Closing Bell: Nifty above 25,600, Sensex up 303 points; mid, smallcaps gain

Indian equity indices ended on strong note with Nifty above 25,600 on June 27 amid buying across the sectors barring IT and realty. At close, the Sensex was up 303.03 points or 0.36 percent at 84,058.90, and the Nifty was up 88.80 points or 0.35 percent at 25,637.80.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Monday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

After witnessing an excellent upside breakout on Thursday, Nifty continued to show follow-through upmove on Friday amidst range movement and closed the day higher by 88 points. After opening with a positive note, the market continued to move up gradually in early to mid-part of the session. The narrow range movement continued in the later part and Nifty closed at the highs.

A long bull candle was formed on the daily chart which indicates uptrend continuation post decisive break out of the range movement. Nifty on the weekly chart formed a long bull candle after a range bound action of the last five weeks. This is positive indication and signals more upside for the near term.

The underlying trend of Nifty continues to be positive. The next upside to be watched around 25800-26000 levels by next week. Immediate support is placed at 25400.

Markets edged higher on Friday, extending the ongoing uptrend and ending the session with modest gains. After a flat start, the Nifty gradually moved up during the first half, followed by a range-bound phase until the close. It eventually settled near the day’s high at 25,637.80.

On the sectoral front, most indices contributed to the up move, with energy and pharma emerging as the top gainers. The broader indices also maintained their positive momentum, posting gains in the range of 0.3% to 0.86%.

The recent geopolitical stability has improved risk sentiment, as seen in the broad-based market participation. Moreover, positive developments around potential trade agreements could further strengthen the bullish bias. We continue to recommend a “buy on dips” strategy on the index, with an emphasis on selective stock picking for better opportunities.

The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before 25,750–25,800, the index may continue its upward trajectory. However, the rally might not be sharp, and it could take time to reach the 25,800 mark.

A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation.

Key catalysts like the ceasefire in the Middle East and optimism on easing trade tensions ahead of the deadline have cleared the clouds in the minds of investors. After consecutive days of selling, FIIs have turned net buyers in the domestic market, contributing to improved market stability in the near term. Moreover, benign oil prices and a strengthening INR influenced investors to focus on domestic growth themes. Expectations of accelerating earnings, driven by resilient consumption and a relatively stable macroeconomic backdrop, are further reinforcing optimism.

#1Market ends with gains for the second straight week

#2 Frontline indices rise more than 2 percent each for the week, Nifty Bank hits record high

#3 Broader market outperforms with Nifty Small Cap rising more than 4 percent for the week

Today, the Indian stock market closed with a positive bias, reflecting investor optimism amid easing global tensions and favorable domestic cues. The BSE Sensex ended higher by approximately 303 points, closing around 84,058, while the NSE Nifty50 gained about 88 points to settle near 25,637. The market's upside momentum was primarily driven by strong performances in sectors such as Oil & Gas, PSU Banks, with Nifty Oil & Gas index rising over 0.5%.

The positive close was supported by hopes of a potential relaxation in US tariff deadlines, improved global market sentiments, and easing geopolitical tensions in the Middle East, which boosted risk appetite among investors.

Additionally, the Indian rupee strengthened against the dollar, trading at around 85.51, further aiding market sentiment. Domestic factors such as robust IPO subscription rates, including HDB Financial Services and Sambhv Steel Tubes, also indicated sustained investor interest.

Indian rupee ended 21 paise higher at 85.49 per dollar on Friday versus Thursday's close of 85.70.

Indian equity indices ended on strong note with Nifty above 25,600 on June 27 amid buying across the sectors barring IT and realty.

At close, the Sensex was up 303.03 points or 0.36 percent at 84,058.90, and the Nifty was up 88.80 points or 0.35 percent at 25,637.80. About 2135 shares advanced, 1727 shares declined, and 140 shares unchanged.

BSE Midcap index rose 0.4 percent and smallcap index gained 0.5 percent.

Among sectors, except consumer durables, IT and realty, all other indices ended in the green with Capital Goods, Healthcare, oil & gas, power, telecom, PSU Bank up 0.5-1 percent.

