HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Sensex, Nifty slip below neutral lines after slightly positive start
Jun-17-2025

Indian equity benchmarks made flat-to-positive start on Tuesday following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic that the conflict between Israel and Iran will remain relatively contained. Soon, Sensex and Nifty slipped below neutral lines and are trading in red in early deals due to selling in Healthcare, Auto and Consumer Durables stocks. Some cautiousness came as the government data showed that India's exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in petroleum goods' shipments, while trade deficit narrowed to $21.88 billion during the month. Also, traders were cautious as the government data showed that the rate of unemployment in the country, measured in monthly term, rose to 5.6 per cent in May from 5.1 per cent in April this year mainly due to seasonal variation. In stock specific development, Zee Entertainment Enterprises (ZEEL) rose following the board's approval of a Rs 2,237.44 crore capital infusion from promoter group entities via a preferential issue of convertible warrants.

The BSE Sensex is currently trading at 81577.46, down by 218.69 points or 0.27% after trading in a range of 81536.66 and 81890.15. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.38%, while Small cap index was up by 0.47%.

The top gaining sectoral indices on the BSE were Realty up by 1.23%, Telecom up by 0.58%, Industrials up by 0.46%, PSU up by 0.40% and Power up by 0.37%, while Healthcare down by 0.38%, Auto down by 0.29%, Consumer Durables down by 0.12%, Metal down by 0.12% and Oil & Gas down by 0.08% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 1.31%, Adani Ports & SEZ up by 0.66%, NTPC up by 0.52%, Kotak Mahindra Bank up by 0.43% and SBI up by 0.38%. On the flip side, Sun Pharma down by 1.59%, Tata Motors down by 1.23%, Eternal down by 0.91%, Trent down by 0.84% and Titan Company down by 0.83% were the top losers.

Meanwhile, expressing an optimism over India-US trade pact, Commerce Secretary Sunil Barthwal has said that negotiations for the proposed India-US trade agreement are in good progress and the two sides are expected to agree on an early tranche of the pact before July 9. He said that Indian and the US teams are making visits to each other's country for trade talks. He added ‘We also visited the US twice. The US team also came here twice. There is good progress and we are hopeful that this will be done within the timelines’.

The US on April 2 imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days till July 9. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff. The US team visited India from June 5 11 for the talks. The negotiations will continue both virtually and physically in the days to come.

India is seeking duty concessions for labour-intensive sectors such as textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, grapes, and bananas in the proposed trade pact. The US, in turn, wants duty concessions on certain industrial goods, automobiles especially electric vehicles, wines, petrochemical products, dairy, and agricultural items like apples, tree nuts, and genetically modified crops.

The CNX Nifty is currently trading at 24858.00, down by 88.50 points or 0.35% after trading in a range of 24857.95 and 24982.05. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 1.32%, Bharat Electronics up by 0.61%, Adani Ports & SEZ up by 0.61%, SBI up by 0.44% and NTPC up by 0.43%. On the flip side, Sun Pharma down by 1.82%, ONGC down by 1.35%, Tata Motors down by 1.19%, Indusind Bank down by 1.13% and Bajaj Finance down by 0.91% were the top losers.

Asian markets are trading mixed; Nikkei 225 surged 216.5 points or 0.56% to 38,527.83, Taiwan Weighted rose 119.69 points or 0.54% to 22,169.59, Jakarta Composite gained 48.62 points or 0.68% to 7,166.21 and Straits Times was up by 11.13 points or 0.28% to 3,919.59. On the other hand, Hang Seng declined 32.16 points or 0.13% to 24,028.83, Shanghai Composite weakened 6.59 points or 0.19% to 3,382.14 and KOSPI was up by 3.21 points or 0.11% to 2,943.45.
  RELATED NEWS >>
Most Viewed >>
June 04 , 2025
Benchmarks extend losses for third session in
June 06 , 2025
Only 8 sectoral indices pass Sebi’s F&O test
June 07 , 2025
India Inc growth forecast cut despite robust Q
June 07 , 2025
Banking stocks drive markets
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.