Markets Slide After Four-Day Rally as Banking Stocks Weigh Heavily


Markets Slide After Four-Day Rally as Banking Stocks Weigh Heavily



India’s stock markets snapped a four-day winning streak on Monday, June 30, 2025, as profit-taking hit major banking stocks, leading to a notable decline in benchmark indices.

The BSE Sensex fell 452.44 points (0.54%), closing at 83,606.46, while the NSE Nifty dropped 120.75 points (0.47%) to settle at 25,517.05. Earlier in the day, the Sensex plunged as much as 576.77 points, hitting an intraday low of 83,482.13.

Key Laggards:

  • Axis Bank
  • Kotak Mahindra Bank
  • ICICI Bank
  • HDFC Bank
  • Reliance Industries
  • Maruti
  • UltraTech Cement
  • Bajaj Finance
  • Tata Steel
  • Bharti Airtel

These stocks were the main drag on market sentiment after the recent strong uptrend.

Top Gainers:

  • Trent
  • State Bank of India
  • Bharat Electronics
  • Titan
  • Bajaj Finserv

Despite the overall dip, these stocks managed to stay in the green.

Recent Rally Recap:

Over the past four sessions, the Sensex surged 2,162 points (2.64%), while the Nifty advanced 665.9 points (2.66%), riding high on global cues and investor optimism.

What Experts Are Saying:

“Profit-booking was expected after the sharp rally. Now, investors are shifting focus to quarterly earnings, which will bring the market’s attention back to fundamentals,”
– Vinod Nair, Head of Research, Geojit Financial Services.

Global Market Snapshot:

  • Asia: South Korea’s Kospi, Japan’s Nikkei 225, and China’s SSE Composite ended higher.
  • Hong Kong: Hang Seng closed in the red.
  • Europe: Markets were trading lower.
  • U.S.: Ended on a strong note on Friday, June 27.

FIIs & Commodities:

  • Foreign Institutional Investors (FIIs) were net buyers, investing ₹1,397.02 crore on June 27.
  • Brent crude saw a slight dip of 0.15%, trading at $67.67 per barrel.

Previous Session Recap:

On Friday, June 27, 2025, the Sensex had closed at 84,058.90 (up 303 points), while the Nifty settled at 25,637.80 (up 88.80 points), briefly reclaiming the 84,000-mark before today’s fall.

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