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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty remains below 24,900 with a 250-point cut; Ola Electric down 4%
By CNBCTV18.COM | Jun 23, 2025 10:23 AM IST (Updated)
Sensex Today | Stock Market LIVE Updates: In line with the market cues, the indices have started the day in red. The Nifty index has now fallen below the 25,000 mark yet again, declining by over 250 points. The Sensex index opened with a major decline of over 600 points, thereafter extending losses to over 850 points, taking the index below the 82,000 mark.
Sensex Today | Stock Market LIVE Updates: In line with the market cues, the indices have started the day in red. The Nifty index has now fallen below the 25,000 mark yet again, declining by over 250 points. The Sensex index opened with a major decline of over 600 points, thereafter extending losses to over 850 points, taking the index below the 82,000 mark.
The defense stocks, particularly the shipbuilding stocks, surged, while tech stocks and Nifty IT stumbled by over 1%.
Kerala Ayurveda stocks surged by over 18%. In addition, Ola Electric shares fell by over 4% in the opening hours of the day's trade after a large block deal.
Confirming concerns, the GIFT Nifty is trading with cuts indicating a negative start to the indices. The Indian equities begin the new trading week amidst escalating geopolitical tensions in West Asia. The US joining the attacks against Iran with Israel has impacted global equities, but not as badly as feared.
The Dow futures have trimmed early losses to 130 points, while Brent Crude, having tested levels of $81 per barrel in early trade, failed to sustain those levels. However, rising oil prices and the fears of Iran's retaliation could be a dampener in sentiment on Dalal Street.
Oil stocks will continue to remain in focus even as Union Minister Hardeep Singh Puri assured that India has multiple sources to import oil and companies have enough supply in place.
Friday's trading session saw the Nifty close above 25,100 in a rebound from Thursday's sell-off and a combination of various rebalancing exercises that took place towards the close of trading. Along with oil stocks, defence as a pocket will continue to remain in focus, along with Indian IT companies, after Accenture reported results last Friday and the stock ended 7% lower in regular trading.
Watch this space for all the Live updates.
