The Indian stock market closed lower on June 30, 2025, snapping a four-day winning streak as investors booked profits in banking and financial stocks. While the Sensex and Nifty retreated from record highs, PSU banks and broader markets showed resilience, limiting the downside.
Market PerformanceBSE Sensex: Declined 452.44 points (-0.54%) to close at 83,606.46
Intraday High: 84,058.90 | Low: 83,814.79
NSE Nifty 50: Dropped 120.75 points (-0.47%) to settle at 25,517.05
Intraday High: 25,661.65 | Low: 25,572.80
Market Breadth (BSE):
Advances: 1,829 | Declines: 715 | Unchanged: 192
Upper Circuit: ~190 | Lower Circuit: ~140
India VIX: Rose 2% to ~13.7, reflecting marginally elevated uncertainty amid month-end profit booking
Key Market DriversProfit Booking:After a 2.7% surge in both indices over four sessions, investors took gains off the table. Heavyweights like ICICI Bank (-1.18%), Axis Bank (-2.13%), and HDFC Bank (-0.74%) weighed on the benchmarks.
Geopolitical Stability:The US-brokered Israel-Iran ceasefire remained intact, helping keep Brent crude oil prices stable at ~$84/barrel, which supported sentiment.
Global Market Cues:
Mixed trends: S&P 500 futures flat, Nikkei 225 up 0.2%
Optimism over US-China trade talks was partially offset by domestic profit-taking
FII and DII Activity:
FIIs: Continued to be net buyers (~₹2,500 crore)
DIIs: Supported the market, but cautious positioning kept indices under pressure
Rupee Movement:
The rupee weakened slightly to ₹85.77/USD, pressured by month-end dollar demand despite steady FII inflows
Macroeconomic Indicators:
GST collections stood at a healthy ₹2.01 lakh crore in May (+16.4% YoY)
Above-normal monsoon coverage sustained the positive macro outlook
Sectoral TrendsTop Gainers:
Nifty PSU Bank: +2.6%
Stocks like SBI (+1.79%) and IndusInd Bank (+1.78%) led the rally
Laggards:
Private Banks, Financial Services, and Metals were under pressure
Nifty Bank and Financial Services indices fell ~0.5%
Broader Markets:
Nifty Midcap 100: +0.5% | Nifty Smallcap 100: +0.3%
Mid and small-cap stocks remained firm, driven by selective stock-specific buying
Corporate DevelopmentsHDB Financial Services:
Closed its ₹12,500 crore IPO with 0.39x subscription, raising ₹3,369 crore from anchor investors. Listing expected on July 2
Ellenbarrie Industrial Gases:
IPO subscribed 0.32x on day two, with final subscription closing soon
Mazagon Dock Shipbuilders:
Announced acquisition of 51% in Colombo Dockyard PLC for ₹452 crore, boosting defence sector sentiment
Warren Tea:
Board to consider merger with Maple Hotels on June 30
ACME Solar:
Signed a 25-year PPA with SECI for a 300 MW project in Rajasthan
Market OutlookTechnical Levels:
Nifty Support: 25,400 – 25,200 | Resistance: 25,600 – 25,800
Sensex Support: 83,000 – 82,500 | Resistance: 84,000 – 84,500
A close above 25,800 could reignite momentum toward 26,000
Volatility Expectations:
Slight uptick in VIX signals potential intraday volatility, driven by month-end rebalancing and derivatives expiry
Key Triggers Ahead:
US Core PCE inflation, Q1 FY26 earnings, and US-China trade negotiations will be closely watched
Oil price stability and monsoon updates remain vital for short-term market direction
ConclusionOn June 30, 2025, Indian equities cooled off after a four-day rally, with the Sensex closing at 83,606.46 and Nifty at 25,517.05, down 0.54% and 0.47% respectively. While private banks and financials dragged, PSU banks and midcaps showed strength, underscoring selective investor confidence. Strong domestic macros and stable global cues provided a floor to the market, but traders should remain watchful of upcoming global economic data and monsoon trends.
Disclaimer: Investing in equities is subject to market risks. Please consult a SEBI-registered financial advisor before investing.