Bulls bet big! Sensex races 1,000 points, Nifty ends June series above 25,500; banks, metals shine

Nifty 50 ended the fourth consecutive series in the green.

Dalal Street saw extended optimism on Thursday, June 26, as investors poured their capital into the equity markets. Nifty 50 topped the 25,500 mark for the first time in 2025, while Sensex jumped over 800 points, led by strong buying interest. The June Nifty series ended today, marking four series of consecutive gains.

At close the Sensex was up 1,000.36 points or 1.21 percent at 83,755.87, and the Nifty was up 304.25 points or 1.21 percent at 25,549.00. About 1983 shares advanced, 1855 shares declined, and 151 shares unchanged.

The markets found strong positivity from the falling dollar. The greenback traded under the 97-mark, at its lowest level since March 2022. The fall in crude prices also supported the positive sentiment. The falling commodity and currency are likely to continue to buoy optimism, as a risk-on mood take hold of global markets.

The broader markets were also in the green, with the key gauges, Nifty Midcap 100 and Nifty Smallcap 100 gaining half a percent each. However, they underperformed the benchmarks, that rallied over one percent, indicating that participants decided to bet big on the equity frontlines.

On the sectoral front, Nifty Metal led the gainers with a sharp rise of 2.2 percent, followed by Nifty Infra, which climbed 1.3 percent, and Nifty Energy, up 0.8 percent. Nifty FMCG and PSU Bank also traded in the green with modest gains. On the other hand, Nifty Realty and Nifty Media saw notable declines of 1.1 percent and 1 percent, respectively.

Banking stocks rallied sharply, driving the Nifty Bank index to a new all-time high of 57,222.80 with the momentum largely fuelled by strong buying in private sector banks. Leading the gains were heavyweights HDFC Bank and Axis Bank.

Further, metal stocks continued their upward trend for the fifth consecutive session, supported by a weaker US dollar that boosted investor sentiment. The Nifty Metal index rose nearly 1 percent during the day and has gained around 4 percent over the last five sessions.

"With ceasefire between Israel and Iran, globally markets are in a risk-on mode. But since the reciprocal tariff issue remains to be addressed, sustained rally would be difficult. The market focus in the near-term will be on what transpires around July 9th when the 90-day pause of the reciprocal tariff ends," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

On the technical front, a breakout above 25,320 could open the gates for further upside towards 25,400 and eventually 25,500 on the expiry day, said Sameet Chavan, Head Research, Technical and Derivative - Angel One. On the downside, support is seen around 25,125 followed by the psychological level of 25,000.