Sensex and Nifty 50 slipped over one percent each from the day's high, as tensions in the Middle East bubbled up again.
Gold rate today: The precious metal's August contracts on the MCX opened at Rs 98,807 per 10 grams on June 24.
The broader markets saw healthy gains, with the Nifty Midcap 100 rising 0.87 percent and the Nifty Smallcap 100 advancing 1.10 percent.
The volatility index slipped 5 percent and continued to hover below the 15 mark, suggesting contained market fear and a supportive setup for bulls.
In the previous session, rising oil prices and global risk-off sentiment dragged markets down.
Sensex Today | Stock Market LIVE Updates: Among sectoral gainers, the Nifty PSU Bank index rose 1.5 percent, followed by Nifty Metal, which gained 1 percent. Other gainers included Nifty Bank, Auto, Private Bank, and Consumer Durables—each up 0.7 percent. On the losing side, Nifty Media declined 1 percent.
On the sectoral front, IT, FMCG, Auto, Bank, telecom down 0.3-1.5 percent, while Consumer Durables, media, metal, capital goods up 0.3-4 percent.
While Nifty 50 and Sensex faced selling pressure, the mid-cap and small-cap segments shone bright, indicating investor participation in the broader end of the market
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 99,100 per 10 grams on June 23.
India VIX stood at 3 percent higher at 14.10 after rising as much as 5 percent in morning trade, signalling a mild increase in market volatility.
While stocks and sectors across the board have come under selling pressure, certain sectors – oil marketing companies, aviation, paints, tyres, automobiles, chemicals, and fertilizers among others – are likely to see a higher impact due to a higher correlation with oil prices.
Hero MotoCorp share price: The regulation could raise prices by about Rs 3,000 per unit, or 3–5 percent, with the company likely to be hit the hardest due to its dominance in the entry-level segment.
The broader market also weakened, as the Nifty Midcap 100 dropped 0.57 percent and the Smallcap 100 fell 0.67 percent.
In the previous session, the frontline indices ended a three-day losing streak, rising over one percent amid broad-based buying across sectors.
Trent, Bharat Electronics, Hindalco Industries, Adani Enterprises, Adani Ports were among major gainers on the Nifty, while losers were Infosys, L&T, Hero MotoCorp, M&M, HCL Technologies. On the sectoral front, IT, FMCG, Auto, Bank down 0.5-1.5 percent, while media, metal, capital goods up 0.5-4 percent. The BSE midcap index was up 0.2 percent and smallcap index adde 0.6 percent.
So far in June, crude prices have rallied 24 percent to reach $75 per barrel, building on a 4 percent gain in May. The Strait of Hormuz—a strategic chokepoint that handles nearly 20 percent of global oil flows—is now at the center of concern, with markets pricing in potential supply disruptions.
On June 20, Indian rupee closed at 86.60 a dollar, down 0.2 percent from its Thursday's close of 86.73 a dollar. So far in June, the rupee weakened 1.2 percent while so far in 2025 it has fallen 1.1 percent.
Looking ahead, traders may brace for heightened volatility as geopolitical tensions remain elevated, with Israel and Iran continuing to exchange missile strikes. Iran’s foreign minister stated that Tehran is willing to consider diplomacy only once Israel halts its aggression.
All the sectoral indices ended in the green, with metal, PSU Bank, realty, power, telecom, capital goods up 1-2 percent.
Nifty 50 and Sensex rallied over one percent each in trade on June 20, snapping a three-session losing streak as optimism returned to Dalal Street.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 98,847 per 10 grams today.
The broader market staged a strong rebound, with the midcap and smallcap indices snapping a three-day losing streak and rising nearly 1 percent each.
The broader market rebounded after a brief dip, aligning with the overall positive momentum.
Domestic indices ended largely flat in the previous session, amid a choppy trade as selling pressure across sectors and broader markets weighed on sentiment due to geopolitical tensions.
BSE Midcap index rose 1.2 percent and smallcap index gained 0.5 percent. All the sectoral indices ended in the green, with metal, PSU Bank, realty, power, telecom, capital goods up 1-2 percent. Jio Financial, M&M, Bharti Airtel, Bharat Electronics, Trent were among top gainers on the Nifty, while losers included Hero MotoCorp, Bajaj Auto, Maruti Suzuki, Dr Reddy's Laboratories.