Nifty Pre-Open: Market Weakens; Jio Financial Drags as 46 Stocks Decline
By Ankur Chandra | Published at: Jun 23, 2025 10:46 AM IST
Mumbai, June 23, 2025: The Indian equity market is set for a weak opening on Monday, as indicated by the Nifty index, which slipped 192.3 points, or 0.77%, to 24,920.10 in the pre-opening session. This decline is largely attributed to significant selling pressure across heavyweight counters, with geopolitical tensions and rising crude oil prices weighing on global investor sentiment.
Nifty 50 Pre-Open Snapshot (as of 09:07 IST)
| Metric | Value |
|---|---|
| Nifty Last Price | 24,920.10 |
| Change | -192.30 |
| % Change | -0.77% |
| Advances | 4 |
| Declines | 46 |
| Total Market Cap | ₹1,13,232,561 crore |
| Total Traded Value | ₹0 crore (pre-open) |
Top Gainers in Pre-Open
| Stock | Pre-Open IEP | Change (₹) | % Change |
|---|---|---|---|
| BEL | ₹411.00 | +2.75 | +0.67% |
| ONGC | ₹253.00 | +1.11 | +0.44% |
| Nestle | ₹2,370.00 | +9.60 | +0.41% |
| HUL | ₹2,287.00 | +4.80 | +0.21% |
These stocks saw moderate gains supported by demand at higher bids, especially BEL, which saw aggressive buying at ₹449+, although the Indicative Equilibrium Price (IEP) settled at ₹411.
Top Losers in Pre-Open
| Stock | Pre-Open IEP | Change (₹) | % Change |
|---|---|---|---|
| Jio Financial | ₹288.05 | -6.20 | -2.11% |
| Infosys (INFY) | ₹1,601.00 | -21.90 | -1.35% |
| Bajaj Auto | ₹8,270.00 | -101.00 | -1.21% |
| HDFC Life | ₹769.60 | -9.35 | -1.20% |
| Apollo Hospitals | ₹6,980.00 | -83.50 | -1.18% |
Jio Financial Services was the leading decliner, shedding over 2% amidst significant selling pressure. Other heavyweights like Infosys, Bajaj Auto, HDFC Life, and Apollo Hospitals also experienced notable drops, reflecting a negative sentiment across the broader market.
Sectoral Weakness Broad-Based
Most sectors are under pressure. Key index movers such as Reliance Industries (-1.1%), ICICI Bank (-0.82%), TCS (-0.81%), and HDFC Bank (-0.95%) were trading lower. Autos, banking, and IT sectors showed particular weakness, while FMCG majors like HUL and Nestle displayed some resilience.
Market Internals
- BEL recorded the highest pre-open demand with 1.32 million shares in buy orders compared to 0.89 million sell orders.
- SBIN, Tata Motors, and ITC showed heavy sell-side order volumes, signalling cautious institutional activity.
- Total indicative traded volume across Nifty constituents stood at millions of shares, though no final quantities were executed at pre-open close.
Today’s Outlook
The sharp decline in the pre-open session sets a weak tone for the market ahead. Investors will be closely watching macroeconomic factors, global cues (especially geopolitical developments in the Middle East and crude oil prices), and Foreign Institutional Investor (FII) flows for direction throughout the trading day. Large-cap earnings updates and global commodity trends will also be key factors influencing intraday volatility.
About Nifty 50:
The Nifty 50 is NSE’s benchmark broad-based stock market index representing the weighted average of 50 of the largest Indian companies listed on the exchange. It is widely tracked by domestic and global investors.
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