Market Closing Updates,26th June 2025: Sensex closes at 83,755, Nifty at 25,549

Indian equities finished sharply higher on Thursday, 26 June 2025, as the BSE Sensex surged by 1,000.36 points ot 1.21% to settle at  83,755.87, while the NSE Nifty 50 was up by 304.25 points or 1.21% to settle at 25,549.00. Gains were recorded amid healthy global cues, soothing crude prices, and easing geopolitical tensions, the third session of straight gains for the domestic markets.

Global Relief Rally: Crude Cools, Dollar Softens, West Asia Tensions Ease

Markets received solid tailwinds from the global end as Brent crude prices fell and the US dollar softened, inviting foreign institutional flows. A seeming truce between Iran and Israel assisted in moderating the geopolitical risk premium, propelling a worldwide risk asset switch back. Indian equities, especially those with global sensitivities, welcomed this backdrop.

Banking and Financial Stocks Drive the Surge

The financial space also remained in the lead, as the Nifty Bank index surged more than 600 points and made a new all-time high. Private sector lender heavyweights and a few select PSU banks led this phase of the rally, aided by robust credit growth numbers and sound interest rate expectations, bolstering the bullish tone further.

SMS Pharmaceuticals shares surged more than 3.51 percent following the news that the USFDA had approved one of its major manufacturing plants. The regulatory achievement is likely to enhance its footing in regulated markets, particularly in the US, and support export-led revenues in the subsequent quarters.

KNR Constructions declined by 2.34 percent by day's end, even after the company declared a major road development order worth ₹4,800 crore. The order is expected to meaningfully enhance the company's order book and reiterate its execution strength in India's growing infrastructure space.

Dilip Buildcon also saw significant investor interest, by 2.29 percent after announcing provisional completion of a ₹1,060 crore Bharatmala project. The stock responded to the progress made in the project, which indicates strong project execution, an important parameter for EPC players in the government's ambitious highway rollout.

Tejas Networks increased over 3 percent following the company's disclosure of a strategic partnership with Rakuten Symphony of Japan. The partnership will be to co-create advanced telecom solutions, which can potentially help expand Tejas' international presence and make it a leading player in the global telecom equipment market.

Fintech player Pine Labs submitted its draft red herring prospectus for an initial public offering of ₹2,600 crore. The proceeds will be used to repay debt and invest in subsidiaries, the company said. The IPO filing indicates renewed interest in the primary markets, led by high-growth tech-led firms.

Tata Steel has announced an equity infusion of US$180 million into its Singapore-based subsidiary as part of its broader US$2.5 billion investment programme for FY26. The money will be for global operations and is viewed as a move towards financial consolidation and capacity building overseas.

Kotak Mahindra Asset Management launched subscriptions for its latest Silver ETF Fund of Fund, which will be open to investors until 4 July. The initiative is designed to capture the interest of retail investors in precious metals and expand the universe of commodity-linked investment schemes in the domestic market.

Market Breadth Mixed Despite Index Gains

While the benchmarks ended higher, the broader market saw a mixed trend, with some small- and mid-cap stocks declining sharply even as select large-caps rallied. This dispersion reflects underlying caution, with traders remaining selective amid sectoral rotation and profit-booking.

Focus Shifts to Derivatives Expiry and Fed Chair Commentary

With the monthly derivatives expiry due shortly, analysts expect increased volatility in the sessions ahead. Additionally, global markets will be watching the US Federal Reserve Chair’s upcoming testimony for cues on the monetary policy trajectory, which could impact dollar flows and global risk sentiment.

The Nifty 50 is trading 158.90 points or 0.63% up at 25,404.10, while the BSE Sensex is trading 567.18 points or 0.69% higher at 83,326.76.