Jio Financial, IndusInd Bank, Adani Enterprises, Asian Paints, Apollo Hospitals were among major gainers on the Nifty, while losers were Trent, Dr Reddy's Labs, Eternal, Wipro, Tata Consumer.

Market capitalisation stands at Rs 49,330.76 crore.

It has touched a 52-week high of Rs 6,499.

Indian Rupee rose by nearly 24 paise on extended rally in the domestic markets and a weak US Dollar. The US Dollar fell on disappointing GDP data from the US. US Q1 2025 GDP unexpectedly contracted by 0.5% vs -0.2% in the previous estimates. However, a slight recovery in crude oil prices capped sharp gains.

We expect Rupee to gains on rise in risk appetite in global markets on easing of geopolitical risks amid ceasefire between Iran and Israel. Weak US Dollar, weak tone in crude oil prices and rising global markets may also support the Rupee at lower levels. However, any violation of the ceasefire may pressurise the Rupee at lower levels.

Traders may take cues from core PCE price index data from the US. USDINR spot price is expected to trade in a range of Rs 85.15 to Rs 85.80.

#1 Company aims for 22-25 percent revenue CAGR, fashion breakeven in FY26

#2 India’s BPC market is estimated at USD 24 bn in FY25

#3 Forecast BPC to reach USD 40–45 billion by FY30 (CAGR of 10-12 percent)

#4 Online BPC business CAGR would be much higher at 23-25 percent

#5 India’s fashion market is estimated at USD 100 bn

#6 Fashion market is expected to grow to USD 185-200 billion by FY30 at a 10-12 percent CAGR

#7 Much higher, 22-25 percent CAGR for online fashion expected

#8 Expect revenue growth of 26 percent/25 percent for FY26/27

The share touched a 52-week high of Rs 3,778.00 and a 52-week low of Rs 1,917.95 on 29 May, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 16.24 percent below its 52-week high and 64.99 percent above its 52-week low.

Market capitalisation stands at Rs 127,643.55 crore.

QIB – 33.04 times

NII – 9.26 times

Retail – 1.24 times

Employee – 4.83 times

Shareholder – 3.88 times

Overall – 10.91 times

The Sensex was up 258.91 points or 0.31 percent at 84,014.78, and the Nifty was up 82.25 points or 0.32 percent at 25,631.25. About 1954 shares advanced, 1556 shares declined, and 107 shares unchanged.

Patil Automation has received a purchase order from an Indian Corporate to design, development, Manufacturing and supply of fully automated 3GWh Battery Pack Assembly Line for a total consideration of Rs. 19.31 crore.

QIB – 27.64 times

NII – 25.40 times

Retail – 6.08 times

Employee – 3.49 times

Overall – 16.29 times

Indian rupee is trading 19 paise higher at 85.51 per dollar versus Thursday's close of 85.70.

#1 Company expects a mid-20 percent (FY25-30) CAGR for the BPC vertical GMV (we forecast 23 percent)

#2 Fashion business NSV to grow 3-4x within five years (we estimate less than 2x)

#3 Fashion business EBITDA margin of 0 percent/mid-to high single-digit/10 percent for FY26/FY28/steady state

#4 If Nykaa executes to its potential, believe there could be significant earnings upgrades

The Sensex was up 246.31 points or 0.29 percent at 84,002.18, and the Nifty was up 83.50 points or 0.33 percent at 25,632.50. About 1994 shares advanced, 1459 shares declined, and 137 shares unchanged.

Indian rupee is trading higher at 85.51 per dollar versus Thursday's close of 85.70.

QIB – 12.68 times

NII – 7.21 times

Retail – 1.06 times

Employee – 4.43 times

Shareholder – 3.23 times

Overall – 5.36 times

The share touched a 52-week high of Rs 3,394.00 and a 52-week low of Rs 2,125.00 on 16 September, 2024 and 05 March, 2025, respectively.

Currently, the stock is trading 30.99 percent below its 52-week high and 10.22 percent above its 52-week low.

Market capitalisation stands at Rs 224,663.31 crore.

