The BSE Sensex fell 452 points on June 30, 2025, snapping a four-day rally as investors booked profits in financial and auto stocks
Market Mood Turns Cautious: Sensex Ends 452 Points Lower
Sensex Stumbles – The Indian stock market wrapped up the June quarter on a subdued note, with the BSE Sensex tumbling 452 points to close at 83,606, while the Nifty 50 slipped 123 points to settle at 25,514. This marked the end of a four-day winning streak that had pushed benchmarks to near-record highs.
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The sell-off was largely attributed to profit booking in heavyweight sectors like financials, autos, and energy, even as global cues remained supportive. Axis Bank, Mahindra & Mahindra, and Reliance Industries were among the top drags on the index. On the flip side, select FMCG and PSU bank stocks offered some cushion.
The broader market, however, remained resilient. The Nifty Midcap 100 and Smallcap 100 indices outperformed, reflecting continued retail interest in mid-tier names. Analysts believe this correction is healthy and expected, given the sharp run-up in recent sessions.
Sectoral Snapshot: Financials and Autos Lead the Decline
The day’s losses were concentrated in a few key sectors:
- Banking & Financials: Axis Bank fell over 2%, while HDFC Bank and ICICI Bank also saw mild declines. The Nifty Bank index dropped nearly 1%, as investors booked profits after a strong June series.
- Auto: Mahindra & Mahindra and Hero MotoCorp lost ground amid concerns over rural demand and margin pressures.
- Energy: Reliance Industries slipped over 1%, tracking weakness in crude oil prices and muted refining margins.
Meanwhile, PSU banks like Indian Bank and Union Bank bucked the trend, gaining on the back of strong quarterly updates and institutional buying. FMCG majors like Hindustan Unilever and ITC also held firm, supported by defensive buying.
Foreign Institutional Investors (FIIs) remained net buyers, but at a slower pace, while Domestic Institutional Investors (DIIs) turned cautious. The India VIX edged higher, indicating a slight uptick in market volatility.
What’s Next: Technical Outlook and Market Sentiment
Despite today’s dip, the broader market structure remains bullish. Technical analysts see support for the Nifty around 25,300-25,400, with resistance near 25,800. For the Sensex, key support lies at 83,000, while 84,500 remains a near-term hurdle.
Global markets continue to offer tailwinds. The S&P 500 and Nasdaq closed at record highs last week, and Asian indices like the Nikkei and Kospi posted gains on Monday. Brent crude’s decline to $67 per barrel and easing geopolitical tensions in West Asia are also positives for Indian equities.
However, investors are advised to remain selective. With valuations stretched in certain pockets, buying on dips in quality names with strong earnings visibility is the preferred strategy. Sectors like capital goods, infrastructure, and select FMCG are expected to outperform in the near term.
Conclusion:
June 30 may have ended in red ink, but the broader sentiment remains constructive. The Sensex’s 452-point fall is more a pause than panic, as investors recalibrate portfolios ahead of the July earnings season. With global cues supportive and domestic fundamentals intact, the bulls may just be catching their breath before the next leg up
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