The Indian stock market closed on a cautious note on Monday, June 30, 2025, with benchmark indices declining after a four-day winning streak. This was primarily due to profit-booking in key sectors, even as broader market segments showed resilience. Global cues, including easing geopolitical tensions and ongoing trade policy discussions, also influenced investor sentiment.
Table of Contents
- Key Market Indices Performance – Nifty & Sensex Today
- Sectoral Performance Overview
- Top Stock Market News – Major Movers and Corporate Announcements
- FII and DII Activity – Institutional Money Flow
- IPO Market Update – Listings, Subscriptions, and Market Buzz
- Top Gainers and Losers – Best and Worst Performing Stocks
- Economic and Global Factors Impacting Markets
- What to Watch Tomorrow – Events, Earnings, and Market Levels
- Final Takeaway – Summary of the Day’s Market Action
Both the BSE Sensex and NSE Nifty experienced a downturn, reflecting a shift in market dynamics.
- The Sensex slipped by 451 points, closing at 83,608. It hit an intraday low of 83,545.89, tumbling over 500 points.
- TheNifty declined by 120.75 points, settling at 25,517.05, after touching an intraday low of 25,490.50.
Both indices recorded an approximate 0.6% decline for the day. Despite this, both the Nifty and Sensex registered gains of over 2.9% for the entire month of June, indicating a generally positive underlying sentiment for the period.
The day saw a divergence in performance across segments. While frontline indices faced selling pressure, broader market indices like the Nifty MidCap and Nifty SmallCap displayed strength, rising by up to 0.6%. This suggests a strategic reallocation of capital from large-cap stocks to mid- and small-cap segments, likely driven by the pursuit of value or higher growth prospects.
Key sector movements:
- Underperformers: Auto, financial stocks, and the Nifty IT index (down 0.34%) were significant drags on the market. The pharma sector also continued its weakness, identified as the second-worst performing sector in H1 2025 due to FII exits and US tariff concerns.
- Outperformers:Public Sector Banks (PSBs) showed renewed optimism, driven by government policy signals aimed at unlocking value through subsidiary investments. The Nifty India Defence Index also gained 0.81%, buoyed by strong performances from heavyweight defence stocks.
The market's performance was shaped by a combination of domestic corporate developments and global factors.
Domestic Market Drivers
Several corporate actions generated buzz and impacted individual stock movements:
- Bharat Heavy Electricals Limited (BHEL): Expected to attract buying interest after securing a substantial ₹7,000 crore EPC order for NTPC's Talcher thermal power project.
- Tata Steel: Announced plans to expand capacity at its Kalinganagar plant with a ₹16,000 crore investment, increasing capacity by 5 MTPA.
- Jyoti CNC Automation: Secured new orders from aerospace and defence customers, aligning with India's defence manufacturing agenda and PLI schemes.
- Prestige Estates: Reported record-high pre-sales during the June quarter, indicating sustained housing demand.
- NLC India: Commissioned its 1,200 MW Talabira thermal power project, solidifying its position in conventional energy.
- D-Link India: Shares rose 5.14% ahead of its Q1FY26 financial results discussion.
- Other Notable News: Torrent Pharmaceuticals considering raising funds via NCDs, Mazagon Dock Shipbuilders' acquisition of a majority stake in Colombo Dockyard for ₹4.5 billion, Curefoods filing IPO papers, and Godrej Properties acquiring land in Panipat.
The strong activity in the defence and infrastructure sectors, largely propelled by government contracts and initiatives like 'Make in India' and PLI schemes, highlights a clear government-led push to boost domestic manufacturing and infrastructure.
Global Influences
Global market sentiment offered a mixed bag:
- Positive Cues: Asian markets largely traded in positive territory. Wall Street saw the S&P 500 and Nasdaq Composite reach fresh record highs due to easing inflation concerns and renewed optimism about potential US trade agreements.
- Commodity Stability: Brent crude traded stably at $67.65 per barrel.