#1 Bad weather, more competition don’t justify a 28 percent drop in company’s equity value

#2 Company is trading at a 20 percent discount to the CPG average PE multiple

#1 Management focus remains on sustainable growth by adding quality customers

#1 Company hopeful of 20 percent hike in tariffs that PNGRB is likely to notify in its next board meet

#2 Expect a 10 percent hike in tariffs

#3 A 10 percent/20 percent tariff hike should result in tax ROCEs reaching double-digits

#4 Double-digits ROCE supports a valuation multiple expansion

#5 Fair value in a 10 percent/20 percent hike scenario are Rs 235/250 implying healthy upside

#6 Lowered tax volume in-line with managment guidance & cut trading EBITDA to reflect lower crude

#7 Key risk is no tariff hike

Confidence Petroleum India has been awarded bottling assistance contracts from prominent Public Sector Undertakings (PSUs) —Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL).

QIB – 6.31 times

NII – 13.78 times

Retail – 4.34 times

Employee – 2.83 times

Overall – 6.90 times

#1 Automotive steel will be produced in NMDC Steel’s Nagarnar plant in Chhattisgarh

#2 NMDC Steel to become 4th co to make automotive steel after Tata Steel, JSW, Arcelor Mittal

#3 NMDC Steel is in talks with Ashok Leyland for the supply of automotive steel

The Sensex was up 279.26 points or 0.33 percent at 84,035.13, and the Nifty was up 92.40 points or 0.36 percent at 25,641.40.

QIB – 7.64 times

NII – 6.10 times

Retail – 0.99 times

Employee – 4.23 times

Shareholder – 2.98 times

Overall – 3.85 times

The company has secured orders from Bihar State Power Generation Company (BSPGCL) for the setup of grid-connected distributed solar power plants to solarize agricultural/mixed feeders (with agricultural load) at power substations through power procurement by Bihar DISCOMs (NBPDCL/SBPDCL) at various locations in Bihar.

These projects are to be developed under the RESCO Mode for the implementation of the PM-KUSUM Component C2 Scheme (Feeder Level Solarization).

The cumulative capacity of these projects is 13.66 MW (AC), with an estimated total revenue of approximately Rs 159 crore over a 25-year Power Purchase Agreement (PPA).

The company has commissioned its second cement grinding mill with a capacity of 1.8 MTPA in Madhya Pradesh, as part of its ongoing expansion plan.

The first mill was commissioned in March 2025.

With this commissioning, its consolidated domestic grey cement capacity now stands at 186.86 MTPA, and its global cement capacity stands at 192.26 MTPA.

Revolt Motors is set to strengthen its international presence with the launch of RV1 and RV1+ in Sri Lanka, in partnership with its exclusive distributor Evolution Auto.

Rattanindia Enterprises was quoting at Rs 63.30, up Rs 2.78, or 4.59 percent.

The share touched a 52-week high of Rs 92.10 and a 52-week low of Rs 37.45 on 13 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 31.27 percent below its 52-week high and 69.03 percent above its 52-week low.

Market capitalisation stands at Rs 8,749.77 crore.

#1 Initiate buy on PNB Housing, target Rs 1,300

#2 Initiate neutral on Bajaj Housing, target Rs 135

#3 Expect 12-14 percent FY25-27 housing loan CAGR on structural & cyclical factors

#4 Opportunity for HFCs in mass market

#5 Developer financing is attractive cyclically

Indian rupee is trading higher at 85.54 per dollar versus Thursday's close of 85.70.

#1 SBI Is in a sweet spot; for 4th consecutive year, it gained market share

#2 Gained market share not just from PSU Banks, but also from some private sector banks

#3 Deposit performance was mixed, with modest growth

#4 CASA performance was better than peers

#5 Asset quality remains strong

#6 One of the few banks whose gross slippage ratio improved in FY25

#7 On other hand, NIM performance was weak

#8 Expect SBI to largely maintain loan market share over the next two years

#9 While FY26 will likely be weak due to NIM compression

#10 Bank should deliver 1 percent RoA/ 14-15 percent RoE in FY27

#11 See upside optionality to PAT from higher-than-expected treasury gains

Krystal Integrated Services announced receiving housekeeping services contract of Maha Mumbai Metro Operation Corporation Limited (MMMOCL).

