Perspective on Markets 23th June 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Perspective on Markets 23th June 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
“Indian equities kicked off the week on a weak note, with benchmark indices reeling under pressure from heightened geopolitical tensions in the Middle East. The Nifty ended below the psychological 25,000 mark, while the Sensex shed over 500 points, dragged by losses in heavyweights like HCL Tech and L&T.
At close, the Sensex declined 511 points to 81,896.79, and the Nifty fell 140 points to settle at 24,971.90. Weak global cues and a risk-off sentiment weighed on investor confidence, with the rupee also weakening to 86.75 against the US dollar.
Key Highlights:
* Top gainers:Trent, BEL, Hindalco, Adani Ent, Bajaj Finance
* Top losers: Infosys, L&T, Hero MotoCorp, M&M, HCL Tech
* Sectoral performance:
* IT, FMCG, Auto, Bank, Telecom fell 0.3–1.5%
* Media, Metals, Capital Goods gained up to 4%
* Midcap index: +0.2%
* Smallcap index: +0.6%
Outlook for the Week:
Volatility is expected to persist as geopolitical developments continue to steer market sentiment. Investors will also eye key macro data and global cues for directional clarity. Nifty’s hold above 24,800 will be crucial for a short-term rebound.”
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