Market Closing Today: Sensex Tops 84,000 as Indices Extend Rally; Oil & Gas Outperforms

Indian benchmark indices closed higher for the fourth straight session on June 27, 2025, with the BSE Sensex settling above the 84,000 mark for the first time since October 2024. The Sensex ended at 84,058.90, up 303.03 points or 0.36%, while the Nifty 50 advanced to 25,637.80, gaining 88.80 points or 0.35%. The rally was underpinned by optimism over a possible relaxation in US tariff deadlines and continued foreign institutional investor (FII) inflows.

Broader Market and Sectoral Performance

The broader market indices outperformed frontline benchmarks, with the Nifty Midcap index rising 0.27% and the Nifty Smallcap index adding 0.91%. Sectorally, Nifty Oil and Gas led the gains, rising over 1.19%, followed by Nifty PSU Bank 0.47% and Nifty Media 0.23%. Nifty Realty and IT were the only sectors in the red.

Among individual stocks, Asian Paints, Power Grid, Reliance Industries, UltraTech Cement, Adani Ports, and Larsen & Toubro were among the top gainers. HDFC Bank, Bajaj twins (Bajaj Finance and Bajaj Finserv), Kotak Bank, Titan, and Ethos (Eternal) featured as top losers.

Market Breadth and Liquidity

Market breadth was positive, with 2,089 stocks advancing, 1,276 declining, and 127 remaining unchanged during the session. The Nifty Next 50 index, which tracks the next 50 largest companies after the Nifty 50, gained 0.52% to close at 68,648.25, reflecting broad-based participation.

Currency and Liquidity Update

The Indian rupee strengthened further, trading at ₹85.51 per US dollar, up from the previous close of ₹85.70. The Reserve Bank of India (RBI) conducted a seven-day variable rate reverse repo (VRRR) auction, withdrawing ₹84,975 crore from the banking system to manage surplus liquidity and stabilise overnight rates.

IPO and Corporate Developments

The HDB Financial Services IPO was subscribed 6 times by the end of day three, with the qualified institutional buyer (QIB) portion booked 14 times, signalling strong investor appetite. In corporate news, Sobha announced an ₹800 crore investment in a luxury housing project in Greater Noida, while Mahindra Lifespace Developers was appointed as the developer for a ₹1,250 crore project in Mumbai.

Sector Spotlight: Oil & Gas and Banking

Oil & Gas: The sector outperformed, with Reliance Industries and Oil India leading gains. Lower crude prices and strong domestic demand supported the rally.

Banking: PSU banks continued their upward momentum, while private banks saw some profit booking, especially in HDFC Bank and Kotak Bank.

Conclusion

Indian equities closed the week on a strong note, with the Sensex reclaiming the 84,000 level and the Nifty 50 closing above 25,600. Robust FII inflows, optimism over US tariff policy, and a sharp drop in crude oil prices drove gains across most sectors. The broader market outperformed, and the rupee strengthened further. With the HDB Financial Services IPO attracting strong interest and key corporate announcements, investor sentiment remains positive heading into the next trading week.

The Nifty 50 is trading 78.30 points or 0.31% up at 25,627.30, while the BSE Sensex is trading 195.52 points or 0.23% up at 83,954.89.

Global Cues and Market Outlook

India’s benchmarks showed modest movement as gains in metals, IT, and mid-caps were offset by weakness in financials and banks. The Nifty 50 edged up, driven by positive global sentiment-easing Middle East tensions, a softer US dollar, and lower oil prices.

However, top financial stocks gave back some early gains, with banks retreating after recent highs. At the same time, a fresh wave of promoter and private equity share sales-nearly ₹1 lakh crore over two months, is applying supply pressure, though strong institutional demand is cushioning the impact. Looking ahead, macro drivers like expectations of a US Fed rate cut and the passage of June futures and options contracts are lending technical support to the market, with brokers forecasting new index highs soon.

On the flip side, stretched valuations benchmarks trading near record levels have triggered profit-taking in select pockets.

Top Gainers in the Market

1. Jio Financial Services (JIOFIN)

• Opening Price: ₹314.10
• Current Price: ₹328.30
• % Change: +5.06%
• Reason: Jio Financial Services continued its strong momentum following the successful completion of Jio Payments Bank share allotment and positive investor sentiment around the company's digital finance expansion strategy. The stock has benefited from strong institutional interest and optimism about its fintech partnerships and digital lending capabilities.

2. IndusInd Bank (INDUSINDBK)

• Opening Price: ₹836.00
• Current Price: ₹872.60
• % Change: +4.37%
• Reason: IndusInd Bank surged on renewed optimism in the private banking sector, driven by expectations of stable net interest margins and improving asset quality. The bank's focus on digital transformation and corporate banking expansion has attracted positive brokerage coverage, with analysts highlighting its strong capital adequacy and growth potential in the current interest rate environment.

