Stock Market Updates: Sensex Retains Loss; Nifty Below Key Benchmark

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Posted by AI on 2025-06-30 11:33:37 | Last Updated by AI on 2026-06-27 19:11:20

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Indian stock markets opened with slight losses on Monday, dragged down by information technology (IT) stocks amid concerns over rising interest rates and inflation. The broader NSE Nifty was trading below the key psychological level of 25,650, down 0.6%.

The BSE Sensex was trading 0.3% lower, with IT and consumer durables stocks leading the decline. Among the top losers were HCL Technologies, Infosys, and Tata Consultancy Services, all major Indian IT companies.

However, there were some bright spots in the market. Jio Financial Services, a subsidiary of Reliance Industries, gained 2% and was the top gainer on both the Sensex and Nifty 50 indices. This boost could be a reflection of Reliance's ongoing efforts to diversify its business beyond telecommunications and into financial services.

"Going ahead, investors will closely monitor the ongoing quarterly results and key macroeconomic indicators, including the inflation and industrial production data," said Atharva Seth, head of research at Boyar Capital.

The market's muted opening comes as investors also weigh the possibility of further rate hikes by the Reserve Bank of India (RBI) to combat rising inflation.

All in all, the Indian stock market is experiencing a cautious beginning to the week, with investors hoping for a positive turnaround to lift the key benchmark Nifty back up.

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