The day started on a positive note, but the market lost steam as the day progressed, closing lower amid rising geopolitical concerns. The Sensex closed at 81,583.3, down 212.85 points or 0.26%, while the Nifty50 settled at 24,853.40, losing 93.1 points or 0.37%.
In terms of broader market performance, the Nifty Midcap100 and Nifty Smallcap100 indices dropped by 0.79% and 0.82%, respectively.
Additionally, India VIX, the volatility index, dropped by nearly 3%, closing at 14.402 points. This drop indicates that investor fear slightly eased, but the overall volatility remained.
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Impact on the stock market
On the sectoral front, only the IT sector showed some green, with all others settling in the red. The Nifty Pharma and Metal indices were among the biggest losers, falling by 1.89% and 1.43%, respectively. Other sectors such as Consumer Durables, Oil & Gas, Realty, Auto, Energy, Bank, FMCG, and Media all faced losses of up to 1%.
| Sector/Index | Performance |
| IT & BPM sector | 0.72% |
| Healthcare sector | -1.79% |
| Oil & Gas sector | -0.73% |
| Real estate sector | -0.65% |
| PSU Bank in India | -0.72% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Tech Mahindra Share Price | 1,718.60 | 1.46 |
| Infosys Share Price | 1,639.90 | 0.99 |
| Asian Paints Share Price | 2,264.80 | 0.89 |
| TCS Share Price | 3,515.30 | 0.54 |
| Maruti Suzuki Share Price | 12,595.00 | 0.52 |
Top losers today
| Company | Price (in ₹) | Change % |
| Adani Enterpris Share Price | 2,488.50 | -2.18 |
| Dr Reddys Labs Share Price | 1,318.80 | -2.08 |
| Sun Pharma Share Price | 1,650.20 | -2.08 |
| Eternal Share Price | 247.25 | -1.94 |
| ONGC Share Price | 252.31 | -1.74 |
Market aftermath: Impact on stocks
Navin Fluorine – A Promising Stock
Navin Fluorine’s shares surged over 6%, hitting a fresh 52-week high of ₹4,794.30 after Jefferies reiterated its ‘buy’ rating on the stock. The brokerage believes the company is well-positioned to leverage its USD 2 billion capex investment and expects strong earnings growth, targeting ₹5,280 per share. This positive sentiment also lifted other chemical stocks like Coromandel International and Deepak Nitrite.
Navin Fluorine is projected to benefit from long-term contracts in specialty chemicals, high-performance products, and CDMO (contract development and manufacturing). Analysts are also bullish about its future growth, which looks set to continue through FY26 and beyond.
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Defence Stocks – Geopolitical Factors at Play
The ongoing Israel-Iran conflict has boosted Indian defence stocks, with shares of companies like Mazagon Dock and Bharat Dynamics rising by up to 5%. The Nifty Defence Index rose over 1.3% as the geopolitical tensions sparked hopes for higher order inflows to Indian defence players.
With defence spending expected to increase, India’s defence sector is seen as a growth opportunity in the coming years. However, valuations of some stocks are a concern, as they have soared significantly.
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Tanla Platforms – Buyback Boost
Shares of Tanla Platforms soared by 8% following the approval of a ₹175 crore share buyback. The buyback will see the company repurchase 20 lakh shares at a 33% premium to its current market price. This is a positive move for investors as it signals confidence in the company’s financial health and future prospects.
The stock had been underperforming over the last year but has seen a decent recovery in the past month. The buyback decision is expected to lift investor sentiment further, and analysts are watching the stock closely for future developments.
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Crude Oil Market Update
In the global commodities market, crude oil prices saw a rise due to heightened geopolitical tensions. Brent oil futures increased by 0.53% to $73.62 per barrel, while WTI crude oil futures gained 0.65% to reach $70.71 per barrel. The rising oil prices were partly driven by the escalating tensions between Iran and Israel, with President Trump calling for the evacuation of Tehran.
Crude oil futures in India also saw an uptick, with June futures trading at ₹6,198, up by 0.44%. This increase reflects the global uncertainties, which have an impact on commodity prices. Investors are keeping a close eye on these developments, as oil prices are a critical factor for the Indian economy and its inflation dynamics.
Conclusion
In summary, June 17, 2025, saw the Indian stock market facing a series of challenges, including geopolitical tensions and sector-specific downturns. The Sensex and Nifty both closed in the red, but there were some individual stocks that outperformed, particularly in the chemical, defence, and technology sectors.
While the overall sentiment was cautious, stocks like Navin Fluorine, Tanla Platforms, and defence companies benefited from positive catalysts. The crude oil market also saw an uptick, indicating that the global macroeconomic environment remains volatile.
For investors, it’s important to be selective and consider both short-term volatility and long-term potential when making investment decisions. The market is filled with opportunities, but one must navigate it wisely, especially in uncertain times like these.
For more stock market insights, check out the StockGro blog.
