Market Wrap: Nifty and Sensex Close in Red as Capital Goods Sector Drags
By ScanX News Team
Indian stock markets ended negative on June 17, with Nifty 50 down 0.37% at 24,853.40 and Sensex down 0.26% at 81,583.30. Capital Goods - Electrical Equipment led losses at -3.97%, while Cables sector gained 2.15%. Sterlite Technologies surged 12.30% on expansion news and BSNL order. Market breadth was bearish with 2,671 declines vs 1,657 advances out of 4,328 traded scrips.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a negative note on June 17, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The overall market sentiment remained bearish throughout the trading session.
The Nifty 50 index closed at 24,853.40, down 93.10 points or 0.37% from the previous close of 24,946.50. Similarly, the BSE Sensex ended at 81,583.30, registering a decline of 212.85 points or 0.26% from its previous close of 81,796.15.
Sectoral Performance
Top Losing Sectors
The market witnessed significant pressure in certain sectors, with Capital Goods - Electrical Equipment leading the losers:
| Sector | Avg. Percentage Change |
|---|---|
| Capital Goods - Electrical Equipment | -3.97% |
| Transport Services | -2.48% |
| Education | -2.03% |
| Packaging | -1.78% |
| Aviation | -1.70% |
Top Performing Sectors
On the positive side, some sectors managed to buck the trend:
| Sector | Avg. Percentage Change |
|---|---|
| Cables | 2.15% |
| Engineering Services | 1.47% |
| Telecomm Equipment & Infra Services | 1.06% |
| Aerospace & Defense | 0.50% |
| Commercial Services | 0.49% |
Buzzing Stocks
Two stocks that caught investors' attention today were:
Sterlite Technologies Ltd : The stock surged 12.30% to close at ₹111.60. The company announced expansion of its data centre solutions to meet AI infrastructure demand and launched new cabling and connectivity solutions. Sterlite also secured a ₹2,631 crore order from BSNL for a BharatNet project.
Happiest Minds Technologies Ltd : Shares rose 10.37% to end at ₹663.95 after Anand Rathi initiated coverage with a 'buy' rating and ₹790 price target. The brokerage cited inorganic growth potential and the appointment of a Chief Growth Officer as positive factors.
Market Breadth
The overall market breadth remained negative, indicating a bearish sentiment:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,328 |
| Advances (Positive) | 1,657 |
| Declines (Negative) | 2,671 |
Conclusion
In summary, the Indian stock markets ended the day on a negative note, with the Capital Goods sector facing significant pressure. Despite the overall bearish trend, sectors like Cables and Engineering Services showed resilience. Sterlite Technologies and Happiest Minds Technologies emerged as notable gainers amidst the market decline.
16
