Market Closing Wrap 25th June, 2025: Sensex, Nifty Surge as Ceasefire Spurs Risk-On Rally

Indian equity markets closed sharply higher on June 25, 2025, with the BSE Sensex gaining 700.40 points (0.85%) to settle at 82,755.51 and the Nifty 50 rising 200.40 points (0.80%) to finish at 25,244.75. The indices reached their highest levels since October 2024, propelled by improved global risk appetite following a ceasefire announcement between Israel and Iran and a sharp drop in crude oil prices.

Sectoral Performance and Market Breadth

All major sectors ended in positive territory, led by IT (1.64%), media (1.99%), and auto (0.97%) stocks. The Nifty IT index outperformed, buoyed by strong deal wins and a weaker rupee, which benefits export-oriented technology companies. Media stocks rallied on expectations of higher advertising spends and viewership, while auto shares advanced on hopes of stable input costs and robust demand.

Notably, 2,711 shares advanced, 1,163 declined, and 127 remained unchanged on the BSE, reflecting broad-based participation in the rally. However, there was a divergence in the broader markets: while small-cap stocks outperformed with a 1.49% gain, mid-caps lagged the frontline indices.

Key Gainers and Losers

Among the top gainers on the Nifty were Titan Company, Infosys, Mahindra & Mahindra, Grasim Industries, and JSW Steel. These stocks benefited from positive sectoral trends and strong earnings prospects. On the downside, Bharat Electronics, Kotak Mahindra Bank, Eicher Motors, Axis Bank, and ONGC were among the notable losers. Bharat Electronics, in particular, faced profit booking as defence stocks corrected after the ceasefire announcement.

Currency and Commodity Market Moves

The Indian rupee traded flat near ₹86.10 after a sharp rally of over 0.75% in the previous session, taking a breather within a narrow range of ₹86.00-₹86.15. Market participants are now eyeing upcoming triggers from the US, including the PCE Price Index and GDP data, which could influence the rupee’s trajectory in the coming days. The currency is expected to trade in a range of ₹85.70 to ₹86.25.

Crude oil prices fell sharply after the ceasefire announcement, with Brent crude dropping over 15% at one point. The decline in oil prices provided relief to import-sensitive sectors and supported the rupee’s recent gains.

Broader Market and IPO Activity

The BSE Midcap index rose for the fourth consecutive session, while small-cap stocks outperformed, reflecting continued investor appetite for risk assets. Endurance Technologies, Kalyan Jewellers, Delhivery, Aarti Industries, and Clean Science were among the top mid-cap and small-cap gainers.

IPO activity remained brisk, with HDB Financial Services’ ₹12,500 crore issue opening for subscription. On Day 1, the IPO was subscribed 0.22 times overall, with the retail portion at 0.21 times and the employee quota at 1.25 times. The strong anchor book and positive market sentiment are expected to support subscription levels in the coming days.

Market Outlook and Technical View

Analysts note that the Nifty 50 has given a decisive close above the 25,100 mark, which is now expected to act as immediate support. With the current momentum, the index appears poised to test the 25,350-25,450 zone in the near term. The Sensex, meanwhile, has reclaimed the 82,000 level and is within striking distance of its all-time high.

Investors remain cautious about renewed geopolitical tensions, as reports of ceasefire violations have capped some of the initial euphoria. However, the overall market sentiment remains positive, supported by strong global cues, a softer US dollar, and lower Treasury yields.

Conclusion

Indian equity markets closed at multi-month highs on June 25, 2025, as a ceasefire between Israel and Iran eased geopolitical tensions and triggered a risk-on rally. The indices were led by IT, media, and auto stocks, while small-caps outperformed mid-caps. The rupee traded flat after a recent rally, and crude oil prices fell sharply. With the Nifty 50 firmly above 25,100, the market outlook remains positive, though investors will continue to monitor global developments and domestic cues for further direction.

The Nifty 50 is trading 211.75 points or 0.85% up at 25,256.10, while the BSE Sensex is trading 729.57 points or 0.89% up at 82,782.69.

Global Cues and Market Outlook

A ceasefire announcement between Iran and Israel has boosted investor sentiment, triggering a sharp drop in crude oil prices-Brent fell over 15%-and easing geopolitical uncertainty, which supported gains in the rupee and Indian equities. However, fresh tension due to ceasefire violations capped much of the initial rally, and markets remained cautious .A softer US dollar and lower Treasury yields also supported sentiment, but elevated IPO and secondary issue activity (with nearly ₹1.75 bn worth launching this week) raises concerns around over-supply and potential corrections. Finally, the RBI’s liquidity withdrawal measures and a slight dip in US yields helped stabilise the rupee near ₹85.8/$, reinforcing positive risk appetite.

