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Indian equity markets closed marginally down in another mixed session on June 19 with Nifty closing below 24,800 as selling took place across the sectors except auto. The market started on a flat-to-negative note before witnessing a rangebound movement during the session as global markets were mixed following the Fed keeping rates unchanged with a forecast of higher inflation and slower growth. Increasing Middle East geopolitical tensions also dampened investor sentiment.
At closing, the Sensex was lower by 82.79 points or 0.10 percent to 81,361.87, while the Nifty was lower by 18.80 points or 0.08 percent to 24,793.25.
Broader indices lagged the key indices with BSE Midcap and Smallcap declining over 1.5 percent each.
Stock in News:
ESAF Small Finance Bank: The company shares jumped 11 percent to Rs 34 per share on June 19 after the board of the bank sanctioned the sale of non-performing assets (NPAs) and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC).
MTAR Technologies: The company shares wiped out all losses to quote 1 percent higher at Rs 1,709 in the afternoon on June 19 after precision engineering company announced that it had signed a 10-year supply contract with Switzerland-based Weatherford Products GMBH for Whipstock assemblies and other key components.
Adani Ports & Special Economic Zone: Shares dropped about 2.5 percent on June 19, as losses mounted for the seventh straight session. The stock has fallen more than 9 percent over this period, as investors were worried about the possible danger to its principal port in Israel due to the prevailing conflict in the Middle East.
Hindustan Zinc: Shares fell almost 3 percent to Rs 440 per share on June 19, continuing big losses for the seventh straight session. The stock has fallen almost 18 percent since June 10. Hindustan Zinc shares have a P/E of over 18 now. The stock has fallen almost 14 percent over the last five days but is down modestly this year so far in 2025. It has fallen over 30 percent in the past one year.
Source: Moneycontrol