On Monday, June 30, 2025, the Indian stock market experienced a slight correction after a four-day winning streak. Profit booking was evident on the first trading day of the week, with the Sensex and Nifty closing in the red. However, broader market participation, particularly in mid-cap and small-cap stocks, remained b. On the sectoral front, stocks in the Pharma and IT sectors saw modest gains, while Realty, Auto, and Metal sectors faced pressure.
Today's Market Performance
The BSE Sensex closed at 83,606, down 452 points. The market fluctuated throughout the day, but selling pressure increased in the final hours. The National Stock Exchange's Nifty fell by 121 points to close at 25,517. The Nifty Bank index also faced pressure today, declining by 131 points to end at 57,312.
Mid-cap and small-cap stocks witnessed robust buying activity today. The Nifty Midcap index closed at 59,741, up 356 points. This marked the seventh consecutive session that the Midcap index closed in positive territory. The Smallcap index also displayed strength throughout the day.
Sectoral Performance: Mixed Trends
Looking at the sectoral indices, the Pharma and IT indices closed in the green. Pharma company stocks maintained their upward momentum during trading. On the other hand, Realty, Metal, Auto, and FMCG sector stocks faced pressure. The Oil and Gas index also showed weakness.
Public sector banks experienced buying interest today. The Nifty PSU Bank index gained over 2 percent and closed higher for the fifth straight session. Banking reform-related news and expectations of b results were cited as contributing factors.
Focus on the RBI Meeting
The market is now focused on the upcoming Reserve Bank of India's policy meeting and the quarterly results of companies. The Q1 results of several companies are expected at the beginning of July, which could impact sectoral rotation and investor sentiment.
Stocks with Significant Movement
Several stocks witnessed significant movement today. JB Chemicals declined by 7 percent. This was attributed to reports of a potential acquisition, creating uncertainty among investors.
Torrent Pharma shares gained 2 percent. Recent developments in the pharma sector and positive brokerage ratings supported the stock.
Sigachi Industries' share was in the spotlight today. News of an explosion at its Telangana unit caused the stock to fall by approximately 11 percent. Reports of casualties among workers in the accident increased investor concerns.
Trent shares saw a b recovery in the final hours of trading today. The stock was a top gainer in the Nifty, driven by a positive brokerage report. After a day of volatility, Trent closed bly.
IndusInd Bank shares also rose by 2 percent. The bank has sent recommendations to the RBI for the selection of its new CEO. This news boosted investor interest in the stock.
Hero MotoCorp shares fell by about 2 percent. Pressure was seen on two-wheeler stocks due to new draft regulations regarding ABS systems. In addition, the market appeared cautious ahead of the June auto sales report.
Raymond shares surged by 14 percent today. This rally was observed amid preparations for the listing of the company's realty unit. Additionally, the company's board approved the resignation of the MD and CEO, leading investors to anticipate strategic changes in the future.
Karnataka Bank shares also attracted attention today. The stock rose by 6 percent due to expectations surrounding management changes and a focus on retail.