Valued at Rs 12.83 crore, the two year contract will cover upkeep of 34 trains, Charkop Depot, three Receiving Substations (RSS), and the two critical corridors of Mandale Depot Simulator Buildings for Metro Line 2A (Andheri West to Dahisar East) and Line 7 (Gundavali to Ovaripada).

The Sensex was up 152.69 points or 0.18 percent at 83,908.56, and the Nifty was up 62.80 points or 0.25 percent at 25,611.80. About 2089 shares advanced, 1276 shares declined, and 127 shares unchanged.

The company has received an order from Power Grid Corporation of India to supply 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers.

Hitachi Energy India was quoting at Rs 20,070.55, up Rs 662.95, or 3.42 percent.

The share touched a 52-week high of Rs 20,295.00 and a 52-week low of Rs 8,738.05 on 05 June, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 1.11 percent below its 52-week high and 129.69 percent above its 52-week low.

Market capitalisation stands at Rs 89,459.18 crore

Diamond Power Infrastructure announced the re-commissioning of its state-of-the-art Extra High Voltage (EHV) Testing Laboratory. This advanced facility stands as a benchmark in the industry, reaffirming Diamond Power’s commitment to delivering high-quality, reliable, and safe power solutions to meet the dynamic needs of India’s power sector. This laboratory is a Benchmark in the Cable Industry, at Par with Global Testing Labs.

Anup Saha of Bajaj Finance among names being considered by IndusInd Bank board

15.1 million shares of Prime Focus change hands in a block trade: Bloomberg

At 11:46 hrs Padam Cotton Yarns was quoting at Rs 4.37, up Rs 0.20, or 4.80 percent.

The share touched a 52-week high of Rs 12.76 and a 52-week low of Rs 1.16 on 13 January, 2025 and 03 July, 2024, respectively.

Currently, the stock is trading 65.75 percent below its 52-week high and 276.72 percent above its 52-week low.

Market capitalisation stands at Rs 5.64 crore.

QIB – 0.61 times

NII – 8.16 times

Retail – 3.20 times

Employee – 2.02 times

Overall – 3.51 times

QIB – 1.82 times

NII – 4.70 times

Retail – 0.87 times

Employee – 3.58 times

Shareholder – 2.52 times

Overall – 2.04 times

The Sensex was up 150.51 points or 0.18 percent at 83,906.38, and the Nifty was up 50.85 points or 0.20 percent at 25,599.85. About 2159 shares advanced, 1124 shares declined, and 148 shares unchanged.

AdaniConneX, a joint venture of the company has completed the acquisition of 100% stake of Granthik Realtors from Windson Projects LLP and its nominees by executing Share Purchase Agreement, from Rs 85.99 crore.

The Securities and Exchange Board of India, has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking to act as a Stock Broker / Clearing Member.

Jio Financial Services was quoting at Rs 316.15, up Rs 3.75, or 1.20 percent.

It has touched an intraday high of Rs 316.85 and an intraday low of Rs 312.85.

The share touched a 52-week high of Rs 363.00 and a 52-week low of Rs 198.60 on 27 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 12.91 percent below its 52-week high and 59.19 percent above its 52-week low.

Market capitalisation stands at Rs 200,854.57 crore.

The share touched a 52-week high of Rs 528.55 and a 52-week low of Rs 391.50 on 27 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 20.6 percent below its 52-week high and 7.19 percent above its 52-week low.

Market capitalisation stands at Rs 525,155.04 crore.

The Board will meet on July 1 to consider fund raising via the issuance of non-convertible debentures on a private placement basis.

Satin Creditcare Network was quoting at Rs 160.20, up Rs 0.45, or 0.28 percent.

It has touched an intraday high of Rs 161.30 and an intraday low of Rs 159.75.

The share touched a 52-week high of Rs 231.95 and a 52-week low of Rs 131.40 on 31 July, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.93 percent below its 52-week high and 21.92 percent above its 52-week low.