Global Cues & Market Drivers

Indian stock markets traded higher today, buoyed by easing geopolitical tensions following reports of a ceasefire between Israel and Iran, which helped improve investor sentiment. The Sensex and Nifty extended gains, supported by strength in metal stocks amid a softer US dollar, making commodities more attractive. Additionally, the Reserve Bank of India’s latest bulletin highlighted a resilient domestic economy, with strong performance across services, industry, and agriculture. Recent monetary easing through a 50 bps rate cut and a reduced CRR further reinforced confidence. Continued foreign institutional inflows also lent support to the market, while technical indicators such as the Nifty trading above key moving averages and bullish signals from RSI and MACD pointed to sustained momentum. However, with the monthly derivatives expiry approaching, cautious monitoring of global cues and volatility remains essential.

Top 5 Gainers

1. Jio Financial Services (JIOFIN)

• Opening Share Price: ₹304.80
• Current Share Price (LTP): ₹310.10
• % Change: +2.24%
• Reason:
  Jio Financial Services shares rose after the successful allotment of Jio Payments Bank shares, which reinforced investor confidence in the company’s digital finance expansion. The stock also benefited from strong delivery volumes and continued optimism around its digital lending and wealth management initiatives, as well as its strategic partnerships in the fintech sector.
  

2. Bajaj Finance (BAJFINANCE)

• Opening Share Price: ₹930.00
• Current Share Price (LTP): ₹947.00
• % Change: +2.05%
• Reason:
  Bajaj Finance advanced on expectations of robust quarterly disbursements and asset quality, supported by strong consumer demand and stable macroeconomic indicators. The company’s focus on digital transformation and expansion into new lending segments continues to attract institutional interest.
  

3. Shriram Finance (SHRIRAMFIN)

• Opening Share Price: ₹675.15
• Current Share Price (LTP): ₹684.55
• % Change: +1.40%
• Reason:
  Shriram Finance gained on the back of positive commentary regarding credit growth in the NBFC sector and improving collection efficiencies. The recent easing of borrowing costs and expectations of stable interest rates have further supported sentiment in the stock.

4. Adani Ports (ADANIPORTS)

• Opening Share Price: ₹1,399.00
• Current Share Price (LTP): ₹1,412.50
• % Change: +1.39%
• Reason:
  Adani Ports shares climbed following a rebound in global trade sentiment and easing geopolitical tensions in West Asia, which reduced concerns over supply chain disruptions. The company’s strong operational updates and positive brokerage outlooks also contributed to the upmove.
  

5. Axis Bank (AXISBANK)

• Opening Share Price: ₹1,215.20
• Current Share Price (LTP): ₹1,228.80
• % Change: +1.28%
• Reason:
  Axis Bank advanced as private sector banks saw renewed buying interest after recent consolidation. Improved credit growth trends and expectations of stable asset quality have bolstered investor sentiment toward the banking sector.

Top 5 Losers

1. Dr Reddy’s Laboratories (DRREDDY)

• Opening Share Price: ₹1,326.00
• Current Share Price (LTP): ₹1,316.20
• % Change: -1.89%
• Reason:
  Dr Reddy’s Laboratories declined as investors booked profits after a recent rally. The broader pharma sector faced pressure due to concerns over US FDA inspections at Indian manufacturing units and a cautious outlook on generic pricing in the US market.
  

2. Sun Pharmaceutical Industries (SUNPHARMA)

• Opening Share Price: ₹1,674.80
• Current Share Price (LTP): ₹1,651.70
• % Change: -1.07%
• Reason:
  Sun Pharma shares slipped amid sector-wide weakness and profit booking. Market sentiment was further dampened by reports of pricing pressure in the US generics business and cautious management commentary during recent investor calls.

3. Eicher Motors (EICHERMOT)

• Opening Share Price: ₹5,576.50
• Current Share Price (LTP): ₹5,522.50
• % Change: -0.96%
• Reason:
  Eicher Motors declined as the auto sector faced profit booking after a strong run-up. There were also concerns about subdued export demand and softening rural sales, which weighed on two-wheeler and commercial vehicle manufacturers.
  

