Indian equity benchmarks extended their losing streak for the third consecutive session on Wednesday, as investor caution intensified amid rising geopolitical tensions in the Middle East and measured signals from the U.S. Federal Reserve. Safe-haven assets like gold and the U.S. dollar gained on global markets, while domestic equities remained on the defensive.

The Nifty 50 declined by 18.80 points or 0.08%, ending the day at 24,793.25, while the BSE Sensex fell 82.79 points or 0.10%, closing at 81,361.87.

📉 Broader Market Weakness Intensifies

The Nifty Smallcap 100 slumped 1.99%, and the Nifty Midcap 100 dropped 1.63%, highlighting widespread selling pressure beyond the large-cap universe. Market participants preferred to stay on the sidelines ahead of more clarity on global policy direction and geopolitical developments.

The Nifty traded within a narrow 129-point intraday range, noticeably lower than its 10-day average, reflecting trader indecision. The index also remained below its 20-day exponential moving average (DEMA), closing with a doji candlestick, a typical signal of market indecisiveness.

🔍 Sectoral Overview

Only one sector managed to stay afloat:

🚗 Nifty Auto gained 0.52%, buoyed by strength in select auto majors.

All other sectoral indices closed in the red, with particular weakness in small and midcap segments.

🚀 Notable Stock Highlights

🔼 Eicher Motors climbed 1.8%, emerging as a top gainer within the auto pack.

🔼 M&M advanced further after receiving approval for its SML Isuzu deal, contributing +14.35 points to Nifty’s performance.

📈 Biocon jumped 6.6% following a successful Qualified Institutional Placement (QIP), aimed at debt reduction and enhanced focus on its biosimilars segment.

☕ Tata Consumer rose 2.2%, boosted by news of strategic acquisitions backed by a healthy cash reserve.

📊 Eternal (Zomato) and Swiggy gained on brokerage upgrades, backed by strong growth in Blinkit and Instamart.

📌 Top Contributors to Nifty Movement

Gainers (Positive Contribution):

M&M (+14.35 points)

Bharti Airtel (+7.49 points)

L&T (+6.61 points)

Drags (Negative Contribution):

Infosys (–14.82 points) TCS (–7.92 points) SBI (–7.28 points)

📊 Market Breadth & Internals

Market breadth remained firmly negative, reflecting widespread caution:

Out of 2,954 NSE-listed stocks:

2,363 declined

516 advanced

75 remained unchanged

52-week highs: 35 stocks

52-week lows: 43 stocks

Upper circuits: 46 stocks

Lower circuits: 107 stocks

This broad-based weakness highlights elevated market anxiety and underperformance in non-index names.

🌍 Global Economic Calendar – June 19, 2025

United States:

Fed Chair Powell’s testimony continues Initial Jobless Claims Current Account Balance

Eurozone:

Consumer Confidence Flash Estimate

United Kingdom:

Retail Sales (YoY) Bank of England Monetary Policy Decision

Japan:

BoJ Summary of Opinions

Australia:

Employment Change Unemployment Rate

Geopolitical tensions and global central bank commentary remain key drivers for global equities. Indian markets will likely take further cues from international developments in the coming sessions.

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