3. Power Grid Corporation (POWERGRID)

• Opening Price: ₹295.00
• Current Price: ₹298.50
• % Change: +1.70%
• Reason: Power Grid Corporation gained on the back of increased government focus on renewable energy transmission infrastructure and expectations of higher capex allocation for grid modernisation. The company's role in India's green energy transition and consistent dividend track record have made it attractive to income-focused investors.

4. Adani Enterprises (ADANIENT)

• Opening Price: ₹2,587.70
• Current Price: ₹2,628.00
• % Change: +1.62%
• Reason: Adani Enterprises rose following positive developments in the group's various business verticals, including airport operations and renewable energy projects. The easing of geopolitical tensions in West Asia has also supported the stock, as it reduces concerns about global supply chain disruptions affecting the conglomerate's diverse operations.

5. Asian Paints (ASIANPAINT)

• Opening Price: ₹2,283.00
• Current Price: ₹2,326.60
• % Change: +1.61%
• Reason: Asian Paints advanced on expectations of improved demand in the decorative paints segment, supported by the upcoming festive season and recovery in rural markets. The company's market leadership position and recent product launches in the premium segment have strengthened investor confidence about its pricing power and margin sustainability.

Top 5 Losers in the Market 

1. Grasim Industries (GRASIM)

• Opening Price: ₹2,896.00
• Current Price (LTP): ₹2,848.90
• % Change: -1.19%
• Reason:
  Grasim Industries declined as investors booked profits following a recent rally in the stock. The broader market saw some rotation out of industrial and materials stocks amid concerns over global commodity price volatility and cautious guidance on near-term demand from management in recent sector updates.

2. Dr. Reddy’s Laboratories (DRREDDY)

• Opening Price: ₹1,328.90
• Current Price (LTP): ₹1,305.90
• % Change: -1.18%
• Reason:
  Dr. Reddy’s shares fell as the pharmaceutical sector faced renewed selling pressure due to concerns over US FDA inspections at Indian manufacturing sites and persistent pricing pressure in the US generics market. Recent news flows have highlighted regulatory scrutiny in the sector.

3. Bajaj Finance (BAJFINANCE)

• Opening Price: ₹950.00
• Current Price (LTP): ₹940.50
• % Change: -1.16%
• Reason:
  Bajaj Finance declined after recent highs, as investors reacted to sectoral rotation and cautious commentary around consumer lending growth and asset quality. The NBFC space has also seen some profit booking after a period of strong performance.

4. Ethos Limited (ETERNAL)

• Opening Price: ₹266.49
• Current Price (LTP): ₹262.39
• % Change: -1.05%
• Reason:
  Ethos shares slipped amid broader weakness in discretionary retail and luxury segments, with investors cautious ahead of quarterly earnings. The sector has seen muted demand signals and some profit-taking after recent gains.

5. Bajaj Finserv (BAJAJFINSV)

• Opening Price: ₹2,060.00
• Current Price (LTP): ₹2,031.70
• % Change: -1.02%
• Reason:
  Bajaj Finserv witnessed a decline as financial stocks faced mild selling pressure due to sector-wide profit booking and concerns over regulatory changes impacting insurance and lending businesses. The stock also tracked the broader weakness in NBFCs and insurance peers.

On the final trading day of the week - and notably, the penultimate session for both the June month and the April-June quarter - the Indian equity markets opened on a muted note, diverging from the gap-up indicated by GIFT Nifty earlier this morning.

As of 10.07AM, the Nifty 50 is trading marginally higher by 10.20 points or +0.04% at 25,559.20, while the BSE Sensex is up 40.03 points or +0.048%, quoting 83,795.90.

Despite buoyant global sentiment and strong overnight cues from Wall Street and Asia, investors appear to be cautious at the open, possibly looking to book profits or await clearer signals ahead of month- and quarter-end positioning.

Asian Stocks Trade Higher as White House Tariff Flexibility Lifts Sentiment; Wall Street Closes Strong Ahead of Key U.S. Data

Asian equity markets opened on a positive note Friday, mirroring the strong finish on Wall Street overnight. Investor sentiment was buoyed after the White House signaled a more flexible stance on looming tariff deadlines, easing trade tensions and sparking a global risk-on move.

White House spokesperson Karoline Leavitt stated that the July 8 tariff deadline is “not critical” and may be extended at the President’s discretion. The date had been marked as the start of “liberation day” tariffs following a 90-day suspension. A separate July 9 deadline for a potential trade agreement with the European Union also looms, which, if missed, could trigger 50 per cent duties on key goods.

In Asia, Japan’s Nikkei 225 rose 1.22 per cent, extending its five-month high achieved in the previous session. The Topix index was also up 1.1 per cent. Meanwhile, data showed that Tokyo’s core consumer price index, excluding fresh food and fuel, rose 3.1 per cent year-on-year in June, cooling from May’s 3.6 per cent and coming in below expectations of 3.3 per cent—a sign of easing inflationary pressure.

