Indian equity markets edged lower on Tuesday as intensifying geopolitical tensions in the Middle East continued to dampen investor confidence. A call from U.S. President Donald Trump urging Iranian citizens to evacuate Tehran added fresh anxieties to an already volatile global landscape, prompting cautious sentiment across global equities.

The BSE Sensex declined by 212.85 points, or 0.3%, to close at 81,583.30, while the Nifty 50 fell by 93.10 points, or 0.4%, to settle at 24,853.40.

Sectoral & Stock Highlights

The day’s decline was led by weakness in the pharmaceutical and banking sectors, as traders booked profits and reacted to global headlines.

Nifty Pharma shed 1.89% following President Trump’s sharp rhetoric, including a warning of potential new tariffs. Sun Pharma, one of the major drags, pulled the Nifty down by over 10 points. Banking majors ICICI Bank and HDFC Bank also exerted downward pressure on the index.

Amid the broader correction, the IT sector stood out as the sole gainer.

Nifty IT rose 0.72%, driven by positive cues from global tech peers and continued demand for defensives. Tech Mahindra emerged as the top performer, closing up by 1.46%, followed by Infosys and Asian Paints.

On the corporate front:

Raminfo Ltd announced that a consortium led by it has won a ₹474 crore rooftop solar power project from the Rajasthan Renewable Energy Corporation. Axiscades Technologies sealed a strategic partnership with Spain-based Indra to co-develop aerospace and defence technologies in India. Tanla Platforms rallied 8% after approving a ₹175 crore share buyback, attracting investor attention.

Market Internals & Breadth

Despite some sectoral resilience, the broader market sentiment remained weak.

Out of 2,961 stocks traded on the NSE: 939 advanced 1,946 declined 76 remained unchanged 57 stocks touched new 52-week highs, while 24 marked new 52-week lows. 91 stocks hit their upper circuits, whereas 70 were locked in their lower circuits.

Volumes remained below average across both Nifty Futures and Bank Nifty Futures, reflecting trader hesitation amid heightened uncertainty.

Global Economic Calendar – Key Events to Watch

June 17, 2025

Eurozone: Consumer Price Index (CPI) Final (YoY) United Kingdom: Unemployment Rate United States: Retail Sales (MoM), Industrial Production (MoM) China: House Price Index

Investors globally are also keeping an eye on the U.S. Federal Reserve’s policy stance, anticipated later this week, for fresh cues on interest rates and liquidity outlook.

With Nifty slipping below the 24,900 mark, the weak sentiment may persist in the short term. However, key levels and technical setups should be monitored closely.

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