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Market closes lower with Nifty snapping 6-day gaining streak.

Nifty ends in the red but holds on to levels above 20-DMA of 24,860.

Sensex falls 823 points to 81,692 & Nifty 253 points to 24,888.

Nifty Bank falls 377 points to 56,083 & Midcap index 947 points to 58,441.

Major fall in broader markets, Midcap index down nearly 2%.

Market breadth turns in favour of declines, adv-decline ratio 3:1.

BSE-listed cos lose market cap of nearly ₹6 lakh crore on Thursday.

Tata Motors is top Nifty loser, slips 3.5% ahead of June 16 JLR investor meet.

Trent, Shriram Fin, Titan, Coal India are top Nifty losers.

Paytm is top Midcap loser, falls 7% as FinMin clarifies on MDR.

Oil marketing cos see a big fall tracking crude moves, stocks down up to 6%.

Capital market stocks continue to move lower, CAMS, BSE & CDSL down 4–6%.

CE Info slides 10% following a change of 5% equity via block deals.

Asian Paints ends with minor gains following block deals of ₹7,700 crore.

Shares of Boeing Company Ltd. are down 7% in pre-market trading on Thursday after an Air India Boeing 787 Dreamliner, heading towards London from Ahmedabad, crashed minutes after take-off.

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Shares of Spandana Sphoorty Financial Ltd dropped 2% to hit a day’s low of ₹276.65 on the BSE after rating agency ICRA downgraded the company and retained a Negative outlook.

here

Nuvama downgrades Coal India to ‘Reduce’ with a revised target price of ₹367 (down from ₹405).

Factoring In FY25–27e

– 2–3% volume CAGR at risk

– EBITDA to fall at a 2% CAGR

– Increase in total CoP at 4% CAGR

Soybean Processors Association of India (SOPA) has expressed concern over the government’s recent import duty cuts on crude edible oils, warning of potential regulatory overreach. Executive Director DN Pathak said the industry’s unease stems from fears of increasing enforcement and a return to “inspector-raj” conditions, which could harm trade and industry operations. here

Premier Energies plans to double its solar cell capacity to 8.4 GW and module capacity to 10 GW within a year. The company is also moving into backward integration by investing heavily in ingot and wafer manufacturing, which will account for 90% of its capital expenditure. here

EPACK Durable, and around 2,000 copper importers have received show-cause notices related to a duty evasion probe. MD & CEO Ajay Singhania highlighted industry concerns over regulatory uncertainty and the impact of retrospective penalties. here

CRUDE SENSITIVES IN FOCUS

HIGHER CRUDE: IMPACT ON UPSTREAM OIL COS

HIGHER CRUDE: IMPACT ON DOWNSTREAM OIL COS

HIGHER CRUDE: IMPACT ON PAINT COS

Maruti Suzuki’s operations remain unaffected by the rare earth magnet shortage, according to Rahul Bharti, Senior Executive Officer – Corporate Affairs. Despite concerns over China’s export curbs, the company is monitoring the situation and has contingency plans in place. here

The Nifty Smallcap 100 index slumped by over 1.4%. This came to pass as the larger market witnessed a major decline.

Some of the top stocks that contributed to the fall include

CDSL shares slumped by 4.56%

IRCON INT shares declined by 4.40%

RITES shares declined by 4.22%

Vinod Giri of Brewers Association Of India

Cyient arm, Cyient Semicon to collaborate with MIPS for AI power delivery, industrial robotics, & automotive solutions.

ICRA Ratings downgrades Spandana Sphoorty to A- from A, outlook remains negative.

here

The Nifty Midcap Index dipped by over 1.29%. 90 of 100 stocks in this index are trading in red.

Some of the top losers in the index include

Paytm shares declined by 6.61%

HPCL shares declined by 5.19%

BSE Ltd shares dipped by 3.88%

Shares of SJS Enterprises Ltd. rose 2% on Thursday, June 12, after brokerage firm Elara Capital initiated coverage on the company. here

Brokerage firm Nomura has a “buy” recommendation on Dr. Reddy’s Laboratories with a price target of ₹1,575, which implies a potential upside of 16.6% from Wednesday’s close.

On Thursday, June 12, the firm highlighted four factors that can drive future growth and profitability for Hyderabad-based drugmaker Dr Reddy’s Laboratories Ltd., beyond its core gRevlimid drug. here

Market Watch: Vinay Rajani of HDFC Securities

Buy Tech Mahindra for a target price of ₹1,700 with a stop loss of ₹1,620

Buy Biocon for a target price of ₹370 with a stop loss of ₹347

Arvind Sanger, Managing Partner at Geosphere Capital Management, expects a 25-basis point interest rate cut by the Federal Reserve, likely around September. here

Shares of BSE Ltd. are trading with losses for the second day on Thursday, June 12.

The BSE Ltd shares have declined 8% in the last two trading sessions. This comes after the stock rallied for nine consecutive days, gaining 25% before Wednesday’s drop. Four of these nine sessions had over 1 crore shares of the stock change hands in a single session.

The shares of Mazagoan Dock declined by over 2.5% on Thursday. This defence company’s stock declined by 5% in the past 5 sessions. In the past 5 days, the company’s stock has only had one session, when the company closed for the day with gains.

The current price of the stock stands at ₹3,229.00 per share.

 #JustIN | Ashoka Buildcon says,GST Dept, Maharashtra serves notice for search & seizure operations at office premises pic.twitter.com/8hu76pvg6y

— CNBC-TV18 (@CNBCTV18Live) June 12, 2025

Market Watch: Amisha Vora, Chairperson & MD, PL Capital

Capital market stocks

Their long-term potential is too huge, and each of them has its own particular moat, a very competitive presence. They are a definite part of a long-term portfolio.

But if you ask me, in the short to medium term, I do agree that there could be a possibility of a small correction, whether in time or price, but yes, it has run up a bit more.

Sectors

I continue to remain bullish despite the run-up on a bigger story of select capital goods companies. I feel that despite the run-up and the fact that the stocks might consolidate for some time, the runway for the defence of railway stock continues to be too long.

It will be a decadal and two-decadal story which will continue to unfold, and there will be quarterly or yearly ups and downs in execution, but the need and the positioning of these stocks, whether it is Hindustan Aeronautics or some other select stocks, will continue to be very positive going forward.

I feel the sector to really watch for will continue to be the experience-driven or service-driven sector.

We continue to be, for a very long time, bullish on hotels and hospitals. Hotels and hospitals continue to remain in our core portfolio, and apart from that, now the broader consumer durables will also start participating in the overall growth in the economy and both markets.

Shares of BSE Ltd. have declined 8% in the last two trading sessions. This comes after the stock rallied for nine consecutive days, gaining 25% before Wednesday’s drop. Four of these nine sessions had over 1 crore shares of the stock change hands in a single session.

The stock is trading with losses for the second day on Thursday, June 12 and is down over 3% in today’s trading session. here

Market Watch: Aditya Agarwala, Head of research and investments at Invest4edu

Buy Apollo Hospitals for a target price of ₹7,200 with a stop loss of ₹6,900

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