June 30, 2025: After four straight sessions of steady gains, India’s equity markets took a breather today, with benchmark indices ending in the red. The BSE Sensex declined by 452.44 points, or 0.54%, to settle at 83,606.46, while the NSE Nifty 50 slipped 120.75 points, or 0.47%, to close at 25,517.05.
Despite this pullback in the headline indices, the broader markets bucked the trend. Both the BSE Midcap and Smallcap indices closed with healthy gains, rising 0.67% and 0.81% respectively, signaling strong retail and institutional interest in second-tier stocks.
Interestingly, even as the Sensex and Nifty corrected, investor wealth continued to grow. The total market capitalization of BSE-listed companies increased by nearly ₹98,000 crore in a single day. The combined valuation rose from ₹460.09 lakh crore on June 27 (Friday) to ₹461.07 lakh crore on June 30, highlighting the strength in non-index counters.
PSU Banks Lead the Charge
The standout performers of the day were public sector banks. The Nifty PSU Bank Index surged by 2.7%, outperforming all other sectoral indices. This was driven by renewed optimism around credit growth and asset quality improvements in the state-run banking space.
IT and Pharma stocks also delivered mild gains, each sector advancing 0.5%. The defensive nature of these sectors helped them remain resilient even as broader market sentiment turned cautious.
Profit Booking Hits Auto, FMCG, and Realty
On the downside, profit-taking was visible in sectors like real estate, auto, and FMCG. The Nifty Realty Index fell by 0.9%, followed by Nifty Auto, which declined 0.6%. FMCG shares too came under selling pressure amid valuation concerns and input cost uncertainties.
Top Performers on the Sensex
Out of the 30 Sensex constituents, 12 stocks ended in the green. Leading the gainers’ list was Trent, which jumped 3.34%, followed by State Bank of India (SBI), Bharat Electronics, Eternal, and Adani Ports, which gained between 0.70% and 1.86%.
Top Losers on the Sensex
However, the majority of Sensex stocks—18 out of 30—closed in the red. The biggest drag was Axis Bank, which slipped 2.11%, becoming the worst performer on the index. Other notable losers included Kotak Mahindra Bank, Maruti Suzuki, Ultratech Cement, and Bajaj Finance, falling between 1.09% and 2.03%.
Market Breadth Favors Bulls
Despite index-level weakness, the overall market breadth on the Bombay Stock Exchange (BSE) remained positive. Out of 4,290 actively traded stocks, 2,366 closed with gains, while 1,748 declined. The remaining 176 stocks ended flat.
Notably, 162 stocks hit their fresh 52-week highs, showing that investor confidence is intact in specific segments of the market. Meanwhile, 45 stocks touched new 52-week lows, suggesting continued stress in select pockets.
Investor Sentiment Remains Buoyant
Even with today’s market correction, the positive performance in broader indices and sectoral rotation toward PSU banks and smallcaps indicate a healthy market structure. The inflow of retail and domestic institutional investments continues to support the market, cushioning any major declines.
Experts suggest that the market might continue to witness stock-specific actions in the coming weeks, especially with corporate earnings around the corner and macroeconomic cues like inflation and global interest rate trends influencing sentiment.
For investors, today was a reminder that while headline indices may cool off after a sharp rally, opportunities remain aplenty in broader markets—especially in under-owned and undervalued sectors.
While Sensex and Nifty took a step back today, the broader market resilience and the ₹98,000 crore increase in investor wealth tell a different story. With PSU banks leading the charge and mid and smallcaps outperforming, Indian equities continue to attract strong interest from diverse investor classes.
As always, sectoral rotation and stock selection remain key. The market’s ability to digest profit booking while still delivering wealth creation is a positive sign for long-term investors heading into the second half of 2025.