4. Hero MotoCorp (HEROMOTOCO)

• Opening Share Price: ₹4,305.90
• Current Share Price (LTP): ₹4,262.50
• % Change: -0.89%
• Reason:
  Hero MotoCorp shares fell as the company reported lower-than-expected monthly sales figures and faced margin pressure due to rising input costs. The broader auto sector also saw rotation out of high-beta stocks.
  

5. State Bank of India (SBIN)

• Opening Share Price: ₹802.00
• Current Share Price (LTP): ₹794.25
• % Change: -0.76%
• Reason:
  SBI shares edged lower amid sectoral consolidation in banking stocks. Investors remained cautious ahead of quarter-end results and amid concerns over rising bond yields, which could impact treasury income.

Read More : Stocks to Watch Today, 26th June 2025

The Indian equity markets opened on a firm note on Thursday, in line with expectations, as the Nifty 50 and Sensex both surged in early trade. Riding on positive domestic cues and expiry-led momentum, the Nifty entered the monthly expiry session and quickly crossed the 25,318 mark, registering its highest level in over eight months. 

It continued to gain strength through the session and as of 9.37 a.m. it was seen trading at 25,366, up by 121 points or 0.48 percent. The Sensex also joined the rally, rising more than 372 points to touch 83,127.93, reflecting a 0.45 percent gain on the day.

Despite a relatively muted performance from global markets overnight, the domestic rally has been well-supported by heavyweight stocks. The top contributors to the Nifty’s rise include Bharti Airtel, which added 17.1 points to the index, followed by HDFC Bank with 13.1 points, Reliance Industries with 11.5 points, ICICI Bank with 5.6 points, and L&T contributing 4.7 points. Together, these five counters have significantly lifted the index as expiry-led positioning and sectoral strength align.

While the Nifty Bank index is also trading in positive territory, its performance has been more subdued, with gains of 0.21 percent. This indicates that while banks are contributing, the rally is being powered more by select heavyweights across telecom, energy, and infrastructure sectors.

Global cues remain thin following the ceasefire between Israel and Iran. That lack of direction was reflected in Wall Street’s performance overnight, where major U.S. indices closed flat but remained close to all-time highs.

Back home, the bullish sentiment has also been reinforced by the Reserve Bank of India’s monthly bulletin, which highlighted the continued resilience of the Indian economy. Meanwhile, a series of stock-specific triggers are in play. Multiple companies have reached the end of their shareholder lock-in periods today, a factor that could increase supply in the short term.

Additionally, large block deals have been lined up in PB Fintech and MobiKwik, attracting heightened interest from institutional investors as the trading window approaches its close.

With the Nifty eyeing the 25,400 mark and the broader market showing strength, all eyes remain on expiry rollovers, sectoral rotation, and the institutional trading pattern that will define the tone for the closing hours.

Global Markets Remain Cautious Amid Geopolitical Calm and Policy Uncertainty

Asian equities opened mixed on Thursday as investors assessed a range of geopolitical and economic uncertainties. The ceasefire between Israel and Iran continues to hold, easing fears of broader disruption in the Middle East and supporting overall sentiment. However, equity markets appeared hesitant, with caution prevailing ahead of key developments on U.S. fiscal and central bank leadership.

MSCI’s broadest index of Asia-Pacific shares outside Japan remained largely flat in early trading, mirroring the pause seen in Wall Street’s rally overnight. In contrast, Japan’s Nikkei climbed 0.9 percent, touching a four-month high, driven by strength in domestic sectors and steady risk appetite.

U.S. markets saw a mixed close on Wednesday. The Nasdaq Composite edged up by around 0.3 percent, driven by a 4 percent gain in Nvidia, which ended at a record closing high and continued to lead the broader AI rally. The S&P 500 hovered near its all-time high during the session but ultimately closed marginally lower, unable to decisively break past its record level. The Dow Jones Industrial Average fell by about 0.3 percent, losing just over 100 points, as investors rotated out of cyclical stocks.

