Quote on Market 17 June 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Quote on Market 17 June 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
“Geopolitical chills hit D-Street; Nifty slips below 24,900
India’s markets took a breather on Tuesday as global tensions weighed heavy. The Nifty fell 93 points to close at 24,853, while the Sensex dropped 213 points to 81,583.
After a muted start, selling pressure built through the day—dragging down most sectors except IT.
What dragged the market down?
* Trump’s Tehran evacuation call spooked global investors
* Risk-off mood across Asia
* Rupee weakened 18 paise to 86.24/$
* Gold surged, signalling flight to safety
* Broad weakness in pharma, metals, auto and oil & gas
Adani Enterprises, ONGC, and Dr Reddy’s led the losers. On the flip side, Tech Mahindra, Infosys, and Asian Paints held firm as investors rotated into defensives.
Midcaps and smallcaps mirrored the broader trend—both indices fell 0.5%, with declining stocks outnumbering gainers by nearly 2:1.
The Bottomline:
Markets are on edge as global geopolitics collide with policy signals. Gold may stay hot, IT could remain a safe bet—but sentiment hinges on upcoming Fed commentary and crude moves. Buckle up for volatility.”
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