Nifty Closes Above 25,000 Despite Giving Up Most Gains Amid Renewed Middle East Tensions
Indian equity benchmark indices opened higher on Tuesday, June 23, after the President of the United States announced a ceasefire between Iran and Israel, which led to a decline in oil prices. Following the gap-up opening, the indices extended their gains; however, in the second half of the trading session, volatility took center stage amid reports of renewed tensions in the Middle East. As a result, the market closed off the day’s high. But, Iran denied reports of ceasefire violation with Israel.
At the closing bell, the Nifty 50 ended up by 72.45 points or 0.29%, at 25,044.35. Similarly, the Sensex also rose by 158.32 points or 0.19% to 82,055.11.
Nifty PSU Bank, Metal and Financial Services sector, were among the top gainers while Nifty Media was the only loser today. Meanwhile, broader indices outperformed the frontline indices with Nifty Midcap rising by 0.71% and Nifty Smallcap surged by 0.72%.
Among individual stocks,
The Nifty PSU Bank index surged by 1.41% on Tuesday. Union Bank of India Ltd jumped over 2.7%, emerging as the top gainer among the PSU Bank stocks. While the Nifty Media Index was the top loser declining by 1.04%, with Zee Entertainment Ltd being the 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 0.71% and the Small-cap 100 index jumped 0.72%.
As of June 24, 2025, the Indian stock market witnessed negative market breadth. Out of 2,955 stocks traded on the NSE, 1,814 advanced, 691 declined, and 450 remained unchanged.
A total of 44 stocks touched their 52-week highs, while 31 hit their 52-week lows. Additionally, 111 stocks were locked in their upper circuits, whereas 53 stocks were in lower circuits.
Oil prices plunged nearly 5% on Tuesday following news that Israel and Iran had agreed to a ceasefire after almost two weeks of conflict.
Brent crude, the global oil benchmark, dropped to $68 per barrel—falling below the level seen before Israel's missile strikes on Iran’s nuclear facilities on June 13.
The recent surge in prices had been driven by fears that Iran might block the Strait of Hormuz, a critical route for global oil and gas shipments, potentially disrupting supply chains.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only