Investor focus has shifted sharply to Washington, where reports emerged that U.S. President Donald Trump is considering replacing Federal Reserve Chair Jerome Powell. According to the Wall Street Journal, Trump may announce a successor by September or October. The list of potential candidates reportedly includes former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Treasury Secretary Scott Bessent.

Currency and Commodity Markets React to Fed Speculation and Ceasefire Stability

The U.S. dollar weakened sharply on Thursday as speculation about leadership changes at the Federal Reserve rattled currency markets. The U.S. Dollar Index (DXY), which tracks the greenback against six major world currencies, dropped to a fresh three-and-a-half-year low near 97.60 during early European trading hours. Concerns over the Fed’s independence and institutional credibility were the primary drivers of the decline.

The euro surged to its strongest level since November 2021, last trading at $1.6805. The Swiss franc climbed to a decade high, while the Japanese yen appreciated 0.35 percent to 144.70 per dollar, highlighting broad-based dollar weakness.

In commodities, oil prices continued their rebound as markets found stability following weeks of volatility. Brent crude futures rose 0.2 percent to $67.82 a barrel, while U.S. West Texas Intermediate crude (WTI) edged up 0.28 percent to $65.10 a barrel. The reduction in geopolitical tension from the Israel-Iran ceasefire has alleviated immediate concerns over oil supply disruptions.

Gold and silver also traded higher, supported by a softening dollar and strong global demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold opened at ₹97,600 per 10 grams, up from its previous close of ₹97,357. By 9:15 AM, it was trading at ₹97,462, gaining ₹105 or 0.11 percent. Silver opened at ₹1,06,405 per kilogram and was last seen trading at ₹1,06,490, up ₹510 or 0.48 percent compared to the previous session.

Overall, the market tone remains tentative as investors balance softening geopolitical risks with emerging uncertainties around U.S. monetary policy leadership and the strength of the global macroeconomic recovery.

Stock to Focus 

Vodafone Idea is in talks to raise $2.9 billion in long-term loans to bolster its network and compete with larger players. SBI is expected to lead the consortium, and the funding will likely include both domestic and overseas components with a 10-year tenure.

Jio Financial Services has infused ₹190 crore into its payments bank subsidiary by subscribing to 190 million equity shares of ₹10 each in Jio Payments Bank Ltd.

Hindustan Unilever announced that Magnum Ice Cream Company HoldCo 1 Netherlands B.V. will acquire 61.9% of Kwality Wall’s India from the Unilever Group. An open offer for public shareholders will follow.

JSW Steel has filed a review petition in the Supreme Court against the rejection of its resolution plan for Bhushan Power and Steel. Lenders including SBI and PNB have also filed similar petitions.

BSE has been fined ₹25 lakh by SEBI for violations related to Regulation 39(3) between February 2021 and September 2022. The exchange said the penalty will not materially affect its operations.

JSW Energy’s subsidiary Energizent Power signed a 25-year PPA with NHPC for 300 MW solar-wind hybrid capacity at ₹3.49/kWh. The project will be executed in Rajasthan and Andhra Pradesh within two years.

Texmaco Rail received a ₹535 crore order from CAMALCO SA for 560 wagons and a 20-year maintenance deal. There's also scope to supply 1,040 more wagons over the next five years.

PB Fintech’s co-founders Yashish Dahiya and Alok Bansal are expected to offload 5.05 million shares (1.1% stake) at ₹1,800 each, valuing the deal at ₹912 crore.

Sun Pharmaceutical’s EU partner, Philogen S.p.A., has withdrawn the marketing authorisation application for its investigational skin cancer drug Nidlegy in the European Union.

Ceat plans to raise up to ₹500 crore via unsecured NCDs through private placement. The move was approved by the company’s Finance and Banking Committee.

Union Bank of India will raise ₹6,000 crore through equity and debt to support growth. The board approved raising up to ₹3,000 crore via public issue in tranches.

Coal India reported an 8.7% year-on-year decline in May coking coal production, which fell to 4.53 million tonnes amid government efforts to reduce coal import dependency.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here