Nifty 50 Market Update – June 23, 2025
Published by LikeTvBangla | Updated: July 7, 2025
📌 Introduction
On June 23, 2025, the Indian equity market opened the week on a weak note as the Nifty 50 index ended in the red, reflecting caution among investors amid global uncertainty, high crude oil prices, and weakness in technology stocks. The Nifty 50 lost 140.50 points or 0.56% to close at 24,971.90, while the BSE Sensex dropped 511.38 points to 81,896.79.
This trading session was marked by volatility, as early gains were erased in the second half of the day, influenced by profit booking in IT and banking stocks and risk-off global sentiment.
.jpg)
📊 Market Highlights
- Nifty 50 Opening: 24,939.75
- Intraday High: 25,057.00
- Intraday Low: 24,824.85
- Closing: 24,971.90
- Sensex Closing: 81,896.79 (Down 511.38 points)
- FII Activity: Turned net sellers during the session
- DII Support: Limited buying support towards the close
📈 Sectoral Performance
The broader market witnessed mixed sentiment, with only a few sectors managing to end in positive territory. Technology, banking, and energy stocks dragged the indices lower.
Top Performing Sectors
- Metals: Some relief was seen in metal stocks amid improved demand cues from China.
- Consumer Durables: Select stocks gained due to seasonal demand and earnings expectations.
- Defensive Sectors: FMCG and pharma held steady as investors shifted toward safety.
Weak Sectors
- IT: Selling pressure continued after weak guidance from global peers like Accenture.
- Banking: Mixed commentary on credit growth and rising NPAs pressured bank stocks.
- Energy: Crude oil volatility added to investor concerns in oil-linked companies.
💼 Top Gainers and Losers – Nifty 50
Top 5 Gainers:
- Trent Ltd: +3.5% – Strong retail growth and earnings optimism
- Bharat Electronics: +3.2% – Defense contract optimism
- Hindalco: +2.0% – Supported by commodity price stability
- Tata Consumer: +1.6% – Stable FMCG demand outlook
- Britannia: +1.5% – Safe-haven buying
Top 5 Losers:
- Infosys: -2.3% – Global IT sector weakness and margin pressure
- HCL Tech: -2.3% – Slowdown in orders and demand outlook
- Axis Bank: -1.8% – Margin concerns post RBI commentary
- Wipro: -1.6% – Negative market sentiment across tech
- ICICI Bank: -1.5% – FII selling pressure
🌍 Global Market Sentiment
Global markets started the week on a cautious note as geopolitical tensions in the Middle East spiked. A U.S.-led airstrike in a key oil-producing zone pushed crude prices above $91 per barrel. Asian markets closed mixed, and European futures signaled a negative opening. These developments triggered risk aversion across emerging markets, including India.
U.S. tech stocks also declined after a large enterprise software firm downgraded its revenue outlook, which led to pressure on Indian IT names that derive a majority of revenue from North America.
📉 Technical Analysis
From a technical standpoint, the Nifty 50 formed a bearish candle on the daily chart after failing to sustain above 25,000. The index took support near 24,800, which remains a critical level for the short term.
- Support Levels: 24,800 and 24,600
- Resistance Levels: 25,220 and 25,500
- RSI (Relative Strength Index): At 48 – indicating weak momentum
- MACD: Negative crossover, confirming short-term selling trend
- Volume: Above average, suggesting institutional exit activity
💰 FII-DII Data
After several days of net buying, Foreign Institutional Investors turned net sellers on June 23, reflecting a defensive stance in light of global uncertainties. Provisional data showed net FII outflow of over ₹3,200 crore. Domestic Institutional Investors remained modest net buyers but failed to hold the index above 25,000.
🔮 Expert Opinions
Market veterans believe the correction is healthy and was expected after the Nifty’s strong rally over the past few weeks. According to senior market analyst Ravi Khandelwal: “We are entering a consolidation phase. Investors should not panic. Instead, this is a good opportunity to accumulate fundamentally strong companies on dips.”
Another analyst suggested: “The IT sector may underperform for the next couple of sessions, but the broader market still has potential due to domestic resilience.”
📆 Outlook for the Week
Investors should closely track the following events that may impact market direction:
- Oil Prices: Crude breaching $95 could spike inflationary fears again
- US Fed Comments: Any hint on interest rate pause or hike can drive flows
- Q1 Results: Early corporate earnings will influence stock-specific movement
- Rupee-Dollar Trend: Currency stability is critical for import-heavy companies
- FII Activity: Whether foreign investors resume buying will be closely watched
💡 Tips for Retail Investors
- Stay Calm: Volatility is a normal part of markets — avoid panic selling
- Use Dips Wisely: Invest in high-quality stocks in a phased manner
- Diversify: Don't overexpose to IT or banking sectors only
- Track Global Trends: Oil, Fed, and geopolitical issues can impact Indian markets
- Follow Fundamentals: Technical noise is temporary; long-term investing wins
✅ Conclusion
The Nifty 50’s drop on June 23, 2025, was not a surprise to seasoned market participants. It highlighted the market's sensitivity to global headlines and sector-specific performance. As long as key support levels hold and earnings remain stable, the broader trend stays intact. For investors, the key is to maintain discipline, stay informed, and avoid impulsive decisions based on fear or rumors.
Disclaimer: The content provided in this article is for educational and informational purposes only. It does not constitute investment advice or a recommendation. Readers are advised to consult a qualified financial advisor before making investment decisions.
