Market recovers 650 points from the day's low: Nifty crosses 25,000; Auto and IT stocks fall by 1%, media gains 3.72%.

Mumbai

Stock Market Update – Monday, June 23

Market opens with a dip, recovers significantly
On the first trading day of the week, Monday, June 23, the Sensex was trading nearly 300 points down at around 82,100, while the Nifty slipped about 100 points, hovering near the 25,000 mark.
Infosys, HCL Tech, and HUL shares were down by around 2%.

Earlier in the day, the Sensex had plunged nearly 900 points, but has since recovered about 650 points. Similarly, Nifty also recovered 220 points from its intraday low.

All NSE sectoral indices opened in the red but later saw a good recovery:

Media index surged by 3.72%
Metal index rose by 1.06%
Only Auto and IT sectors are still down by around 1%

Geopolitical Tensions: Iran may block key oil route
Iran’s parliament has passed a proposal to close the Strait of Hormuz in response to recent U.S. airstrikes.
This is significant globally as 20–25% of the world’s crude oil supply passes through this route.

Following the news, oil prices surged to around $80 per barrel.
Rising oil prices are likely to increase inflation and hurt economies of oil-importing countries.
Investor concerns about rising input costs and lower corporate profits have contributed to market volatility.

Global Markets Weak

Japan's Nikkei: Down 227 pts at 38,175
South Korea’s Kospi: Down 21 pts at 3,000
Hong Kong’s Hang Seng: Down 25 pts (0.11%) at 23,505
China’s Shanghai Composite: Up 5 pts at 3,365

U.S. Markets – June 20 Closing:

Dow Jones: +35 pts at 42,206.82
Nasdaq Composite: -0.51% at 19,447
S&P 500: -13 pts at 5,967.84

FIIs & DIIs – June 20 Activity

Foreign Institutional Investors (FIIs) bought shares worth ₹7,940.70 crore
Domestic Institutional Investors (DIIs) sold shares worth ₹3,049.88 crore

June so far:

FIIs net buying: ₹3,897.21 crore
DIIs net buying: ₹56,786.30 crore

May Net Buying:

FIIs: ₹11,773.25 crore
DIIs: ₹67,642.34 crore

Previous Session Recap – June 20 (Friday):

Sensex jumped 1,046 points to close at 82,408
Nifty gained 319 points, ending at 25,112
Out of Sensex 30 stocks, 27 advanced, 3 declined
- Top gainers: Airtel, Nestlé, M&M (up to 3.2%)
- Losers: Maruti, UltraTech Cement, Axis Bank

On Nifty, 44 of the 50 stocks closed in the green.
NSE Realty Index led the rally with 2.11% gains.
Healthcare, Banking, IT, Metal, Media, and Pharma indices also rose up to 1.6%.