NewsMarketsMarkets at Noon: Nifty and Sensex Dip as Education and Capital Goods Sectors StruggleMarkets at Noon: Nifty and Sensex Dip as Education and Capital Goods Sectors Struggle
By ScanX News Team
Indian markets show a slight downward trend at midday, with Nifty 50 down 0.32% and Sensex down 0.29%. Education and Capital Goods sectors lead losses, while Cables and Engineering Services show gains. Sterlite Technologies emerges as a standout performer, surging 35% over two days on positive developments in data centre solutions and telecom infrastructure projects.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on June 17, 2025, Indian markets are showing a slight downward trend. The Nifty 50 is currently trading at 24,866.75, down 79.75 points or 0.32% from its previous close. Similarly, the BSE Sensex stands at 81,562.73, reflecting a decline of 233.42 points or 0.29%.
Sectoral Performance
Top Losing Sectors
| Sector | Change (%) |
|---|---|
| Education | -1.69 |
| Capital Goods - Electrical Equipment | -1.66 |
| Transport Services | -1.57 |
| Oil & Gas | -0.71 |
| Aviation | -0.59 |
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Cables | 2.21 |
| Engineering Services | 1.52 |
| Telecomm Equipment & Infra Services | 1.46 |
| Telecom | 1.14 |
| Aerospace & Defense | 0.98 |
Buzzing Stocks
Sterlite Technologies has emerged as a standout performer, with its stock surging 35% over the past two days. The company's shares are currently trading at ₹113.63, up 14.34% for the day. This remarkable rally comes on the heels of several positive developments:
- Expansion of data centre solutions to meet AI infrastructure demand
- Launch of new cabling and connectivity solutions for various sectors
- Partnership with Tech Data – India for distribution
- Secured a ₹2,631 crore order from BSNL for a BharatNet project
The company is positioning itself to capitalize on the growing global data centre market, which is expected to reach $517 billion by 2030.
Conclusion
As the trading day progresses, the Indian markets are showing a mixed picture. While the broader indices are experiencing a slight dip, specific sectors like Cables and Engineering Services are showing strength. Sterlite Technologies stands out as a significant gainer, driven by its strategic moves in the data centre and telecom infrastructure space.
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