In short, today’s market performance reflects a mix of optimism from geopolitical relief and macro stability, tempered by volatility from renewed tensions and growing equity supply.

Top 5 Gainers in the Market 

1. Titan Company (TITAN)

• Opening Price: ₹3,550.00
• Current Price: ₹3,650.20
• % Change: +3.52%
• Reason:
  Titan shares surged after the company reported robust Q1 jewellery sales and strong demand in its watches and eyewear segments. The market responded positively to management commentary on continued premiumisation and expansion into new retail formats.
  

2. Infosys (INFY)

• Opening Price: ₹1,590.00
• Current Price: ₹1,616.00
• % Change: +2.18%
• Reason:
  Infosys gained after announcing a major digital transformation deal with a leading European bank, boosting investor confidence in its large-deal pipeline. Positive cues from US tech stocks and a weaker rupee, which benefits exporters, also supported the upmove.
  

3. Tech Mahindra (TECHM)

• Opening Price: ₹1,689.80
• Current Price: ₹1,708.70
• % Change: +1.88%
• Reason:
  Tech Mahindra advanced on news of a strategic partnership with a global telecom operator to accelerate 5G rollout and digital services. The IT sector broadly benefited from renewed optimism on global tech spending and favourable currency movements.
  

4. Tata Consumer Products (TATACONSUM)

• Opening Price: ₹1,107.70
• Current Price: ₹1,128.00
• % Change: +1.83%
• Reason:
  Tata Consumer Products rose after the company announced the launch of new health-focused beverage products and reported strong rural demand recovery. The FMCG sector saw buying interest on expectations of improved monsoon and rural consumption.
  

5. Wipro

• Opening Price: ₹265.90
• Current Price: ₹269.50
• % Change: +1.71%
• Reason:
  Wipro shares climbed after the company secured a multi-year IT services contract from a major US healthcare provider. The broader IT rally, driven by positive global cues and a weaker rupee, further supported the stock.

Top 5 Losers in the Market

1. Bharat Electronics Limited (BEL)

• Opening Price: ₹420.30
• Current Price: ₹410.15
• % Change: -2.00%
• Reason:
  BEL shares declined as defence stocks came under pressure following signs of de-escalation in the Middle East conflict, prompting profit booking after a recent rally. The ceasefire between Israel and Iran led investors to rotate out of defence counters, which had surged on geopolitical tensions.
  

2. Kotak Mahindra Bank (Kotak Bank)

• Opening Price: ₹2,223.00
• Current Price: ₹2,206.90
• % Change: -0.75%
• Reason:
  Kotak Bank shares slipped amid sector-wide consolidation in private banks. Investors reacted to cautious commentary from the Reserve Bank of India regarding credit growth and asset quality, alongside profit booking after recent gains.
  

3. Axis Bank

• Opening Price: ₹1,226.30
• Current Price: ₹1,214.90
• % Change: -0.52%
• Reason:
  Axis Bank saw mild selling pressure as the banking sector faced a pause in momentum. The decline was also attributed to subdued FII flows and sector rotation into IT and FMCG stocks, following a strong run in financials.

4. Eicher Motors

• Opening Price: ₹5,632.00
• Current Price: ₹5,601.00
• % Change: -0.50%
• Reason:
  Eicher Motors declined as auto stocks faced profit booking after recent outperformance. Concerns over input cost pressures and cautious management commentary on export demand also weighed on sentiment.

5. ICICI Bank

• Opening Price: ₹1,422.00
• Current Price: ₹1,422.60
• % Change: -0.11%
• Reason:
  ICICI Bank remained largely flat with a marginal decline, reflecting sector-wide consolidation and lack of fresh triggers. The stock tracked the broader banking index, which saw muted activity amid mixed global cues.

As of 9:37 AM, Indian equity benchmarks are trading firm, following strong global cues and easing geopolitical tensions. The Nifty 50 is up 103.40 points (0.41%) at 25,147.70, while the Sensex has gained 363.13 points (0.44%) to 82,418.20, reclaiming the 82,000-mark in early trade.

The economic sentiment is receiving a boost from macro developments as the Finance Minister has indicated that India’s trade negotiations with the United States and European Union are nearing conclusion, and assured continued policy support for exporters. 

