Daily Market Wrap – June 26, 2025

Indian equity markets rallied for a third consecutive session on Wednesday, with the Nifty 50 closing at a new calendar year high. A combination of supportive global cues, a sharp drop in the Dollar Index, strong banking momentum, and easing geopolitical tensions lifted investor sentiment.

The Nifty 50 jumped 304.25 points or 1.21% to close at 25,549.00, while the Sensex surged 1,000.36 points or 1.21% to settle at 83,755.87. This marked one of the strongest single-day gains in recent months, bolstered by large-cap leadership and renewed risk-on appetite.

🔎 What Drove the Markets Higher Today?

Dollar Index fell to a 3-year low of 97, making emerging markets more attractive. The 12-day conflict between Israel and Iran officially reached a ceasefire, calming global energy markets. Rate cut expectations from the U.S. Federal Reserve gained traction as inflation signals moderated. Domestic optimism was fueled by strong demand for the HDB Financial Services IPO, fully subscribed on Day 1. Talks of tariff relief between the U.S. and China further supported global risk assets. The India VIX dropped another 2.85% to 12.59, its lowest level since early March, indicating a steady drop in volatility.

🏦 Sectoral Highlights

Out of the 11 major sectoral indices, eight closed in the green:

Nifty Metal was the top gainer, rallying 2.31%, led by Adani Enterprises, which rose over 2%. Nifty Financial Services rose 1.53%, buoyed by strong momentum in Bajaj Finance and Bajaj Finserv, up 2.53% and 2.08%, respectively. Bank Nifty hit an all-time high, closing at 57,206.70, up 585.55 points, led by HDFC Bank and Bharti Airtel. Gains were broad-based, though mid and smallcaps underperformed. The Nifty Midcap 100 rose 0.59%, while the Smallcap 100 added 0.42%.

📊 Market Breadth & Internals

Investor participation remained robust across segments:

Total stocks traded on NSE: 2,596 Advancing stocks: 1,391 Declining stocks: 1,105 Unchanged: 100 Stocks at 52-week highs: 63 Stocks at 52-week lows: 17 Stocks locked in upper circuits: 94 Stocks in lower circuits: 51

The broader market action reflected confidence across retail and institutional categories, even as benchmark indices led gains.

🌍 Global Economic Calendar – Week of June 24–28, 2025

United States

Thursday: Final Q1 GDP estimate, Weekly Jobless Claims Friday: PCE Price Index, Personal Income & Spending, Revised Consumer Sentiment (June)

Europe

Thursday: Eurozone Business Confidence Friday: Eurozone CPI Flash Estimate, Germany Retail Sales

India

Friday: Infrastructure Output, Weekly Forex Reserves

China

Friday: Year-to-date Industrial Profits

Japan

Thursday: Tokyo CPI Friday: Jobless Rate, Retail Sales, Industrial Production

Global investors continue to monitor inflation prints and GDP readings to gauge the near-term path of central bank policies.

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