Stock Market Today: Sensex Slips Over 450 Points, Nifty Holds 25,500 As Headline Indices Snap Four-Day Rally

Share Market Today: Sensex, Nifty snapped a four-session rally on June 30. The Nifty 50 closed at 25,517.05, down by 120.75 points or 0.47 per cent. The Sensex finished the session at 83,606.46, down by 452.44 points or 0.54 per cent. Notably, the decline comes amid easing risk sentiment on account of de-escalation in the Middle East and strong recovery in foreign inflows.

Tata Consumer Products and Kotak Mahindra Bank Lead Losers

Shares of Tata Consumer Products Ltd, Kotak Mahindra Bank, and Axis Bank emerged as top drags on June 30 as they finished the session lower by as much as 2.34 per cent on the NSE. Other major losers included Hero MotoCorp and Maruti Suzuki India Ltd, which closed lower by 1.96 per cent and 1.87 per cent, respectively. On the other hand, shares of Trent, Bharat Electronics, and State Bank of India finished the session higher by as much as 3.04 per cent. As many as 31 Nifty 50 stocks declined and 19 stocks advanced on June 30.

SMID Indices Buck The Trend

Both SmallCap and MidCap stocks bucked the trend on June 30 to close in the green, even as the headline indices snapped their winning streak. The Nifty SmallCap 100 and the Nifty MidCap 100 closed the session in the green, up by 0.52 per cent and 0.6 per cent, respectively. The Nifty Realty and the Nifty Auto emerged as top sectoral losers, closing the session lower by as much as 0.74 per cent. On the other hand, the Nifty IT index closed in the green, up by 0.33 per cent.

Global Markets On June 30

Most Asian indices finished the session higher on June 30, with the Nikkei 225 finishing the session 336.6 points or  0.83 per cent higher. Other Asian indices like the KOSPI and the Shanghai Composite finished the session higher by 0.51 per cent and 0.59 per cent, respectively. Amid the gains, the Hang Seng closed lower by 0.88 per cent.

Primary Market Action On June 30

Five SME public issues were opened for bidding on June 30. Notably, the three-day subscription window of Silky Overseas IPO, Pushpa Jewellers IPO, Cedaar Textile IPO, Marc Loire Fashions IPO, and Vandan Foods IPO has opened today.

Market Cues On June 30

Investors are expected to monitor U.S. jobs data, which will be released later this week. This data is likely to impact the US Federal Reserve's interest rate policy.