Daily Market Wrap – June 18, 2025
Indian equity benchmarks declined for the second consecutive session on Wednesday as global caution prevailed ahead of the U.S. Federal Reserve’s policy announcement. Heightened Middle East tensions also weighed on investor sentiment, keeping market participants on the sidelines.
The Nifty 50 fell by 41.35 points, or 0.17%, to close at 24,812.05, while the BSE Sensex dropped 138.64 points, or 0.17%, to settle at 81,444.66. Index heavyweights ICICI Bank and TCS were among the top drags for the day.
🔍 Market Mood: Cautious Consolidation
The benchmark Nifty moved in a tight 197-point range—narrower than its recent 10-day average—signaling trader hesitance ahead of the U.S. Fed’s rate decision expected later tonight. While a rate pause is widely anticipated, markets are focused on the Fed’s forward guidance for clues on the interest rate trajectory in the second half of the year.
📉 Sectoral & Stock Highlights
Most sectors ended in the red, reflecting overall caution, but a few key segments bucked the trend:
🏦 Nifty Bank Index outperformed, led by IndusInd Bank, which rallied 5.1% on optimism following a major clean-up of its loan book. 🚘 Nifty Auto gained 0.37%, supported by Maruti Suzuki, which rose 1.21%. 📺 Nifty Media was the worst performer, down 1.27%, as investors moved away from riskier midcap names.
🚀 Buzzing Stocks
Reliance Infrastructure surged 5% and hit the upper circuit after its subsidiary announced a joint venture with Dassault Aviation to manufacture Falcon 2000 business jets in India. Hindustan Zinc slumped 6.9% after parent company Vedanta sold a 1.6% stake via a block deal.
🔝 Key Index Contributors
Top Gainers (Positive Points Contribution):
M&M (+9.06 pts) IndusInd Bank (+7.52 pts) Bharti Airtel (+7.49 pts)
Top Drags (Negative Points Contribution):
ICICI Bank (–20.59 pts) TCS (–18.49 pts) HUL (–7.81 pts)
📊 Market Breadth & Internals
Market breadth remained negative across segments, indicating underlying weakness in broader participation:
Out of 2,955 NSE stocks: 1,026 advanced 1,851 declined 78 remained unchanged 52-week highs: 50 stocks 52-week lows: 24 stocks Upper circuits: 75 stocks Lower circuits: 83 stocks India VIX: fell 0.83% to 14.28, reflecting a modest dip in market volatility expectations.
Broader indices also reflected the cautious mood:
Nifty Midcap 100 declined by 0.46% Nifty Smallcap 100 fell by 0.23%
Volumes remained moderate, with no aggressive positioning seen ahead of the Fed decision.
🌍 Global Economic Calendar – June 18, 2025
United States: Federal Reserve Interest Rate Decision, Fed Chair Press Conference, Mortgage Applications Eurozone: Construction Output (YoY), Balance of Trade United Kingdom: CPI (YoY), Core CPI, PPI, Retail Price Index Japan: Trade Balance, Exports & Imports Canada: Housing Starts
The outcome of the U.S. Fed’s meeting remains the key event risk for global and Indian markets, and investors are advised to tread cautiously.
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