Separately, S&P Global Ratings has upgraded India’s GDP growth forecast for FY26 by 20 basis points to 6.5 percent, citing resilient domestic demand and improved external stability. The Reserve Bank of India is scheduled to conduct a ₹1 trillion seven-day Variable Rate Reverse Repo (VRRR) auction on Friday, as it looks to absorb excess liquidity from the banking system.

In the domestic data print, credit card spending rose 14.5 percent year-on-year in May 2025, reaching ₹1.89 trillion, according to RBI data released yesterday. Meanwhile, global retailer Walmart reaffirmed its plans to scale annual sourcing from India to $10 billion by 2027, reflecting continued global interest in India’s manufacturing and supply ecosystem.

Global Markets Open Cautiously as Middle East Tensions Ease

Overnight, US markets closed sharply higher. The Nasdaq Composite rose 1.26 percent to end at 18,191.32, marking its first record high in over four months. The S&P 500 advanced 0.98 percent to settle at 5,532.47, while the Dow Jones Industrial Average gained 1.30 percent to close at 39,512.12. 

The rally was underpinned by renewed optimism surrounding geopolitical stability and the US Federal Reserve’s cautious tone on rate decisions. Fed Chair Jerome Powell reiterated the central bank’s data-dependent stance, leaving room open for a potential rate cut as early as July.

Across Asia, market performance was mixed in early Wednesday trade. Japan’s Nikkei 225 was up 0.11 percent, while the broader Topix index slipped 0.13 percent. South Korea’s Kospi advanced 0.31 percent, whereas the Kosdaq declined by 0.21 percent. Australia’s S&P/ASX 200 was largely flat, as investors weighed the implications of the ceasefire and commentary from the Federal Reserve.

Commodities Ease as Geopolitical Tensions Subside; Gold Drops to Two-Week Low, Crude Slips Sharply

Commodity markets reacted strongly to the improving geopolitical backdrop. Spot gold fell 1.5 percent to $3,316.80 per ounce, while US gold futures settled 1.8 percent lower at $3,333.90. Analysts noted that the de-escalation in the Middle East had significantly reduced safe-haven demand, pushing gold prices to a two-week low. 

Crude oil prices also declined for a second straight session. US WTI crude settled 6 percent lower at $64.37 per barrel, while Brent crude dropped 6.1 percent to $67.14 per barrel. The decline followed signs that the Israel-Iran ceasefire would hold and as the risk of disruption to oil infrastructure receded. 

The Indian rupee appreciated by 75 paise against the US dollar to close at 86.03, supported by easing oil prices and a weaker greenback. The US Dollar Index (DXY) is now trading at 97.65, marginally above its June low of 97.61.

Stock to Focus 

Union Bank of India: The government has cancelled the appointment of Pankaj Dwivedi as Executive Director. Dwivedi was appointed in March 2024 from Punjab & Sind Bank.

Hindalco Industries: The Aditya Birla Group company will acquire 100% equity in US-based AluChem for $125 million via its subsidiary Aditya Holdings LLC. The deal is expected to close in the next quarter.

Vodafone Idea: The telecom operator clarified it has not received any formal communication from the government regarding AGR dues relief on its ₹84,000 crore liability, countering media speculation.

Tata Motors: The company confirmed that Chinese restrictions on rare-earth magnet exports have not impacted its operations. It is exploring alternative sourcing and technologies.

Glenmark Pharmaceuticals: Launched Tevimbra, a lung cancer treatment drug developed by BeiGene, in India. The launch follows CDSCO regulatory approval.

Aurobindo Pharma: Subsidiary CuraTeQ Biologics received UK MHRA approval for Dyrupeg, a biosimilar of pegylated filgrastim. This is its third biosimilar approval in 2025.

Sterlite Technologies: Secured an arbitral award worth ₹11.12 crore from BSNL in a dispute over unpaid AMC charges for GPON equipment supplied in North India.

JB Chemicals & Pharmaceuticals: Received USFDA approval for its ANDA for Amitriptyline Hydrochloride Tablets (10–150 mg), a generic antidepressant.

BLS E-Services: Through subsidiary Zero Mass, signed a definitive agreement to acquire CSP networks of SBI and HDFC Bank for ₹6.5 crore, expanding last-mile financial services.

Himadri Speciality Chemical: Approved a 16.24% equity stake purchase in US-based International Battery Company for $4.43 million, via a mix of secondary and primary share investment.

RITES Ltd: Received a Letter of Intent from Gujarat Urban Development Company for a ₹28.5 crore contract to provide third-party inspection services under AMRUT 2.0 and SJMMSVY initiatives over five years.

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