POST-MARKET SUMMARY 23rd June 2025
On June 23, benchmark indices trimmed early losses but still ended over 0.5% lower, as rising geopolitical tensions in the Middle East weighed on investor sentiment. After a sharp gap-down opening and extended weakness in the first half, a recovery in metal stocks and the small- and mid-cap segments helped limit the downside.
Sectoral performance was mixed, with pressure seen in IT, FMCG, Auto, Financial Services and Telecom, which declined between 0.3% and 1.5%. On the other hand, Consumer Durables, Media, Metal and Capital Goods sectors witnessed gains, rising in the range of 0.3% to 4%, helping cushion the broader market fall.
NIFTY: The index opened 173 points lower at 24,939 and made a high of 25,057 before closing at 24,972. Nifty has formed a small bullish candle with long upper and lower shadows on the daily chart. Its immediate resistance level is now placed at 25,050 while major support is at 24,850.
BANK NIFTY: The index opened 420 points lower at 55,832 and closed at 56,059. Bank Nifty has formed a bullish candle on the daily chart. Its immediate resistance level is now placed around 56,200 while immediate support is around 55,800.
Stocks in Spotlight
▪ Zee Entertainment: Stock rallied over 12% after the entertainment firm outlined its growth strategy for the current financial year in an investor update. The company highlighted its position as the most profitable network in the media space, despite its smaller scale and absence in the sports segment.
▪ Zen Technologies: Stock jumped 5% to hit the upper circuit after the company announced its entry into the unmanned aerial vehicle (UAV) space through a strategic acquisition. It acquired a controlling stake in TISA Aerospace Pvt. Ltd, a defence-tech startup specializing in indigenous UAVs and loitering munitions.
▪ Bharat Electronics: Stock climbed 3% after the company bagged orders worth Rs 585 crore. The new orders cover fire control and sighting systems for missiles, communication gear, jammers, spares and related services.
Global News
▪ Markets in Asia and Europe opened the week in the red, weighed down by rising geopolitical tensions after the U.S. launched coordinated strikes on three Iranian nuclear facilities.
▪ Oil prices spiked to a five-month high on Monday but pared gains later in the day, as Middle East tanker traffic remained uninterrupted despite the weekend airstrikes.
▪ Gold prices edged higher, supported by safe-haven demand amid escalating Iran-Israel tensions, even as a stronger U.S. dollar capped gains. Investors are now closely watching Iran’s potential response.
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