📈 Daily Market Wrap – June 23, 2025

Hello readers! Here's your daily dose of market data, unpacked simply. No jargon, just clear info on how India's major markets closed today.

1. NSE – Nifty 50

Index	Close	Change	% Change
Nifty 50	24,971.90	-140.50	-0.56%

On Monday, Nifty 50 closed at 24,971.90, down by 140.5 points (‑0.56%) :contentReference[oaicite:2]{index=2}.

What moved Nifty today?

• Geopolitical tensions escalated after U.S. airstrikes on Iran’s nuclear sites, sending global markets into a risk‑off mode :contentReference[oaicite:3]{index=3}.
• Weakness in global tech spending hit IT stocks, with Nifty IT shedding ~1.5% :contentReference[oaicite:4]{index=4}.
• GIFT Nifty futures also pointed lower, backing the weak sentiment :contentReference[oaicite:5]{index=5}.

2. BSE – Sensex

Index	Close	Change	% Change
Sensex	81,896.79	-511.38	-0.62%

The Sensex closed at 81,896.79, down 511 points (‑0.62%) :contentReference[oaicite:6]{index=6}.

Market Drivers Behind the Dip

1. Heightened oil prices due to war fears led to inflation concerns :contentReference[oaicite:7]{index=7}.
2. Global equity sell‑off spilled into Indian markets :contentReference[oaicite:8]{index=8}.
3. Weakness among big IT and banking stocks weighed heavily :contentReference[oaicite:9]{index=9}.

3. MCX Gold

Commodity	Close (₹/10 g)	Change
MCX Gold (1 kg)	99,090.00	-239.00

MCX Gold futures ended at ₹99,090 per 10 g, down ₹239 (‑0.24%) :contentReference[oaicite:10]{index=10}.

Why Gold moved slightly lower

• Despite rising geopolitical risks, a stronger USD kept gold prices in check :contentReference[oaicite:11]{index=11}.
• Profit booking ahead of expiry kept the metal range‑bound around ₹99k.

4. Sector Snapshot

Here’s how key segments performed on BSE/NSE:

Sector	Performance
IT	‑1.5%
Bank	‑0.34%
Auto	‑0.9% approx
FMCG	‑0.5% approx
Metal	+0.66% approx

Metal stocks held their ground, while IT, banking, auto and FMCG were under pressure :contentReference[oaicite:12]{index=12}.

5. Small and Mid‑Caps

Resistance in small‑ and mid‑cap segments continued despite overall weakness. Key factors:

• Stock‑specific strength, driven by earnings and domestic buying :contentReference[oaicite:13]{index=13}.
• Limited impact from foreign portfolio investors boosted confidence :contentReference[oaicite:14]{index=14}.

6. Economic Themes Unfolding

Several wider themes shaped the day:

• Geo‑political tensions: U.S. strikes in Iran impacted oil prices and sparked global risk aversion :contentReference[oaicite:15]{index=15}.
• Oil Surge: Oil hit a ~5‑month high, raising inflation fears :contentReference[oaicite:16]{index=16}.
• Tech sector weakness: Weakness in Accenture and broader IT triggered profit‑taking :contentReference[oaicite:17]{index=17}.
• Fed rate outlook: Rising oil could push back rate‑cut hopes :contentReference[oaicite:18]{index=18}.
• Domestic resilience: Retail and institutional flows support select segments :contentReference[oaicite:19]{index=19}.

7. Visual Summary

Comparing daily percent changes:

Market	% Change	Visual
Nifty 50	‑0.56%	‑0.56%
Sensex	‑0.62%	‑0.62%
Gold (MCX)	‑0.24%	‑0.24%

8. What to Look for Tomorrow

• Oil prices: Any further movement might steer markets.
• Global cues: Watching U.S. and Middle East headlines.
• FII/DII flows: Will domestic buying sustain the rally?
• Earnings updates: Especially in mid‑caps and small‑caps.

9. Key Terms Explained

GIFT Nifty: Pre-market futures in GIFT City, Gujarat, often signal market direction :contentReference[oaicite:20]{index=20}.

Open Interest (OI): Total open MCX Gold contracts – an indicator of interest/liquidity :contentReference[oaicite:21]{index=21}.

Fed rate cuts: Expected U.S. interest rate reductions, now delayed due to inflation fears from oil.

Final Take

On June 23, 2025, Indian markets ended lower, weighed by global risk factors and rising oil prices. While frontline indices dropped around 0.6%, some pockets like metals and small/mid-caps showed strength. MCX Gold remained relatively steady, with a slight dip reflecting USD strength. Travel cautiously tomorrow — global tension and oil direction will keep traders on edge.

See you tomorrow with another update!