Post Session: Quick Review

25 Jun 2020 Evaluate
Indian equity benchmarks ended highly volatile session in red terrain on Thursday. The start of the day was sluggish, as the International Monetary Fund (IMF) projected a sharp contraction of 4.5% for the Indian economy in 2020, a historic low, citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities. Key indices altered between green and red terrain during the whole trading session, on the back of weak cues from other Asian markets. Traders took a note of reports that the government has said that all urban cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India (RBI), which is applicable to commercial banks.

Despite volatility, downside remained capped at the end of the session, as Minister of MSME, Nitin Gadkari launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called 'Distressed Assets Fund–Sub-ordinate Debt for MSMEs'. As per the Scheme, the guarantee covers worth Rs. 20,000 crore will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity. Besides, NITI Aayog and the International Transport Forum (ITF) of OECD have jointly launched the ‘Decarbonizing Transport in Emerging Economies’ (DTEE) project in India. This five-year project will help India develop a pathway towards a low-carbon transport system through the development of modelling tools and policy scenarios.

On the global front, European markets were trading mostly in green terrain, as investors studied whether a resurgence in coronavirus infections will sap appetite for riskier assets. Asian markets ended lower, as Japan's all industry activity declined for the third straight month in April. The figures from the Ministry of Economy, Trade and Industry showed that the all industry activity index fell 6.4 percent month-on-month in April, following a 3.4 percent decline in March. Among components, construction activity remained unchanged on month, after a 1.9 percent rise in March.

The BSE Sensex ended at 34842.10, down by 26.88 points or 0.08% after trading in a range of 34499.78 and 35081.61. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.62%, while Small cap index was up by 0.76%. (Provisional)

The top gaining sectoral indices on the BSE were FMCG up by 2.25%, Healthcare up by 0.97%, Bankex up by 0.62%, Utilities up by 0.31% and Telecom up by 0.22%, while IT down by 1.55%, TECK down by 1.21%, Oil & Gas down by 0.95%, Realty down by 0.94% and Energy down by 0.70% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were ITC up by 5.45%, Bajaj Finance up by 2.35%, Kotak Mahindra Bank up by 1.67%, Hindustan Unilever up by 1.19% and ICICI Bank up by 0.79%. On the flip side, Asian Paints down by 3.09%, Infosys down by 2.04%, HCL Tech. down by 1.90%, Mahindra & Mahindra down by 1.71% and ONGC down by 1.62% were the top losers. (Provisional)

Meanwhile, NITI Aayog and the International Transport Forum (ITF) of OECD have jointly launched the ‘Decarbonizing Transport in Emerging Economies’ (DTEE) project in India. This five-year project will help India develop a pathway towards a low-carbon transport system through the development of modelling tools and policy scenarios.

NITI Aayog CEO Amitabh Kant said decarbonization of the transport sector would create a cleaner, healthier and more affordable future for everyone. The DTEE project would help India translate its climate ambitions into actions. He said the modelling tool and assessment framework would provide a targeted analytical assistance to identify these climate actions and help us draw policies rooted in data analysis and advanced modelling.

Meanwhile, the ITF project team will work in close cooperation and coordination with India’s government agencies, local decision-makers, researchers, experts, and civil society organisations. Stakeholder workshops, training sessions, briefings for policymakers and mitigation action plans will support the development of policies beyond the duration of the project.

The CNX Nifty ended at 10288.90, down by 16.40 points or 0.16% after trading in a range of 10194.50 and 10361.80. There were 17 stocks advancing against 32 stocks declining, while 1 stock remain unchanged on the index. (Provisional)

The top gainers on Nifty were ITC up by 5.34%, Kotak Mahindra Bank up by 2.81%, Hero MotoCorp up by 2.64%, Bajaj Finance up by 2.42% and Hindustan Unilever up by 2.01%. On the flip side, Asian Paints down by 3.33%, Hindalco down by 3.17%, Indian Oil Corporation down by 2.35%, Adani Ports & SEZ down by 2.23% and Shree Cement down by 2.20% were the top losers. (Provisional)

European markets were trading mostly in green, France’s CAC increased 18.14 points or 0.37% to 4,889.50 and Germany’s DAX increased 101.87 points or 0.84% to 12,195.81. On the flip side, UK’s FTSE 100 was down by 0.61 points or 0.01% to 6,123.08.

Asian markets ended lower on Thursday amid concerns that a spike in new corona virus cases in major economies, fueled fears of a possible second wave of virus infections and a slower global economic recovery. The International Monetary Fund has sharply lowered its global growth forecast for this year and next and said the pandemic was causing wider and deeper damage to economic activity than first thought. Moreover, fresh tensions between the EU and Washington, too weighed on market sentiment. The United States is considering levying taxes on an additional $3.1 billion in European imports amid a dispute over subsidies to plane maker Airbus. Meanwhile, markets in China, Taiwan and Hong Kong were closed for the Dragon Boat Festival.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

-

-

-

Jakarta Composite

4,896.73
-68.01
-1.37

KLSE Composite

1,489.20

-13.43

-0.89

Nikkei 225

22,259.79
-274.53
-1.22

Straits Times

2,590.15
-38.47
-1.46

KOSPI Composite

2,112.37
-49.14
-2.27

Taiwan Weighted

-

-

-


© 2026 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.

×