South Korea’s Kospi and Australia’s ASX 200 both posted modest gains of 0.4 per cent in early trading.

In the U.S., equity futures remained flat in early Asian hours as investors awaited a slate of macroeconomic data due later in the day, including inflation, personal income and spending, and consumer sentiment figures.

Overnight, U.S. markets rallied across the board. The S&P 500 climbed 0.8 per cent to 6,141.02, taking its weekly gain to 2.9 per cent, just shy of its record intraday high of 6,147.43. The Nasdaq Composite advanced 0.97 per cent to 20,167.91, while the Dow Jones Industrial Average added 404.41 points, or 0.94 per cent, to settle at 43,386.84.

Crude Prices Inch Higher on U.S. Demand, China Stimulus Hopes; Gold Slips on Stronger Dollar, Geopolitical Relief; Rupee Gains for Second Day

Global crude oil prices edged higher on Friday amid signs of strengthening demand in the United States and renewed optimism surrounding economic stimulus measures in China, the world’s second-largest oil consumer.

As of 8:00 AM IST, the August Brent crude contract on the Intercontinental Exchange was trading at $68.14 per barrel, up 0.61% from its previous close. Meanwhile, the August WTI crude on the NYMEX rose 0.66% to $65.67 a barrel, signaling modest bullish sentiment in the energy markets.

In contrast, gold prices opened sharply lower on the Multi Commodity Exchange (MCX), mirroring a global decline in bullion prices. A mild uptick in the US dollar and the recent ceasefire between Israel and Iran weighed on safe-haven demand. MCX gold August futures opened 0.85% lower at ₹96,261 per 10 grams, compared to Thursday’s close of ₹97,087. Silver July futures were also slightly down at ₹1,06,629 per kg.

As of 9:10 AM IST, gold prices had slipped further to ₹96,141, down ₹946 or 0.97%, while silver dropped ₹482 or 0.45% to ₹1,07,415 per kg. In the international market, spot gold was down 0.4% at $3,313.23 per ounce, on course for a second consecutive weekly decline with a cumulative loss of 1.7%. US gold futures were lower by 0.7% at $3,325.70, while spot silver remained steady at $36.63 per ounce.

Meanwhile, the Indian rupee extended gains for the second straight session, bolstered by soft US economic data and an easing of geopolitical tensions. The currency opened 21 paise stronger at 85.50 per dollar, after closing at 86.71 on Thursday, according to Bloomberg data. It is now headed for its best weekly performance in several weeks, supported in part by the recent decline in crude prices following the Middle East ceasefire.

Despite the improvement, the rupee has still depreciated by 0.2% this month, ranking among the worst-performing Asian currencies. Analysts expect the unit to continue appreciating toward 85.50, with near-term movement likely within the 85.35 to 85.50 range.

Stock to focus 

New India Assurance CompanyThe state-run insurer has received a GST show cause notice of ₹2,298 crore for five financial years from the Mumbai-South GST office, dated 26 June 2025.

Tata Power has applied for electricity distribution licences in key growth hubs across Maharashtra, including Mumbai, Pune, Nashik, and Sambhaji Nagar, aiming to expand its market footprint.

Arkade Developers The Mumbai-based real estate firm has secured redevelopment rights for a 1.1-acre society in Goregaon West, unlocking revenue potential of ₹350 crore with 86,000 sq. ft. of saleable area.

Hitachi Energy India has bagged a transformer supply order from Power Grid Corporation, covering 30 units of 765 kV transformers capable of serving 30 million households.

AstraZeneca The biopharmaceutical firm has inaugurated a ₹166 crore Global Hub in Bengaluru to drive AI-based healthcare solutions, creating 400 new jobs and housing 1,300 employees.

HCL Technologies has launched Salesforce Agentforce services to accelerate digital transformation through orchestration and implementation across industry verticals.

NTPC will commence operations of its 660 MW Unit #3 at Barh Stage-I from 1 July 2025, pushing standalone capacity to 60,978 MW and group capacity to 82,080 MW.

Premier Energies has commissioned a 1.2 GW TOPCon solar cell line at Hyderabad’s Fab City, with cell efficiency exceeding 25%, placing it among India’s top solar tech providers.

UltraTech Cement has started operations at a 1.8 mtpa cement grinding unit in Maihar, Madhya Pradesh, expanding its total domestic grey cement capacity to 186.86 mtpa.

Power Mech Projects has won a solar project order from Bihar State Power Generation Co. under the PM-KUSUM C2 scheme, with PPA-linked revenue of ₹159 crore over 25 years.

Western Carriers The company secured a ₹230 crore logistics contract from Jindal Stainless Ltd for EXIM operations, including container movement and last-mile delivery over three years.

Read More : Stocks to Watch Today, 27th June 2025

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