Stock Market News: Headline indices declined significantly on June 12. The Sensex tanked 823.16 points or 1 per cent to close at 81,691.98. The Nifty 50 also declined by 1 per cent to slip below the 25,000 mark. The Nifty 50 closed at 24,888.2 levels down by 253.2 points.
Why The Market Is Down Today
Before closing in the red on June 12, the Sensex fell 1.2 per cent to an intraday low of 81523.16 and the Nifty 50 declined 1.25 per cent to an intraday low of 24,825.9. The stock market came under pressure from probable profit booking and a slew of other headwinds. Renewed geopolitical tensions between US and Iran rattled markets across the globe. Reportedly the US is mulling evacuation of personnel from the Middle East. On the other hand the US-China trade deal also did not boost investor sentiment the way it was expected to as investors still anticipate a more comprehensive agreement. Other factors which impacted the market included a sharp uptick in crude oil prices seen on June 11 amid mounting tensions in the Middle East.
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Tata Group Shares Emerge As Top Drags
Shares of Tata Group companies emerged as top drags among Nifty 50 stocks. Shares of Tata Motors, Trent and Titan closed lower by up to 2.98 per cent declining the most among Nifty 50 stocks. On the other hand shares of Apollo Hospital, Asian Paints, Bajaj Finserv and three other stocks bucked the trend to close higher by up to 0.96 per cent.
Broader Markets Mirror Declines
Amid broadbased selloffs the broader market indices mirrored the movement of the benchmarks on June 12. The Nifty MidCap 100 and the Nifty SmallCap 100 ended the session lower by 1.6 per cent and 1.78 per cent respectively. The India VIX closed 2.54 per cent higher amid indicating an increase in volatility amid mounting geopolitical tensions in the middle east. Consumption focused indices such as the Nifty Auto, Nifty Realty and Nifty Consumer Durables declined the most among the sectoral pack closing lower by as much as 2.02 per cent.
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Global Markets on June 12
US markets ended in the red on June 11 as the Dow Jones Industrial Average remained unchanged while the Nasdaq Composite and the S&P 500 closed lower by as much as 0.5 per cent. At the time of writing major Asian indices also traded lower with the Nikkei 225 trading lower by 0.65 per cent and the Hang Seng declining 1.38 per cent lower. On the other hand the Shanghai Composite traded flat 3,402.66 up by 0.01 per cent.
Primary Market Action On June 12
Monolithisch India IPO’s three-day bidding window opened on June 12. On the other hand the bidding window of Jainik Power and Cables Ltd closed today.
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Market Cues
Retail inflation eased to 2.82 per cent in May 2025 from 3.16 per cent in May 2024.The market is expected to factor in the impact of the easing in inflation in the upcoming sessions.
