Sensex, Nifty Plunge ₹6 Lakh Crore; SBI MF Acquires Asian Paints Stake

Stock Market News in India
Total 1495 words · 6 mins read

Key Takeaways

  • Sensex fell 823.16 points, Nifty fell 253.20, wiping out ₹6 lakh crore of investor wealth.
  • SBI MF acquired a 3.6% stake in Asian Paints from Reliance for ₹7704Cr.
  • Paytm's stock crashed 10% after MDR on UPI transactions was dismissed.
  • NSDL plans to launch its IPO in July 2025, aiming to raise approximately $400 million.
  • Orkla India (formerly MTR Foods) filed its DRHP with Sebi for an IPO.

Top Stories

Sensex and Nifty sharply down; investors lose ₹6 lakh crore

On June 12, 2025, Indian benchmark indices Sensex and Nifty closed sharply in the red, with Sensex dropping 823.16 points to 81,691.98 and Nifty falling 253.20 points to 24,888.20. Investors became poorer by nearly Rs 6 lakh crore due to the sell-off, which was influenced by geopolitical tensions, tariff uncertainties, and rising crude oil prices.

SBI MF buys 3.6% stake in Asian Paints for ₹7704Cr

On June 12, 2025, SBI Mutual Fund purchased a 3.6% stake in Asian Paints from Reliance Industries for Rs 7704 crore ($900 million) in a major block deal. Reliance sold 3.5 crore shares via Siddhant Commercials Ltd at Rs 2201/share, yielding a 23-fold return on a 17-year-old investment.

Paytm stock crashes 10% after MDR clarification

On June 12, 2025, Paytm's stock price crashed 10% after the finance ministry dismissed plans for a Merchant Discount Rate (MDR) on UPI transactions, leading to investor concerns and Paytm's largest single-day drop since February 2024.

NSDL plans $400M IPO launch in July 2025

National Securities Depository is planning to launch its IPO in July 2025, aiming to raise approximately $400 million.

Orkla India files DRHP with Sebi for IPO

On June 13, 2025, Orkla India (formerly MTR Foods) filed its DRHP with Sebi for an IPO of up to 2.2 crore equity shares via offer for sale.

Company Beat

Asian Paints shares close higher after Reliance stake sale

On June 12, 2025, following Reliance Industries' divestment of a 3.64% stake in Asian Paints, Asian Paints shares closed 0.73% higher at ₹2,225 on the NSE.

Asian Paints faces competition; earnings estimates cut

On June 12, 2025, it was reported that Asian Paints is facing increased competition, leading to a decrease in market share from 59% to 52% in FY25. Nuvama cut its FY26-FY27 earnings estimates for Asian Paints by 6-8% and slashed the target price to Rs 2,200.

IndiGo shares fall; SpiceJet board to meet

On June 12, 2025, shares of Interglobe Aviation and SpiceJet fell amid market concerns and news of an Air India plane crash. InterGlobe Aviation reported a 62% year-on-year growth in its Q4FY25 consolidated net profit. SpiceJet's Board of Directors will meet on June 13, 2025, to consider and approve the audited financial results for Q4FY25.

NCLT reserves judgment on Ireda's petition against Gensol

On June 12, 2025, the NCLT reserved its judgment on Ireda's petition against Gensol Engineering on June 11, 2025, concerning a loan default of Rs 510 crore, and shares of Gensol Engineering slid 2% following this news.

SJS Enterprises: Revenue and PAT growth expected

On June 12, 2025, it was reported that SJS Enterprises is expected to have revenue and PAT CAGRs of 17.5 per cent and 20.1 per cent in FY25-28E. The company will fund its FY26 capex of ₹160 crore via internal accruals and may generate ₹450 crore in FCF in FY25-28E.

Market Movers

Nifty and Sensex down in morning trade on June 12, 2025

On June 12, 2025, the NSE Nifty index was trading 45.71 points down at 25095.7, while the BSE Sensex was down 152.72 points at 82362.42 in the morning. Later in the day, the Nifty50 was down 61.06 points at 25080.35, and the BSE Sensex was down 221.53 points at 82293.61.

Sensex and Nifty up in early trade

On June 12, 2025, in the domestic equity market, the 30-share BSE Sensex rose 108.02 points to 82,623.16 in early trade and Nifty was up 38.7 points to 25,180.10.

Most traded securities on NSE on June 12, 2025

On June 12, 2025, GTL Infra, RattanIndia Power, Vodafone Idea, Reliance Power, Karda Const, JP Power, Shriram EPC, Suzlon Energy, Tata Teleservices, YES Bank, PayTM, BSE, Tanla Platforms, CDSL, Cochin Shipyard, Oil India Ltd, ONGC, GRSE, and Infosys were among the most traded securities on the National Stock Exchange.

Infosys, HCL Tech among top Nifty losers on June 12, 2025

On June 12, 2025, Infosys Ltd., HCL Technologies Ltd., Tata Motors Ltd., and Tata Steel Ltd. were among the top losers in the Nifty index.

Mumbai stocks plunge over 5% on June 12, 2025

On June 12, 2025, several stocks in Mumbai plunged in excess of 5 per cent, including KJMC Corp. Adv. (down 13.33 per cent) and Omni Axs Software (down 11.22 per cent).

Nifty Bank index fell 0.26% on June 12, 2025

On June 12, 2025, the Nifty Bank index fell 0.26% to 56313.65, with Au Small Finance Bank Ltd. and Bank of Baroda among the top gainers, and Federal Bank Ltd., Kotak Mahindra Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., and IDFC First Bank Ltd. among the top losers.

