Final PMI readings from major global economies will be closely watched but US jobs report will be a key focus, as softer labour market data could strengthen expectations for an early rate cut.
On the positive side, India’s domestic air traffic rose two percent YoY in May, though growth was tempered by partial airport closures in north India due to Indo-Pak tensions.
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.
India VIX, the fear gauge, decline for a fourth session in a row on Friday. Experts say this low volatility landscape indicates reduced fear and bolstered investor confidence, both conducive to a steady upward trend.
Gold rate today: Gold's August contracts on MCX opened at Rs 96,261 per 10 grams on June 27.
India VXI, the barometer to assess market anxiety, slipped over a percent. Experts say this low volatility landscape indicates reduced fear and bolstered investor confidence, both conducive to a steady upward trend.
India VIX, the fear gauge rose slightly, but still stayed below the 15-mark, indicating a calm and stable environment in the broader market.
The Nifty closed above the key resistance level of 25,500, reinforcing the strength of the ongoing uptrend. With the index holding above this breakout zone, a move higher appears well within reach.
Sensex Today | BSE Midcap and smallcap indices are trading up 0.5 percent each. Among sectors, except realty, all other indices are trading in the green with Capital Goods, oil & gas, power, PSU Bank up 0.5-1 percent. Jio Financial, IndusInd Bank, Adani Enterprises, Asian Paints, Apollo Hospitals are among major gainers on the Nifty, while losers are Bajaj Finance, Dr Reddy's Labs, Eternal, Grasim Industries, Tata Consumer.
More than 120 stocks on the BSE touched their 52-week highs, including Nuvama Wealth, Dalmia Bharat, Abbott India, Gillette India, Bharti Airtel, LT Finance, MCX India, Lloyds Metals, Aditya Birla Capital, HDFC Bank, Max Healthcare, Grasim Industries, among others.
Equity markets are in a risk-on mode following the ceasefire between Israel-Iran, but a sustained rally would be difficult amid tariff overhangs, noted experts.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 97,600 per 10 grams on June 26.
Immediate resistance for the Nifty sits inside the 25,310 - 25,360 zone and higher at 25,500, while immediate support rests between 24,960 and 25,010.
India VIX, the fear gauge, surged 2 percent as monthly derivative expiry adds to volatility.
Benchmarks extended their winning streak for a second straight session as easing geopolitical tensions lifted sentiment. The broader market gained for a fourth straight session.
Among sectors, private bank, oil & gas and metal indices up 1-2 percent, while realty, media indices shed 1 percent each.
The Iran-Israel conflict, which intensified in mid-June, has reversed the short-lived optimism spurred by temporary tariff freezes and trade deals earlier this year, bulletin said
Titan Company, Infosys, M&M, Grasim Industries, JSW Steel were among top gainers on the Nifty, while losers were Bharat Electronics, Kotak Mahindra Bank, Eicher Motors, Axis Bank, ONGC
Dalal Street traded with sharp gains on June 25, as bulls drove the Nifty 50 past the 25,200 mark, while Sensex soared 700 points.
Gold rate today: The yellow metal's August contracts on the MCX opened at Rs 97,311 per 10 grams on June 25.
The broader market remained strong for a fourth straight session, with the Nifty Smallcap index rising over 1 percent and clearly outperforming the benchmarks.
Small and midcap stocks also moved in tandem with the broader market uptrend, with the smallcap index outperforming the benchmarks.
On June 24, Foreign investors offloaded a net Rs 5,266 crore—their biggest single-day selloff in the month—amid renewed tensions following reports of a ceasefire violation between Israel and Iran.
Titan Company, Infosys, M&M, Grasim Industries, JSW Steel were among top gainers on the Nifty, while losers were Bharat Electronics, Kotak Mahindra Bank, Eicher Motors, Axis Bank, ONGC. All the sectoral indices ended in the green with auto, consumer durables, IT, telecom, healthcare, media up 1-2 percent. BSE Midcap index rose 0.6 percent and smallcap index added 1.6 percent.
Sensex and Nifty 50 slipped over one percent each from the day's high, as tensions in the Middle East bubbled up again.