Markets at Noon: Sensex, Nifty Dip as Retail and Telecom Sectors Drag
By ScanX News Team
Indian markets trade negative at midday with Nifty at 24,939.75 (-0.69%) and Sensex at 81,775.32 (-0.77%). Retail and Telecom sectors lead losses, while Aerospace & Defense and Metal-related sectors outperform. Patil Automation surges 35.63% on its NSE SME debut, Ideaforge Tech gains 10% on new order, and Zee Entertainment rises 9.21% on positive outlook.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are trading in negative territory at midday on June 23, 2025, with both benchmark indices showing declines. The Nifty 50 is currently at 24,939.75, down 172.65 points or 0.69% from its previous close. Similarly, the BSE Sensex stands at 81,775.32, registering a drop of 632.85 points or 0.77%.
Sectoral Performance
Top Losing Sectors
| Sector | Loss |
|---|---|
| Retail | -1.62% |
| Telecomm Equipment & Infra Services | -1.44% |
| Engineering Services | -1.31% |
| Aviation | -1.16% |
| Trading | -1.14% |
Top Performing Sectors
| Sector | Gain |
|---|---|
| Aerospace & Defense | 2.83% |
| Castings, Forgings & Fasteners | 2.25% |
| Steel | 1.00% |
| Oil & Gas | 0.94% |
| Packaging | 0.74% |
Buzzing Stocks
Patil Automation: Set to list on the NSE SME platform after its IPO was oversubscribed 101.42 times. The grey market premium indicates a potential 26% listing gain. The stock is currently trading at ₹162.75, up 35.63%.
Ideaforge Tech: Received a new order valued at ₹137 crore, expected to boost annual revenue by approximately 80%. The stock is trading at ₹631.05, up 10.00%.
Zee Entertainment: Aims for Z5 (Zee5) to break even in FY26, targeting 17.5% TV viewership share and 8-10% ad revenue growth. The stock is currently at ₹145.34, up 9.21%.
Market Breadth
The overall market sentiment appears mixed, with significant sectoral divergences. While retail and telecom sectors are facing pressure, aerospace & defense and metal-related sectors are showing strength.
Conclusion
As the trading session progresses, the markets are showing a downward trend with select sectors and stocks bucking the trend. Investors are closely watching the performance of newly listed companies and those with recent positive developments.
15
