Closing Bell : 17 June 2025 – Nifty Struggles Near 24,850; Financials & Autos Drag Amid Geopolitical Risk
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
Amid rising Israel–Iran tensions and a spike in crude oil, Indian markets slipped on 17 June 2025. Nifty fell to 24,851.60, Bank Nifty lost ground, Sensex slipped to 81,583.30. Sector breakdown, technical outlook, and 5 BTST picks .
📉 Market Snapshot – Tuesday, 17 June 2025
| Index | Open | Close | Change (Pts) | % Change |
|---|---|---|---|---|
| Nifty 50 | 24,977.85 | 24,851.60 | –126.25 | –0.51% |
| Sensex | 81,869.47 | 81,583.30 | –286.17 | –0.35% |
| Bank Nifty | 55,975.00 | 55,714.15 | –260.85 | –0.47% |
| Fin Nifty | 26,577.25 | 26,451.65 | –125.60 | –0.47% |
- Nifty slid 0.5%, dipping below 24,900 amid escalating geopolitical unrest
- Sensex fell 286 pts, dragged by auto and metal stocks
- Bank Nifty fell 0.5%, in line with broader market weakness
🌍 Global Cues Shaping the Session
- President Trump urged Tehran evacuation, intensifying Israel–Iran conflict fears and supporting crude rally—oil rose sharply
- U.S. futures softened globally, and Asian peers mirrored the cautious tone
- Rupee weakened, pressured by higher crude prices and risk-off sentiment—impacting import-heavy sectors
🏭 Sector Performance
- Auto & Metal: Top drags, falling over 1%, weighed down by rising oil input costs
- Oil & Gas: Mixed performance—upstream names like ONGC edged higher, refining down on margin concerns
- Financials: Bank Nifty declined, with PSU banks underperforming
- IT & Pharma: Outperformed slightly, offering defensive cover
🔍 Technical Outlook
- Nifty 50
- Immediate support: 24,800–24,820
- Resistance: 24,950–25,000
- Indicators softening toward neutral—range-bound setup likely unless supports break.
- Bank Nifty
- Support: 55,600–55,700
- Resistance: 56,000–56,200
- Staying on bearish bias unless rebound above 56k materializes.
🔥 Top 5 BTST (Buy Today, Sell Tomorrow) Trade Ideas
| Stock | CMP (₹ approx) | Catalyst & Insight |
|---|---|---|
| ONGC | ₹252 | Upstream recovery: oil-sensitive bounce likely. |
| HCL Tech | ₹1,730 | IT steady as safe haven; technical support area. |
| Maruti Suzuki | ₹12,595 | Auto bounce potential post-selloff. |
| JSW Steel | ₹999.60 | Metal oversold; trade rebound on stabilization. |
| Lupin | ₹1,944 | Pharma defensive; appealing on correction. |
📌 Strategy & Trade Tips
- Monitor crude and geopolitical headlines overnight—they remain key triggers.
- Trade range-bound: Buy near 55.6–55.7k in Bank Nifty, 24.8k in Nifty; sell near resistances.
- BTST trades should include tight stop-losses and be nimble.
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