Markets Open the Week on a Cautious Note Amid Geopolitical Tensions

2–3 minutes
Daily Market Wrap – June 23, 2025

Indian equities began the week on a subdued footing, with benchmark indices ending in negative territory on Monday, June 23, 2025. Investor sentiment was weighed down by escalating geopolitical tensions following U.S. airstrikes in Iran, which triggered risk aversion across global markets.

The Nifty 50 slipped 140.5 points (0.56%), settling at 24,971.90, while the Sensex fell 511.38 points (0.62%) to close at 81,896.79. The decline was largely led by selling in index heavyweights Infosys, L&T, and HDFC Bank.

🔍 Sectoral & Broader Market Performance

Sectoral trends were mixed, reflecting the market’s indecisiveness amid global uncertainties:

Gainers:

Nifty Media stood out with a stellar gain of 4.39%,

led by Zee Entertainment, which surged 12.46% on strong volumes.

Metal and Pharma indices also posted modest gains.

Losers:

IT, Auto, and FMCG sectors saw profit booking.

Nifty IT declined 1.48%, dragged lower by Oracle Financial Software and other frontline tech names.

In the broader market:

Nifty Midcap index rose 0.36%

Nifty Smallcap advanced 0.7%, indicating selective buying interest in non-index counters

🔝 Key Stock Movers

Top Gainers (Nifty contribution):

Kotak Bank (+5.89 pts)

Hindalco (+5.01 pts)

Coal India (+2.03 pts)

Major Drags:

Infosys (-39.89 pts)

L&T (-26.51 pts)

HDFC Bank (-20.03 pts)

📊 Market Breadth & Internals

Market participation showed weakness, as reflected in the breadth:

Declining stocks: 1,365

Total traded: 2,955

52-week highs: 41

52-week lows: 38

Despite losses in headline indices, the positive close in mid and small-cap segments suggests a degree of underlying resilience, especially in pockets aligned with domestic consumption and capital expenditure themes.

🌐 Global Economic Calendar: Week of June 24–28, 2025

United States

Monday: Manufacturing PMI, Services PMI, Composite PMI Tuesday: Consumer Confidence Index Wednesday: MBA Mortgage Applications, New Home Sales Thursday: Personal Consumption, GDP, Weekly Jobless Claims Friday: Personal Spending, 1-year and 5–10-year Inflation Expectations

Eurozone (Germany, France, UK)

Monday: Manufacturing, Services & Composite PMIs Wednesday–Friday: Consumer Confidence, CPI, PPI, Retail Sales

Japan

Monday: Manufacturing, Services & Composite PMIs Wednesday: Producer Price Index Thursday: Foreign Bonds & Stocks Buying Data Friday: Jobless Rate, CPI, Retail Sales

India

Monday: Manufacturing, Services & Composite PMIs Friday: Industrial Production, Foreign Exchange Reserves

China

Friday: Industrial Profits

Global data this week will be closely monitored for signs of inflation softening, central bank policy outlooks, and macroeconomic momentum, particularly in the U.S. and Eurozone, which remain key determinants of global capital flows.

📽️ For a detailed analysis of technical trends, watch our latest market update video on our YouTube channel.

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