Sensex, Nifty Snap 4-Day Winning Streak as Profit-Taking Hits Bank Stocks
By Shishta Dutta | Published at: Jun 30, 2025 05:23 PM IST
Mumbai, June 30 — Benchmark indices Sensex and Nifty slipped on Monday, ending a four-session winning streak as investors booked profits, particularly in banking stocks, amid mixed global cues.
Market Recap: Indices End Lower After Strong Weekly Rally
After trading in the red through the session, the BSE Sensex shed 452.44 points or 0.54 percent to close at 83,606.46. The index had earlier slumped as much as 576.77 points to an intraday low of 83,482.13.
Meanwhile, the NSE Nifty declined 120.75 points or 0.47 percent to end at 25,517.05.
This correction comes on the heels of a robust four-day rally, during which the Sensex gained 2,162.11 points or 2.64 percent and the Nifty advanced 665.9 points or 2.66 percent.
Key Drags and Gainers
Heavyweights led the decline on Monday. Among the top laggards in the Sensex pack were:
- Axis Bank
- Kotak Mahindra Bank
- Maruti Suzuki
- UltraTech Cement
- Bajaj Finance
- ICICI Bank
- Reliance Industries
- Tata Steel
- Bharti Airtel
- HDFC Bank
On the other hand, some stocks managed to defy the trend and ended in the green:
- Trent
- State Bank of India
- Bharat Electronics
- Titan
- Bajaj Finserv
Global Market Snapshot
- Asia: South Korea’s Kospi, Japan’s Nikkei 225, and China’s Shanghai Composite closed higher, while Hong Kong’s Hang Seng declined.
- Europe: Major indices were trading lower.
- US: Wall Street closed higher on Friday.
Other Market Highlights
- FIIs: Foreign Institutional Investors bought equities worth ₹1,397.02 crore on Friday.
- Oil: Brent crude edged down 0.15 percent to USD 67.67 per barrel.
On Friday, the Sensex had climbed 303.03 points to close above the 84,000 mark at 84,058.90, while the Nifty gained 88.80 points to end at 25,637.80.
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