Manufacturing Index Slides 124 Points as 72 Stocks Sink on Market Jitters
By Shishta Dutta | Updated at: Jun 14, 2025 05:52 PM IST
Mumbai, June 13, 2025 (09:43 IST) – The Nifty India Manufacturing Index suffered a sharp drop of 124.25 points or 0.87%, falling to 14,121.95 by 09:43 IST. With 72 of its 77 constituents trading in the red, the decline reflects intense sector-wide pressure amid rising geopolitical unrest and cautious global cues. Key heavyweights such as Reliance Industries, Maruti Suzuki, and Tata Motors led the fall, dragging the index lower despite some resilience in defence counters.
As of 10:03 AM IST on June 13, 2025, the Nifty India Manufacturing Index was trading at 14,141.30, marking a drop of 104.90 points or 0.74% from its previous close of 14,246.20. The index opened the session lower at 13,975.55 and moved within a narrow range, touching an intraday high of 14,158.60 and a low of 13,973.85. The index reflects subdued sentiment in the manufacturing space amid broader market weakness. Year-to-date, the index has delivered a modest gain of 2.30%, though today’s pressure highlights short-term volatility.
Index Performance Snapshot
| Metric | Value |
|---|---|
| Previous Close | 14,246.20 |
| Day’s High | 14,129.05 |
| Day’s Low | 13,973.85 |
| Last Traded Price | 14,121.95 |
| Time of Data | 09:43 IST |
| 1-Month Change | +3.62% |
| 1-Year Change | -0.78% |
| Total Volume | 7.97 crore |
| Total Value | ₹4,159 crore |
Market Breadth: Weak Across the Board
- Declining stocks: 72
- Advancing stocks: 4
- Unchanged: 1
The market breadth remains heavily skewed to the downside, indicating widespread weakness in manufacturing-linked shares.
Top Gainers (as of 09:43 IST)
| Stock | Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| HAL | 5,043.50 | +87.50 | +1.77% |
| BEL | 392.55 | +5.15 | +1.33% |
| SOLARINDS | 16,785.00 | +133.00 | +0.80% |
| VEDL | 462.35 | +1.85 | +0.40% |
Defence-related stocks held firm, led by HAL and BEL, buoyed by strong order visibility and continued institutional interest.
Top Losers (as of 09:43 IST)
| Stock | Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| BPCL | 306.70 | -11.95 | -3.75% |
| PIDILITIND | 2,973.90 | -73.00 | -2.40% |
| RELIANCE | 1,418.50 | -23.10 | -1.60% |
| ABB | 5,926.00 | -95.00 | -1.58% |
BPCL and Reliance fell despite higher global crude oil prices, possibly due to concerns over refining margins and inventory losses.
Sectoral Highlights
- Aerospace & Defence: Outperformed, with HAL and BEL in the green.
- Auto & Components: Declined, pulled down by Tata Motors, Hero MotoCorp, and Bosch.
- Pharma & Chemicals: Mostly lower, with minor dips in Divi’s Lab and Pidilite.
- Heavy Electricals: ABB and BHEL experienced mild selling pressure.
Why the Nifty India Manufacturing Index Fell?
Geopolitical Tensions and Oil Surge
India’s broader equity market slid sharply after Israel launched strikes on Iran, triggering a steep rise in Brent crude, which surged 9% intraday over $75/barrel As crude climbed, concerns over higher input costs and inflation intensified, prompting widespread selling, particularly in auto, heavy electricals, and chemicals linked to manufacturing. Cooling but
Pressured Manufacturing Growth
A recent May manufacturing PMI release showed activity slowed to a three-month low of 57.6, down from 58.2 in April. While still above the growth threshold, this deceleration, driven by rising input prices and geopolitical stress, suggests softer demand, further denting investor confidence in the sector.
Risk-Off Sentiment and Portfolio Rebalancing
Global risk-off sentiment deepened, with foreign institutional investors (FIIs) moving away from equities amid rising oil, geopolitical tension, and uncertainty around US–China trade talks. Many investors fled to safe-haven assets like gold and the US dollar, draining liquidity from manufacturing stocks.
Outlook
The Nifty India Manufacturing Index continues to reflect the stress across global and domestic markets. With crude oil volatility, rising geopolitical uncertainty, and cautious institutional flows, investors may temporarily rotate to policy-driven and defensive sectors such as defence and engineering. Further clarity is awaited from the upcoming macroeconomic cues.
About the Nifty India Manufacturing Index:
The Nifty India Manufacturing Index tracks the performance of leading Indian manufacturing firms across key sectors such as capital goods, metals, chemicals, pharmaceuticals, electronics, and auto components. It serves as a barometer of the country’s industrial output and aligns closely with government-led initiatives like ‘Make in India’ and the Production-Linked Incentive (PLI) schemes aimed at boosting domestic manufacturing.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
