Nifty and Sensex Close in Green: Capital Goods Surge, KPIT Tech Tumbles
By ScanX News Team
Indian equities ended positively on June 24, with Nifty 50 up 0.29% at 25,044.35 and Sensex gaining 0.19% to 82,055.11. Capital Goods - Electrical Equipment sector led gains (+6.80%), while Aerospace & Defense declined (-2.18%). KPIT Technologies fell over 6% on business uncertainties, while Bajaj Consumer Care surged 20% on new MD appointment. Market breadth was positive with 2,852 advancing stocks out of 4,352 traded.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Positive Close for Indian Equities on June 24
The Indian stock markets concluded on a positive note on Tuesday, June 24, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, registering gains. The market sentiment remained largely optimistic, supported by strong performances in select sectors.
Market Overview
The Nifty 50 index closed at 25,044.35, up 72.45 points or 0.29% from the previous close. Similarly, the BSE Sensex ended the day at 82,055.11, gaining 158.32 points or 0.19%. The market showed resilience despite some sectoral headwinds, indicating a balanced trading session.
Sectoral Performance
Top Performing Sectors:
- Capital Goods - Electrical Equipment (+6.80%)
- Printing & Stationery (+4.24%)
- Cables (+2.92%)
- Castings, Forgings & Fasteners (+2.49%)
- Engineering Services (+2.23%)
Underperforming Sectors:
- Aerospace & Defense (-2.18%)
- Oil & Gas (-0.14%)
- Healthcare Services (-0.12%)
The Capital Goods - Electrical Equipment sector emerged as the top gainer, while Aerospace & Defense faced the most significant decline.
Buzzing Stocks
KPIT Technologies
KPIT Technologies witnessed a sharp decline, with its stock falling over 6%. The company released a mid-quarter update highlighting business uncertainties, slower conversions, and challenges in ramp-ups. Despite a strong pipeline, the firm doesn't expect one-time gains in Q1 FY26 and anticipates forex-related deficits.
Bajaj Consumer Care
Bajaj Consumer Care shares surged by nearly 20%, breaking an eight-day losing streak. The rally followed the appointment of Naveen Pandey as the new Managing Director. The company recently reported a 13% YoY decrease in Q1 net profit to ₹31 crore, while revenue rose 4% to ₹250.5 crore.
Enviro Infra Engineers
Enviro Infra Engineers saw an uptick of 11.76% after its subsidiary acquired a 49% stake in Soltrix Energy Solution. The company also secured new EPC contracts worth ₹306.30 crore for sewage treatment infrastructure in Chhattisgarh municipalities.
Market Breadth
The overall market breadth remained positive, with advancing stocks outnumbering declining ones:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,352 |
| Positive | 2,852 |
| Negative | 1,500 |
Conclusion
The Indian equity markets closed on a positive note, with the Nifty 50 and Sensex both registering gains. While the Capital Goods sector led the rally, some sectors like Aerospace & Defense faced headwinds. Notable stock movements included KPIT Technologies' decline and Bajaj Consumer Care's significant rally. The positive market breadth suggests a generally optimistic sentiment among investors.
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