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Post Session: Quick Review
Jun-17-2025

Indian equity benchmarks erased early gains to end in negative territory on Tuesday amid continued tensions in West Asia. The ongoing Israel-Iran situation continued to influence investors’ sentiments. After a slightly positive start, indices quickly slipped into the red and remained under pressure throughout the session, as market participants adopted a cautious approach ahead of the US Fed interest rate decision later this week. Some concern also came as exchange data showed foreign institutional investors (FIIs) offloaded equities worth Rs 2,539.42 crore on a net basis on Monday. 

Some of the important factors in today’s trade:

India's exports dip 2.17% to $38.73 billion in May: 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.

Unemployment rate rises to 5.6% in May: 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.

Early rains dampen fuel demand growth in June: Provisional industry data showed that early rains in several parts of the country dampened fuel consumption in June, with diesel slipping to negative territory again after two months of growth. 

Global front: European markets were trading in red on Tuesday after U.S. President Donald Trump urged residents of Tehran to 'immediately evacuate', signaling potential escalation of the conflict. Asian markets ended mostly in green on Tuesday, as Bank of Japan decided to maintain its interest rate and to reduce the amount of bond purchases from April next year.

The BSE Sensex ended at 81583.30, down by 212.85 points or 0.26% after trading in a range of 81427.01 and 81890.15. There were 9 stocks advancing against 21 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.56%, while Small cap index down by 0.67%. (Provisional)

The few gaining sectoral indices on the BSE were IT up by 0.64% and TECK up by 0.47%, while Healthcare down by 1.82%, Metal down by 1.29%, Oil & Gas down by 0.92%, Basic Materials down by 0.86% and Energy down by 0.73% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Tech Mahindra up by 1.61%, Asian Paints up by 0.86%, Infosys up by 0.75%, Maruti Suzuki up by 0.60% and TCS up by 0.46%. On the flip side, Tata Motors down by 2.04%, Sun Pharma down by 1.93%, Eternal down by 1.92%, Bajaj Finance down by 1.50% and Bajaj Finserv down by 1.28% were the top losers. (Provisional)

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 ended at 24853.40, down by 93.10 points or 0.37% after trading in a range of 24813.70 and 24982.05. There were 12 stocks advancing against 38 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tech Mahindra up by 1.66%, Asian Paints up by 0.89%, Infosys up by 0.87%, TCS up by 0.54% and Maruti Suzuki up by 0.52%. On the flip side, Adani Enterprises down by 2.28%, Dr. Reddy's Lab down by 2.08%, Sun Pharma down by 2.08%, Tata Motors down by 2.05% and Eternal down by 1.94% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 305.61 points or 1.29% to 23,393.51, France’s CAC fell 72.6 points or 0.94% to 7,669.64 and UK’s FTSE 100 decreased 41.86 points or 0.47% to 8,833.36.

Asian markets settled mostly higher on Tuesday tracking Wall Street's gains overnight as investors grew hopeful that the escalating Israel-Iran conflict would remain contained, easing concerns over broader geopolitical fallout. Japanese shares gained after the Bank of Japan left interest rates unchanged, while the central bank also said it would slow the pace of government bond purchases starting next April.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,387.40

-1.33

-0.04

Hang Seng

23,980.30

-80.69

-0.34

Jakarta Composite

7,155.85

38.26

0.53

KLSE Composite

1,511.64

-8.35

-0.55

Nikkei 225

38,536.74

225.41

0.58

Straits Times

3,930.64

22.18

0.56

KOSPI Composite

2,950.30

3.64

0.12

Taiwan Weighted

22,211.59

161.69

0.73
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