Summary:
Indian markets closed lower on June 30 amid weakness in IT and auto stocks. Ola Electric, Can Fin Homes, and Caplin Point Laboratories were among the top gainers, driven by positive policy developments and company-specific triggers. Meanwhile, RR Kabel, ZF Commercial Vehicle Control Systems India, and Schneider Electric Infrastructure led the losers, largely due to profit booking and market-driven selling.
India’s equities markets surrendered their initial gains on Tuesday, June 30, as the underperformance in the IT space and some auto stocks affected the market performance. The Nifty 50 Index closed down by 0.22% to 23,894.1, whereas the Sensex Index declined by 0.16% to 76,607.97 at 10:13 a.m. IST. The Nifty 500 Index was also trading marginally lower at 22,986.15, recording an average daily turnover of 105.58 crore shares valued at ₹30,894.18 crore. The market volatility remained in focus ahead of the monthly derivative expiry with India VIX
Top Gainers: Ola Electric, Can Fin Homes and Caplin Point
Among the prominent gainers, Ola Electric Mobility advanced 5.03% to close at ₹42.41. The stock started trading at ₹40.58, reached an intraday high of ₹44.95 and an intraday low of ₹40.45. The stock witnessed strong trading activity with 16 crore shares changing hands and turnover of ₹689.11 crore. Ola Electric produces electric two-wheelers and is setting up battery cells. The surge was triggered by the upbeat mood surrounding EV stocks on news that the Delhi government had cleared a new EV policy, under which road tax and registration charges will be waived for electric cars up to ₹30 lakh and subsidy for electric two-wheelers. The policy also includes electric autorickshaw registrations only from January 1, 2027, and no new petrol and CNG two-wheeler registrations from April 1, 2028.
Can Fin Homes rose 4.39 percent to ₹874.05, having opened at ₹845.65. The stock marked its intraday high at ₹893.90 and the low of ₹845.65. There was a total trading volume of 9.02 lakh shares on value of ₹79.36 crore. Can Fin Homes is a housing finance company sponsored by Canara Bank. This came in the wake of the recent decision of the company’s board to raise money through debt securities worth up to ₹5,000 crore, among other factors.
Caplin Point Laboratories was up 4.06% at ₹2,661.70 and hit a new 52-week high of ₹2,675. The stock opened at ₹2,578.70, traded as low as ₹2,567.20 and had a volume of 2.22 lakh shares worth ₹58.93 crore. Caplin Point is a pharmaceutical company operating in Latin America, Francophone Africa and regulated markets like the US and EU. The rise came amid a positive trend, excellent FY26 performance and regulated markets' approval focus.
Top Losers: RR Kabel, ZF Commercial Vehicle Control Systems India and Schneider Electric Infrastructure
Top losing stock was RR Kabel, down by 6.61% to ₹2,337. The stock began trading at ₹2,515, touched a high of ₹2,519 and settled at ₹2,325. RR Kabel is into manufacture of wires, cables and electrical products. There was no negative news found, hence the decline seems to be because of book profits.
Second losing stock was ZF Commercial Vehicle Control Systems India which fell 4.73% to ₹2,559. The stock traded between ₹2,521 and ₹2,685 and began at ₹2,680. The company is into manufacturing of braking and control systems for commercial vehicles. No negative news was found hence the fall seems to be due to market activity.
Third losing stock was Schneider Electric Infrastructure, which was down 4.56% to ₹1,387.30. It is involved in the manufacture of electrical distribution and automation equipment.