- Stronger Rupee: The Indian rupee strengthened by 6 paise to 85.44 against the US dollar, primarily driven by declining crude oil prices and a softer American currency. This was a direct consequence of a ceasefire agreement between Iran and Israel, which cooled Middle East tensions.
- Lingering Concerns: President Donald Trump's statements hinting at pharmaceutical tariffs of up to 25% continued to weigh on export-sensitive Indian drugmakers. Additionally, new 26% reciprocal tariffs on Indian solar exports sparked debate regarding India's renewable energy ambitions.
Understanding institutional money flow is crucial. While official data for June 30 was unavailable, provisional data for June 27 provides insights.
Institutional Investment Trends (as of June 27, 2025)
- Foreign Institutional Investors (FIIs/FPIs): Net buyers with an inflow of ₹1,397.02 crore.
- Domestic Institutional Investors (DIIs): Net sellers with an outflow of -₹588.93 crore.
Month of June Trends (up to June 27)
- FIIs: Net buyers with cumulative inflows of ₹6,923 crore.
- DIIs: Demonstrated significantly stronger support with net inflows exceeding ₹69,765 crore.
The robust and consistent support from Domestic Institutional Investors throughout June has acted as a substantial cushion against potential market volatility, reducing the market's historical reliance on foreign capital flows.
The Indian primary market remained highly active, indicating strong investor appetite for new opportunities.
IPOs and Listings on June 30, 2025
- Mainboard IPOs:Indogulf Cropsciences (₹200 crore) concluded its subscription.
- SME IPOs: PRO FX Tech, Ace Alpha Tech, Valencia India, and Moving Media Entertainment wrapped up subscriptions.
- New SME IPOs Opened: Six new SME IPOs opened, including Pushpa Jewellers (₹98.65 crore), Silky Overseas (₹30.68 crore), Cedaar Textile (₹60.90 crore), Marc Loire Fashions (₹21 crore), and Vandan Foods (₹30.36 crore).
- Allotments Finalized: Allotment processes for Sambhv Steel Tubes, HDB Financial Services, Supertech EV, Suntech Infra Solutions, and Rama Telecom were expected to be finalized, with tentative listings in early July.
The reported oversubscription of the HDB Financial Services IPO by 17 times further underscores robust investor demand and strong liquidity flowing into new investment opportunities, especially in smaller and mid-sized companies.
Upcoming IPOs in the Next Day/Week
Notable upcoming listings in early July:
- July 1: Kalpataru Projects, Ellenbarrie Industrial Gases, Globe Civil Projects (Mainboard); AJC Jewel Manufacturers, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Abram Food (SME).
- July 2: HDB Financial Services, Sambhv Steel Tubes (Mainboard); Supertech EV, Suntech Infra Solutions, Rama Telecom (SME).
- July 3: Indogulf Cropsciences (Mainboard); PRO FX Tech, Ace Alpha Tech, Valencia India, Moving Media Entertainment (SME).
Individual stock performances showed a mix of company-specific strengths and broader sectoral weaknesses.
Leading Performers (Top Gainers)
- State Bank of India (SBI): Gained 1.79% to ₹819.85, driven by renewed optimism in public sector banks.
- Shriram Finance: Rose 1.04% to ₹707.25, supported by regulatory moves and retail participation in NBFCs.
- Jio Financial Services: Increased 1.22% to ₹327.40, attributed to regulatory clearances for its broking and asset management ventures.
- HDFC Life Insurance: Gained 0.71% to ₹812.70, reflecting strong operational results.
- Bharat Electronics (BEL): Climbed 2.00% to ₹422.80, bolstered by its Sensex inclusion and defence orders.
Underperforming Stocks (Top Losers)
- Tata Consumer Products: Fell 2.34% to ₹1,098.00, part of broader selling pressure in the FMCG sector.
- Dr. Reddy's Laboratories: Declined 1.13% to ₹1,286.30, due to cautious investor sentiment and broader pharma sector weakness amid FII exits and US tariff concerns.
