Indian equity markets ended the month with mixed sectoral performance. The Nifty 50 advanced around 1.5 per cent, led by InterGlobe Aviation and Max Healthcare, while the Nifty Bank gained about 6 per cent, with Federal Bank and IDFC First Bank emerging as the top performers.
The Nifty Midcap and Nifty Smallcap indices extended their gains for a third consecutive month, with more than 50 per cent of their constituents closing the month in positive territory. The Nifty PSU Bank index also rose around 4 per cent.
Sensex, Nifty at close on June 30
The stock markets closed in the red territory for the second consecutive session on Tuesday, June 30, with benchmark indices Sensex and Nifty falling around 0.3 per cent each on the latter’s monthly expiry day.
The decline in markets came due to selling in blue-chip IT stocks, oil & gas and select banking shares amid uncertainty over the next round of US-Iran negotiations in Doha. Besides, fresh foreign fund outflows and delayed onset and sluggish progress of the southwest monsoon also weighed on the sentiment of investors.
The 50-share NSE Nifty dropped 80.50 points, or 0.34 per cent, to end at 23,865.75. This came as India VIX, which measures volatility in the market, plunged slightly to 13.48.
Financial Stability Report
The report noted that the Indian economy remains exposed to energy price shocks and supply chain disruptions, while adding that stress in the domestic financial system is lower than during previous crises. According to the RBI’s stress tests, banks’ gross non-performing assets (GNPA) are projected at 1.9 per cent by March 2028 under the baseline scenario, while 15 NBFCs could fall below the minimum capital requirements under a severe credit stress scenario.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
Akshat Mittal is the Chief Copy Editor at ET NOW with over 6 years of experience, specialising in Markets, Personal Finance, and General News. Before joining ET NOW, he worked with prominent media organisations and has reported on numerous major events firsthand.
He has also conducted several high-profile interviews on topics such as the 8th Pay Commission and the IMF’s loan to Pakistan amid Operation Sindoor.
Akshat has been involved in numerous key business launches, covering these events on the ground. His articles are widely published in national magazines and newspapers, where he has conducted several interviews with prominent political figures.
He was the first to bring out the IMF spokesperson’s statement on the voting pattern of the Executive Directors, following reports claiming that ‘no is not an option’ in the IMF voting procedure.
Akshat is passionate about public speaking and has delivered numerous lectures at colleges and schools. He also served as a member of a Youth Parliament in Delhi.
