return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. Mid-day market check: SENSEX, NIFTY50 trade lower; Vishal Mega Mart, Zee, Zydus among buzzing shares

Market News

Mid-day market check: SENSEX, NIFTY50 trade lower; Vishal Mega Mart, Zee, Zydus among buzzing shares

Upstox
By Upstox News Desk

4 min read | Updated on June 17, 2025, 12:46 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The SENSEX fell as much as 325 points and NIFTY50 index touched an intraday low of 24,846 amid subdued cues from Asian markets. As of 12:26 pm, SENSEX was down 285 points at 81,510 and NIFTY50 index declined 93 points to 24,853.

Gainers and losers

Shares of public sector banks were trading higher on Tuesday, June 17. | Image: Shutterstock

The Indian equity benchmarks continue to trade with a negative bias in noon deals dragged down by losses in index heavyweights like HDFC Bank, Reliance Industries, Bajaj Finance, Sun Pharma, Bharti Airtel and ICICI Bank.

The SENSEX fell as much as 325 points and NIFTY50 index touched an intraday low of 24,846 amid subdued cues from Asian markets.

As of 12:26 pm, SENSEX was down 285 points at 81,510 and NIFTY50 index declined 93 points to 24,853.

Here are buzzing shares in trade on Tuesday:
Indian Overseas Bank, Punjab & Sind Bank: Shares of public sector banks were trading higher on Tuesday, June 17, after reports suggested that the government will fast-track selling its stake in the banks.
According to a CNBC Awaaz report, the government will sell up to a 20% stake in five public sector banks in the next six months through a qualified investment process (QIP) and offer for sale (OFS). It will also sell stakes in UCO Bank, Bank of Maharashtra, Indian Oil Corporation, Central Bank of India and Punjab & Sind Bank.
Vishal Mega Mart: Shares of the retail chain operator fell as much as 8% to hit an intraday low of ₹115 after a CNBC TV18 report suggested that as many as 93.58 crore shares of the company, amounting to 20% of Vishal Mega Mart's outstanding equity, changed hands in the block deal window.

Shares changed hands at an average price of ₹115 per share, taking the total transaction value to ₹10,488 crore, the report added.

Tanla Platforms: Shares of the company rallied as much as 7.43% to ₹706 after company said that its board has approved the buyback of up to 20 lakh fully paid-up equity shares of a face value of ₹1 each. This is 1.49% of the total number of equity shares in the existing total paid-up equity share capital of the company. The buyback price is ₹875 apiece, and the buyback size stands at ₹175 crore.
Zee Entertainment: Shares of Zee Entertainment surged over 3.5% to an intraday high of ₹142.75 apiece on Tuesday, June 17, after the company said it plans to raise ₹2,237.44 crore from promoter group entities, which will lead to an increase in promoter shareholding to 18.4%.

The board of the company, at its meeting held on Monday, approved the “issue of up to 16.95 crore fully convertible warrants for consideration to be received in cash” to Altilis Technologies and Sunbright Mauritius Investments, promoter group entities, on a preferential basis, said ZEEL.

DLF: Shares of realty major DLF Ltd were trading around 1.3% higher at ₹870.15 apiece on the NSE in the morning trade on Tuesday, June 17. On the BSE, the stock was trading around 1.5% higher at ₹871.80.

The stock has been on a rising spree of late. BSE data show that DLF stock price has rallied 8.17% in the past two weeks and 21.54% in the past 30 days (including today's rates). Further, in the past three months, the scrip has rallied over 32%.

KRBL, LT Foods, Chaman Lal Setia: Shares of the country’s leading basmati rice exporters have come under pressure over the last three trading sessions as geopolitical tensions in West Asia escalated sharply. With Israel intensifying its military strikes on Iran and retaliatory action by Iran, investor sentiment around exporters with exposure to the region has turned cautious.

KRBL, India’s largest basmati rice exporter by volume, has fallen 4% since June 12. LT Foods and Chaman Lal Setia, two other major players in the segment, have each declined 2.56%, while Kohinoor Foods is down 1.6%. The fall in stock prices came over concerns of possible disruptions in export demand from Iran, one of India’s most important buyers of premium rice.

According to data from the Agricultural and Processed Food Products Export Development Authority (APEDA), Iran was the third-largest importer of Indian basmati rice in the 2024–25 fiscal year, purchasing rice worth ₹6,374 crore. This accounted for 12.6% of India’s total basmati rice exports during the year. The country has traditionally been a key market for Indian rice exporters due to strong consumer demand and historical trade links, The Times of India reported.

SIP
Consistency beats timing.
promotion image

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.