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Indian markets closed in the red on June 23, pressured by rising geopolitical tensions and crude prices. While frontline indices declined, selective buying in metal and capital goods supported broader markets. The Nifty ended below the key 25,000 level.
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Indian equity benchmarks ended in the red on June 23, as rising geopolitical tensions weighed on investor sentiment. The Nifty slipped below the psychological 25,000 mark, marking a cautious start to the week.
Over the weekend, a surprise U.S. airstrike on Iran’s nuclear facilities sent shockwaves across global markets. The development pushed crude oil prices higher and triggered a phase of consolidation in domestic equities, prompting profit booking in several sectors.
After opening weak, the market managed to recover part of the losses by the afternoon session, aided by selective buying in capital goods and metal stocks.
At close, the benchmark indices reflected the day’s volatility:
The Sensex declined 511 points, or 0.62%, to settle at 81,896.79
The Nifty 50 fell 140.5 points, or 0.56%, ending at 24,971.90
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Profit booking was witnessed across key sectors including:
Information Technology
FMCG
Automobiles
Banking
Telecom
These sectors saw declines ranging between 0.3% and 1.5%.
Conversely, some segments witnessed rotational buying:
Consumer Durables, Media, Metal, and Capital Goods advanced between 0.3% and 4%
The BSE Midcap Index edged up by 0.2%
The BSE Small Cap Index outperformed, gaining 0.6%, signaling continued investor interest in broader market plays
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Trent was among the top gainers, rising 3.57%
On the losing end, Infosys fell 2.35%, registering the steepest decline among frontline stocks
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That’s all for today’s market roundup. Thank you for reading Markets Daily by Bajaj Broking. Stay informed. Stay ahead.
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