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EQUITY
Post Session: Quick Review
Jun-23-2025

Indian equity benchmarks ended in negative terrain on Monday, with both the Nifty and Sensex closing over half-percent cut, weighed down by broad-based selling across sectors. IT and Auto stocks were among the top losers. Indices made a gap-down opening, tracking weak global cues amid escalation in the middle-east conflict after the U.S. joined Israel in the weeks-long war with Iran, with US carrying out a ‘successful’ airstrike on three nuclear sites in Iran over the weekend. In afternoon session, markets trimmed most their losses, but ended in red.

Some of the important factors in today’s trade:

Net direct tax collection slips 1.39% to Rs 4.59 lakh crore so far in FY26: Traders were concerned as Government data showed that net direct tax collection so far this fiscal year dropped 1.39 per cent to Rs 4.59 lakh crore, on slowdown in advance tax mop-up and higher refunds.

Output of eight key infrastructure sectors slows to 0.7% in May: Traders remained cautious as the Ministry of Commerce & Industry in its latest data showed that the output of eight key infrastructure sectors slowed down to 0.7 per cent, lowest in nine months, in May 2025 against 6.9 per cent in the same month last year. 

India’s flash PMI indicates strong growth in June: Traders overlooked India’s flash PMI indicated strong growth in the month of June, as new export orders continued to fuel private sector business activity, especially in manufacturing.

Global front: European markets were trading in red as investors waited for Iran's response to the weekend US air strikes on its nuclear sites. Asian markets ended mostly in red on Monday, dragged by concerns over the ongoing tension in the Middle East region. 

The BSE Sensex ended at 81896.79, down by 511.38 points or 0.62% after trading in a range of 81476.76 and 82169.67. There were 9 stocks advancing against 21 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.20%, while the Small cap index up by 0.57%. (Provisional)

The top gaining sectoral indices on the BSE were Capital Goods up by 0.94%, Metal up by 0.71%, PSU up by 0.54%, Basic Materials up by 0.46% and Consumer Durables up by 0.38% while, IT down by 1.46%, TECK down by 1.10%, Auto down by 0.88%, FMCG down by 0.62% and Telecom down by 0.50% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Trent up by 3.39%, Bharat Electronics up by 3.17%, Bajaj Finance up by 0.98%, Kotak Mahindra Bank up by 0.59% and Bajaj Finserv up by 0.58%. On the flip side, HCL Technologies down by 2.28%, Infosys down by 2.26%, Larsen & Toubro down by 2.23%, Mahindra & Mahindra down by 1.59% and Hindustan Unilever down by 1.29% were the top losers. (Provisional)

Meanwhile, the CRISIL Ratings in its latest report has said that the ongoing conflict in the Middle East so far did not have any significant impact on global trade of Indian corporates. However, it added if the uncertainties aggravate, some sectors might feel the impact. The uncertainties have impacted global crude markets, with the Brent crude hovering in the range of $73 to $76 per barrel over the past one week. During April and May, the Brent crude was hovering around $65 per barrel.

According to the report, any escalation of the tensions could result in further spike in oil prices, and added that this will benefit upstream oil companies and margins for the downstream refiners will get squeezed. It said India’s direct trade with Israel and Iran, the two countries engaged in the conflict, is minuscule at less than one per cent of total trade. 

It highlighted that India’s major export to Iran is basmati rice, trade with Israel is more diversified. It further said any escalation of the uncertainties in the Middle East has the potential to disrupt energy supply chains.  It noted some of the other sectors which might feel the impact are speciality chemicals, paint, aviation and the tyre sectors.

The CNX Nifty ended at 24971.90, down by 140.50 points or 0.56% after trading in a range of 24824.85 and 25057.00. There were 15 stocks advancing against 35 stocks declining on the index. (Provisional)

The top gainers on Nifty were Trent up by 3.57%, Bharat Electronics up by 3.18%, Hindalco up by 1.97%, Tata Consumer Products up by 0.96% and Bajaj Finance up by 0.88%. On the flip side, Infosys down by 2.35%, HCL Technologies down by 2.30%, Larsen & Toubro down by 2.27%, Hero MotoCorp down by 2.10% and Mahindra & Mahindra down by 1.52% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 110.1 points or 0.47% to 23,240.45, France’s CAC fell 33.38 points or 0.44% to 7,556.28 and UK’s FTSE 100 decreased 2.71 points or 0.03% to 8,771.94.

Asian markets ended mostly down on Monday as investors reacted to escalation in the Middle East crisis after the United States joined Israel in attacking Iran’s nuclear facilities, with markets closely watching for Iran's response. Meanwhile, markets are still pricing a slim chance the Fed will cut at its next meeting on July 30, even after Fed Governor Christopher Waller broke ranks and argued for a July easing. Japanese shares ended slightly lower despite a weaker yen.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,381.58

21.68

0.64

Hang Seng

23,689.13

158.65

0.67

Jakarta Composite

6,787.14

-120.00

-1.77

KLSE Composite

1,516.61

13.87

0.92

Nikkei 225

38,354.09

-49.14

-0.13

Straits Times

3,879.26

-4.17

-0.11

KOSPI Composite

3,014.47

-7.37

-0.24

Taiwan Weighted

21,732.02

-313.72

-1.44
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