Wed Jun 25 02:20:00 UTC 2025: Okay, here’s a summary of the text and a rewritten version as a news article:

**Summary:**

Indian stock markets traded negatively on June 23, 2025, influenced by global tensions and weak cues. Ola Electric shares fell sharply after a block deal. Aditya Birla Lifestyle Brands Ltd. listed on the exchange, debuting at ₹167 but experiencing volatile trading. Small finance banks saw easing of lending norms by RBI. Zee Entertainment is aiming for breakeven in its digital business and creating a significant cash reserve.

**News Article:**

**Ola Electric Shares Tumble Amid Market Downturn, Aditya Birla Lists Amid Volatility**

**Mumbai, June 23, 2025 (IST) -** Indian equity benchmarks faced downward pressure Monday, mirroring global market anxieties stemming from escalating Middle East tensions. The SENSEX and NIFTY50 both experienced significant dips, reflecting investor caution.

Ola Electric, the electric two-wheeler manufacturer, was particularly affected. Shares plunged as much as 6.2%, hitting an intraday low of ₹43.20, following a block deal involving 2.41 crore shares (0.55% equity) worth ₹107 crore. Trading volume was significantly higher than the daily average. This decline occurred despite the company’s recent announcement of expanded at-home lab test services in collaboration with Orange Health Labs across major Indian cities.

In other market news, Aditya Birla Lifestyle Brands Ltd. made its debut on the exchanges today. The stock listed at ₹167 on the NSE and ₹167.75 on the BSE, against discovered prices of ₹170.95 and ₹172.15, respectively. Trading proved volatile, with the stock initially rising to ₹175 (NSE) and ₹176.10 (BSE) before retreating to around ₹166 by midday.

A positive note for small finance banks emerged from the Reserve Bank of India (RBI). The central bank eased lending norms by reducing the mandatory priority sector lending (PSL) requirement by 15 percentage points, effectively lowering it from 75% to 60%.

Meanwhile, Zee Entertainment Enterprises Ltd. (ZEEL) announced its focus on achieving breakeven for its digital business, Z5/Zee5, in the current financial year. The company also stated its intention to create a significant cash reserve to navigate the competitive landscape and address potential market shifts.

Read More