FIIs offload equities worth ₹446.31 crore

According to exchange data published on June 12, 2025, Foreign institutional investors (FIIs) offloaded equities worth ₹446.31 crore on a net basis on Wednesday.

Nifty expiry amplified sell-off on June 12, 2025

On June 12, 2025, the weekly expiry of Nifty 50 futures and options contracts amplified Thursday’s sell-off, triggering sharp intraday moves.

India's 10-year bond yield rose to 6% on June 12, 2025

Nifty: 11 stocks in green, 39 in red on June 12, 2025

On June 12, 2025, in the Nifty pack, 11 stocks traded in the green, while 39 stocks traded in the red, and later in the day, 7 stocks closed in the green, while 43 stocks ended in the red.

52-Week Highs & Lows

Unified Data Tech hits 52-week high; BNP Paribas buys shares

On June 12, 2025, Unified Data Tech shares hit a 52-week high of Rs 387 on the BSE, a 16% increase, and BNP Paribas bought over 1 lakh shares in the company at Rs 332.68 a piece in a block deal.

Multiple stocks hit 52-week highs/lows on June 12, 2025

On June 12, 2025, several stocks reached new 52-week highs, including Intellect Design Arena (Rs 1239.8), Eris Lifesciences (Rs 1909.55), Astrazeneca Pharma India (Rs 10300), Anupam Rasayan India (Rs 1151), Deepak Fertilisers (Rs 1635.2), Manappuram Finance (Rs 275), Procter & Gamble Health (Rs 6107.55), Divi's Laboratories (Rs 6859.8), and Muthoot Finance (Rs 2598.8). Conversely, Softsol India, Pulsar International, Salguti Industries, Archana Software and Mercury Trade Links touched their new 52-week low.

Stocks hit 52-week lows on June 12, 2025

On June 12, 2025, Softsol India, Pulsar International, Salguti Industries, Archana Software and Bluspring Enterprises Ltd. hit their fresh 52-week lows.

Stocks hit 52-week highs and lows on June 12, 2025

On June 12, 2025, Subros, Oriental Trimex, Indokem Ltd, National Fittings and Force Motors hit their fresh 52-week high, while Softsol India, Pulsar International, Salguti Industries, Archana Software and Mercury Trade Links touched their new 52-week low.

Analyst Insights

Experts recommend Tata Motors, Mphasis, Hero Motocorp, others

On June 12, 2025, Aakash K Hindocha recommended Tata Motors (target Rs 782), Mphasis (target Rs 2,870), and Hero Motocorp (target Rs 4,800) as top stock picks. Other experts recommended buying Persistent Systems, JB Chemicals, GAIL, Hero MotoCorp, Infosys, L&T, and Biocon.

Analysts recommend Buy for Star Cement, Trent, ITC, others

On June 12, 2025, Axis Securities gave a Buy rating on Star Cement Ltd with a target price of Rs 237 and on Trent Ltd with a target price of Rs 6,400. BNP Paribas rated ITC as Outperform with a target price of Rs 525 and Titan Company with a target of Rs 3,920. Choice Broking issued a Buy call on TCS, with a target price of Rs 3,950. Elara Securities issued a "Buy" call for SJS Enterprises (SJS IN) with a target price of ₹1,710.

JM Financial projects Tata Motors target price of ₹815

On June 12, 2025, JM Financial maintained a buy call on Tata Motors, projecting a target price of Rs 815 by March 2027, fueled by Tata Motors' strategic focus on market share gains and growth opportunities.

ICICI Securities downgrades Home First Finance to 'Add'

On June 12, 2025, ICICI Securities downgraded Home First Finance Company India to Add from Buy with a target price of Rs 1,375. Home First aims for substantial AUM growth, planning to reach Rs 200 billion by FY27 and Rs 350 billion by FY30.

ICICI Securities maintains Buy call on 3M India

On June 12, 2025, ICICI Securities maintained a Buy call on 3M India with a target price of Rs 33,500, modeling revenue and PAT CAGRs of 11.7% and 22.8%, respectively, over FY25–27E.

Policy Updates

SEBI to accept only validated UPI IDs from October 1

On June 12, 2025, SEBI clarified that from October 1, 2025, only validated UPI IDs will be accepted for UPI payments to Sebi-registered intermediaries to facilitate a secure and transparent payment system.

Rupee Watch

Rupee rises 7 paise against U.S. dollar

On June 12, 2025, the Rupee rose 7 paise to 85.46 against the U.S. dollar in early trade, supported by a weak American currency, a drop in global crude oil prices, and a positive opening in the domestic equity markets.

Top Performers

Top Nifty gainers on June 12, 2025: Asian Paints, Bajaj Finserv

On June 12, 2025, Asian Paints Ltd., Bajaj Finserv Ltd., Oil And Natural Gas Corporation Ltd., Sun Pharmaceutical Industries Ltd., Apollo Hospitals Enterprise Ltd., Apollo Hospital, Dr. Reddys, and Tech Mahindra were among the top gainers in the Nifty index.

Commodity Check

Oil prices ease after earlier spike on June 12, 2025

On June 12, 2025, oil prices eased after an earlier spike, with Brent crude slipping 0.7% to $69.28 a barrel, as markets assessed rising geopolitical risks ahead of U.S.-Iran talks.

Global Markets

Global uncertainties pressure Indian markets on June 12, 2025

On June 12, 2025, global uncertainties, including tensions in the Middle East, soft U.S. inflation data, tariff concerns, and geopolitical dynamics, created a risk-off mood in global markets, adding pressure on Indian markets.

Follow What Matters to You

What interests you today?

Initializing Request

Extracting Keywords

Analyzing Relevant Sources

Generating Your Channel

Suggested Topics