India’s equity benchmarks experienced a reversal on Monday, 30 June, as the Sensex and Nifty 50 concluded a four-day winning streak. While the broad market indices declined, mid and small-cap stocks outperformed, buoying the overall market capitalisation.
The Sensex closed at 83,606.46, down 452 points (0.54%), while the Nifty 50 ended at 25,517.05, losing 121 points (0.47%). In contrast, the BSE Midcap and Smallcap indices rose by 0.67% and 0.81%, respectively, propelling the total BSE market capitalisation to ₹461 lakh crore — a ₹1 lakh crore increase from the previous session.
The Nifty 50 extended its monthly gains to 3% in June and has climbed 7.5% year‑to‑date.
10 Key Highlights from Today’s Market:
Profit booking in key heavyweights: Major stocks such as Reliance, ICICI Bank, HDFC Bank, Axis Bank, and Kotak Mahindra weighed on the broader indices. Investors are now turning their focus to India‑US trade talks and Q1 earnings.
Market sentiment upbeat, pause likely: Experts noted that while equity sentiment is boosted by easing Middle East tensions and trade‑deal hopes, profit‑taking is typical after recent rallies.
Technical outlook indicates pause: LKP Securities’ another expert warned of a bearish engulfing pattern, suggesting consolidation around the 25,500–25,800 range, with fresh moves likely only after clear breakouts.
Top gainers:
Trent (+3.04%), BEL (+2.0%), (SBI) (+1.79%) led the Nifty 50 upwards.
Top losers:
Tata Consumer (-2.34%), Kotak Mahindra Bank (-2.17%), and Axis Bank (-2.13%) were the biggest drags.
Sectoral movement:
Nifty Bank fell 0.23%, Private Bank down 0.88%, Financial Services off 0.62%, while PSU Bank surged 2.66%. Pharma and Consumer Durables indices each rose 0.5%.
High-volume stocks: Vodafone Idea topped volumes with 55.43 crore shares traded, followed by RattanIndia Power (43.20 crore) and GTL Infrastructure (18.52 crore).
Biggest stock moves: Seven NSE‑listed stocks, including Innovana Thinklabs and Shemaroo Entertainment, surged over 15%, while Sigachi Industries fell 11.2% and GACM Technologies dropped 10%.
Circuit breakers triggered:
A total of 144 stocks reached upper-circuits, including ITI, AXISCADES Tech, while other 67 hit lower limits, including Rajoo Engineers and Krishival Foods.
Breadth of market: Of 4,290 BSE‑listed stocks, 2,362 advanced, 1,750 declined, and 178 remained unchanged, marking a positive advance‑decline ratio.
Despite the pause in headline gains, India’s market remains buoyant, underpinned by robust mid and small-cap momentum. With global macro signals stabilising and key macro‑fundamentals intact, analysts caution that next‑week’s earnings season and trade developments may shape the next direction.
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