- Kotak Mahindra Bank: Dropped 2.17% to ₹2,160.00, largely due to profit-taking in banking stocks.
- Adani Enterprises: Down 0.81% to ₹2,624.80, triggered by the announcement of a new retail bond issue.
- Hero MotoCorp Limited: Declined 1.96% to ₹4,235.60, due to speculation about index exclusion and EV supply chain concerns.
The broader economic and geopolitical landscape continued to shape the Indian market.
Domestic Economic Landscape
- RBI's Monetary Policy: Remains focused on achieving a 4% CPI inflation target (+/- 2%) while fostering growth.
- Inflation: CPI headline inflation continued its declining trajectory, moderating to a nearly six-year low of 3.2% (year-on-year) in April 2025. Food inflation also declined for the sixth consecutive month.
- GDP Growth: Real GDP growth in Q4 FY24-25 was 7.4%, with FY24-25 estimated at 6.5%. RBI projects FY25-26 growth at 6.5%.
- Economic Anniversaries (July 1, 2025): Marks 8 years of GST implementation (record ₹22.08 lakh crore collections in FY24-25) and 10 years of Digital India (digital economy projected to contribute 13.42% to GDP in FY24-25).
International Economic and Geopolitical Developments
- Global Crude Oil: Brent crude at $67.65 per barrel, reflecting stability. Lower oil prices benefit India's import bill and current account.
- US Federal Reserve (Fed): Chair Jerome Powell hinted at potential interest rate cuts as early as September if tariffs do not lead to significant inflation or if unemployment rates rise. US banks are well-positioned to withstand a severe recession.
- Geopolitical Front:Iran-Israel ceasefire contributed to improved global risk sentiment and a stronger Indian rupee. However, US tariffs on Indian solar exports (26% reciprocal tariff) and potential pharmaceutical tariffs remain headwinds for specific export-oriented sectors. India is exploring alternative trade routes like the Trans-Caspian International Transport Route (TITR) to enhance supply chain resilience.
Investors will closely monitor several factors.
Upcoming Economic Data and Events
- July 1, 2025: 8th anniversary of GST implementation and 10 years of the Digital India journey. These anniversaries underscore ongoing positive structural trends.
Immediate Earnings Announcements
- July 1: Ganga Bath Fittings Ltd.
- July 2: Asian Hotels (West).
- July 10: Tata Consultancy Services (TCS) (interim dividend and audited results) kicks off the IT earnings season.
Investor Expectations
- The latter half of 2025 is anticipated to yield better absolute returns, with the Sensex nearing peak levels and the Nifty potentially reaching 26,500-27,000.
- Careful stock selection remains paramount due to expected wide dispersion in returns.
- Export-oriented sectors (pharma, chemicals) could face headwinds from US tariffs.
- The broader market is gaining traction, and sectors linked to India's domestic growth story are expected to offer significant opportunities.
The Indian stock market on June 30, 2025, presented a nuanced picture of caution balanced with underlying strength. While benchmark indices declined due to profit-booking in large-cap sectors, mid- and small-cap segments displayed resilience, indicating a capital rotation. Public sector banks and defence stocks outperformed, driven by specific policy signals and strong order pipelines.
The IPO market remained highly active, underscoring strong investor interest and ample liquidity for new listings. Macroeconomic factors, including declining inflation and stable GDP growth projections, remained supportive. Easing Middle East tensions led to lower crude oil prices and a stronger rupee. However, US tariffs on Indian exports in sectors like pharmaceuticals and solar continue to present a cautious outlook.
The market's resilience in broader indices and consistent domestic institutional inflows throughout June point to a maturing Indian market that is less susceptible to singular external shocks. This growing self-reliance and focus on India's internal growth story provide foundational stability, making it an attractive destination for long-term capital despite short-term volatility. Investors are encouraged to remain informed and exercise caution, focusing on stock-specific opportunities and sectors aligned with India's domestic growth narrative.