Market capitalisation stands at Rs 1,769.74 crore.

The company announces the successful regional launch of Wanbury C RED, a next-generation Liposomal Iron formulation mainly designed to revolutionize anemia management in India.

At 10:25 hrs Wanbury was quoting at Rs 278.40, up Rs 3.00, or 1.09 percent.

The share touched a 52-week high of Rs 330.00 and a 52-week low of Rs 151.10 on 16 May, 2025 and 01 July, 2024, respectively.

Currently, the stock is trading 15.64 percent below its 52-week high and 84.25 percent above its 52-week low.

Market capitalisation stands at Rs 912.33 crore.

RateGain Travel Technologies today announced that TezJet, Kyrgyzstan’s regional airline, has selected AirGain, RateGain’s advanced pricing intelligence platform for airlines, to gain real-time competitive insights.

The partnership reinforces TezJet’s commitment to using intelligent pricing tools to offer better value and streamlined journeys throughout Central Asia.

Rategain Travel Technologies was quoting at Rs 445.00, up Rs 4.05, or 0.92 percent on the BSE.

The share touched a 52-week high of Rs 856.50 and a 52-week low of Rs 365.00 on 30 July, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 48.04 percent below its 52-week high and 21.92 percent above its 52-week low.

Market capitalisation stands at Rs 5,254.44 crore.

The company has commissioned its second cement grinding mill with a capacity of 1.8 MTPA in Madhya Pradesh, as part of its ongoing expansion plan.

The first mill was commissioned in March 2025.

With this commissioning, its consolidated domestic grey cement capacity now stands at 186.86 MTPA, and its global cement capacity stands at 192.26 MTPA.

Revolt Motors is set to strengthen its international presence with the launch of RV1 and RV1+ in Sri Lanka, in partnership with its exclusive distributor Evolution Auto.

The share touched a 52-week high of Rs 92.10 and a 52-week low of Rs 37.45 on 13 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.49 percent below its 52-week high and 70.95 percent above its 52-week low.

Market capitalisation stands at Rs 8,849.29 crore.

Asian stocks advanced and a gauge of global equities was on track for another record high on trade-deal optimism and increased expectations for Federal Reserve interest-rate cuts this year.

L&T Technology Services has unveiled its state-of-the-art Engineering Design Center in Plano, Texas. This investment underscores LTTS’ commitment to delivering advanced solutions in AI & Tech and establish more near shore centers tailored to the evolving needs of our clients.

At 10:11 hrs LT Technology Services was quoting at Rs 4,361.90, up Rs 39.80, or 0.92 percent.

The share touched a 52-week high of Rs 5,990.00 and a 52-week low of Rs 3,855.00 on 29 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 27.18 percent below its 52-week high and 13.15 percent above its 52-week low.

Market capitalisation stands at Rs 46,224.98 crore.

The share touched a 52-week high of Rs 941.05 and a 52-week low of Rs 533.00 on 01 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 27.63 percent below its 52-week high and 27.78 percent above its 52-week low.

Market capitalisation stands at Rs 74,902.57 crore.

At 10:04 hrs Indian Oil Corporation was quoting at Rs 146.50, up Rs 0.30, or 0.21 percent.

The share touched a 52-week high of Rs 185.95 and a 52-week low of Rs 110.75 on 30 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 21.22 percent below its 52-week high and 32.28 percent above its 52-week low.

Market capitalisation stands at Rs 206,876.14 crore

The Sensex was up 16.68 points or 0.02 percent at 83,772.55, and the Nifty was up 1 points at 25,550. About 2070 shares advanced, 1023 shares declined, and 139 shares unchanged.

At 09:53 hrs Raymond Lifestyle was quoting at Rs 1,206.05, up Rs 51.70, or 4.48 percent.

The share touched a 52-week high of Rs 3,100.00 and a 52-week low of Rs 860.05 on 05 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 61.1 percent below its 52-week high and 40.23 percent above its 52-week low.

Market capitalisation stands at Rs 7,347.69 crore.