Nifty 50 Dips Below 25,000 Mark; Media, Metals, and Defence Sectors Exhibit Strength
By Ankur Chandra | Updated at: Jun 23, 2025 02:52 PM IST
Mumbai, June 23 (1:15 PM): Indian benchmark indices are trading mixed in the afternoon session of Monday, with the Nifty 50 experiencing a 0.60% dip, bringing it to 24,961.10. This decline in large-cap stocks is primarily attributed to selling pressure in the IT, FMCG, and Auto sectors.
Despite the broader market’s cautious tone, certain thematic and sectoral indices are showcasing resilience. The Media, Metals, and Defence sectors are notably strong performers today.
Overall market breadth remained slightly positive, with 4,235 stocks advancing, 3,815 declining, and 38 remaining unchanged on the NSE.
Benchmark Index Snapshot (as of 1:15 IST)
| Index | Last Price | Change | % Change | 1M Change | 1Y Change |
|---|---|---|---|---|---|
| NIFTY 50 | 24,961.10 | -151.30 | -0.60% | +1.04% | +6.86% |
| NIFTY NEXT 50 | 66,785.90 | +52.85 | +0.08% | -0.54% | -6.16% |
| NIFTY MIDCAP 150 | 21,376.25 | +90.80 | +0.43% | +1.97% | +2.65% |
| NIFTY SMALLCAP 100 | 18,301.70 | +107.50 | +0.59% | +3.12% | -0.22% |
| INDIA VIX | 14.05 | +0.38 | +2.72% | -20.89% | +3.72% |
Sectoral Performance (as of 1:15 IST)
Top Gainers
| Sector | Last Price | Change | % Change |
|---|---|---|---|
| NIFTY MEDIA | 1,733.60 | +58.80 | +3.51% |
| NIFTY METAL | 9,226.50 | +87.90 | +0.96% |
| NIFTY DEFENCE | 9,068.70 | +180.25 | +2.03% |
| NIFTY CAPITAL MARKETS | 4,553.85 | +74.45 | +1.66% |
Top Losers
| Sector | Last Price | Change | % Change |
|---|---|---|---|
| NIFTY IT | 38,495.75 | -495.70 | -1.27% |
| NIFTY AUTO | 23,459.80 | -219.55 | -0.93% |
| NIFTY FMCG | 54,334.15 | -296.80 | -0.54% |
Valuation Overview (PE, PB, Dividend Yield)
| Index | PE Ratio | PB Ratio | Dividend Yield |
|---|---|---|---|
| NIFTY 50 | 22.57 | 3.65 | 1.14% |
| NIFTY NEXT 50 | 21.65 | 3.99 | 1.43% |
| NIFTY MIDCAP 100 | 32.59 | 4.91 | 0.86% |
| NIFTY SMALLCAP 100 | 31.94 | 4.38 | 0.74% |
| NIFTY IT | 29.14 | 7.78 | 2.58% |
Market Sentiment
The rise in India VIX to 14.05, up 2.72%, indicates a heightened sense of caution among investors. Despite the weaker performance of frontline indices, the positive market breadth driven by the midcap and smallcap segments continues to provide underlying support to the market.
What’s Ahead for the Day?
Markets may remain choppy for the rest of the day as caution persists amid weak global cues and heightened volatility (India VIX up 2.72%). While large caps face pressure, strength in media, metal, and defence stocks, along with mid and small-cap resilience, could cushion downside. Nifty needs to hold above 24,900 to avoid further selling; eyes now on global developments and institutional flows in the final hour.
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