Markets fall after 4-day rally dragged by bank stocks; Sensex drops 452 points

Benchmark equity indices Sensex and Nifty tumbled on Monday (June 30, 2025) after a four-day rally amid the emergence of profit-taking, mainly in bank stocks.

After staying in the negative territory throughout the day, the 30-share BSE Sensex later dropped 452.44 points or 0.54%, to settle at 83,606.46. During the day, it tanked 576.77 points or 0.68% to 83,482.13.

The 50-share NSE Nifty declined 120.75 points or 0.47% to 25,517.05.

From the Sensex firms, Axis Bank, Kotak Mahindra Bank, Maruti, UltraTech Cement, Bajaj Finance, ICICI Bank, Reliance Industries, Tata Steel, Bharti Airtel and HDFC Bank were among the major laggards.

However, Trent, State Bank of India, Bharat Electronics, Titan and Bajaj Finserv were among the gainers.

In the past four trading days, the Sensex jumped 2,162.11 points or 2.64% and the Nifty surged 665.9 points or 2.66%.

“The global market sentiment is moving in favour of equities on account of easing risk in the Middle East and the U.S. trade deal hopes. However, the main domestic indices witnessed profit-booking after the recent rally.

“Investors are now turning their attention to quarterly earnings and will refocus the markets on fundamentals for valuation support,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index settled in the positive territory, while Hong Kong’s Hang Seng ended lower.

European markets were quoting lower. The U.S. markets ended higher on Friday (June 27, 2025).

Foreign Institutional Investors (FIIs) bought equities worth ₹1,397.02 crore on Friday (June 27, 2025), according to exchange data. Global oil benchmark Brent crude dipped 0.15% to $67.67 a barrel.

On Friday (June 27, 2025), the Sensex climbed 303.03 points or 0.36%, to reclaim the 84,000 level and settle at 84,058.90. On the similar lines, the Nifty rose 88.80 points or 0.35% to 25,637.80.