Market Wrap: Nifty and Sensex Close in Red as Steel Shines and MobiKwik Stumbles
By ScanX News Team
Indian stock markets closed slightly negative on Wednesday, with Nifty 50 at 24,812.05 (-0.17%) and Sensex at 81,444.66 (-0.17%). Steel sector led gains (+1.87%), while Printing & Stationery suffered (-2.75%). MobiKwik and Hindustan Zinc faced selling pressure, dropping 9.34% and 6.90% respectively. Aakash Exploration and Sakar Healthcare saw notable gains. Market breadth was negative with 2,670 declines vs 1,667 advances out of 4,337 traded stocks.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a slightly negative note on Wednesday, June 18, 2025, with both the NSE Nifty 50 and BSE Sensex ending in the red. The Nifty 50 closed at 24,812.05, down 41.35 points or 0.17% from the previous close. Similarly, the BSE Sensex finished at 81,444.66, shedding 138.64 points or 0.17%.
Sectoral Performance
Top Performing Sectors
- Steel (+1.87%)
- Castings, Forgings & Fasteners (+0.75%)
- Retail (+0.47%)
- Transport (+0.28%)
- Banks (+0.12%)
Top Losing Sectors
- Printing & Stationery (-2.75%)
- Engineering Services (-2.68%)
- Education (-1.97%)
- Telecomm Equipment & Infra Services (-1.75%)
- Capital Goods - Electrical Equipment (-1.50%)
Buzzing Stocks
MobiKwik Systems Ltd: Shares plummeted 9.34% to ₹244.25 as the six-month lock-in period for shareholders ended, making 3.8 crore shares eligible for trading. The stock is now trading 9% below its IPO price of ₹279.
Hindustan Zinc Ltd: The stock dropped 6.90% to ₹452.80, extending a six-day decline of nearly 15%. The company announced a ₹12,000 crore expansion plan to increase smelting and mining capacity, while reports suggest promoter Vedanta may sell up to ₹7,500 crore worth of Hindustan Zinc shares.
Aakash Exploration Services: Shares surged 12.79% to ₹9.88 after the company received an order valued at ₹193.6 million.
Sakar Healthcare: The stock jumped 10.37% to ₹363 as the company expects to receive Marketing Authorization System (MAS) approval for various oncology products in the European Union over the next few months.
Market Breadth
The overall market breadth was negative, with more stocks declining than advancing:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,337 |
| Advances | 1,667 |
| Declines | 2,670 |
Conclusion
In summary, the Indian stock markets ended marginally lower on June 18, 2025, with the steel sector emerging as the top performer. MobiKwik and Hindustan Zinc faced significant selling pressure, while Aakash Exploration and Sakar Healthcare saw notable gains. The market breadth remained negative, with declines outnumbering advances by a considerable margin.
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