Indian benchmark indices extended their gains for the second consecutive day on June 25. The Nifty closed above 25,200, bolstered by positive cues such as a fall in crude prices and a tentative ceasefire between Iran and Israel. The Sensex was up 700.40 points, or 0.85 percent, at 82,755.51.
The Nifty was up 200.40 points, or 0.80 percent, at 25,244.75. Broader indices also extended their gains for the fourth consecutive session. The BSE midcap index gained 0.6 percent and the smallcap index rose 1.6 percent.
Among the top gainers on the Nifty were Titan Company, Infosys, M&M, Grasim Industries, and JSW Steel. Bharat Electronics, Kotak Mahindra Bank, Eicher Motors, Axis Bank, and ONGC were among the notable losers. All sectoral indices ended in positive territory with auto, consumer durables, IT, telecom, healthcare, and media sectors up by 1-2 percent.
Timex Group India shares sank 5 percent as the promoter planned to sell a 15 percent stake via the OFS route.
Sensex gains on positive cues
Bajel Projects shares hit the upper circuit on winning a large EPC order.
IndiaMART InterMesh shares soared 7 percent following a double upgrade from Nuvama. Reliance Infrastructure shares rose 5 percent after Reliance Defence secured an export order worth Rs 600 crore from Rheinmetall Waffe Munition GmbH. KNR Construction shares added more than 8 percent after securing an order worth Rs 4,801 crore.
Nearly 100 stocks on the BSE achieved their 52-week highs. These included EID Parry, MCX India, Hyundai Motor, Max Financial, Home First Finance, Narayana Hrudayalaya, Bharti Airtel, AU Small Finance Bank, LT Finance, and Aditya Birla Capital. Aditya Gaggar, Director of Progressive Shares, commented that the index compounded its gains after a strong start and closed higher at 25,244.75, registering gains of 200.40 points.
He said, “All sectors ended the day positively, with Media and IT being the top performers. The broader market saw Midcaps lag the Frontline Index while Smallcaps advanced and outperformed.”
Rupak De, Senior Technical Analyst at LKP Securities, noted, “The index remained mostly positive after a strong start. Improved sentiment and increasing buying interest in stocks have boosted confidence among bullish traders, who now aim to take the Nifty towards 25,750.”
