining by 1.48%, with Oracle Financial Software Services being top loser.
The key drivers of the index gains were:
On the other hand, these stocks weighed down on the index:
The broader market indices ended in green, as the Mid-cap 100 index gained by 0.36% and the Small-cap 100 index jumped 0.7%.
As of June 18, 2025, the Indian stock market witnessed negative market breadth. Out of 2,955 stocks traded on the NSE, 1,153 advanced, 1,365 declined, and 437 remained unchanged.
A total of 41 stocks touched their 52-week highs, while 38 hit their 52-week lows. Additionally, 79 stocks were locked in their upper circuits, whereas 101 stocks were in lower circuits.
After an initial jump in crude oil prices on news that Iran may close the Strait of Hormuz, the prices have been trading off the day's high and have remained flat
Disclaimer: The article is for informational purposes only and not investment advice.