Market Closing: Sensex Jumps 1,000 Points, Nifty Above 25,500; Tata Steel Rises 3%

Last Updated:June 26, 2025, 15:50 IST

Sensex and Nifty50 edged higher for the third straight day, amid expiries of Nifty weekly and monthly derivatives contracts

Sensex Today: Indian equity markets extended their winning streak on Thursday, June 26, with benchmark indices BSE Sensex and NSE Nifty registering robust gains of over 1 per cent each, driven by strong buying across heavyweight stocks.

The BSE Sensex surged 1,000.36 points or 1.21 per cent to settle at 83,755.87, after moving between a high of 83,812.09 and a low of 82,816.26 during the session.

Likewise, the NSE Nifty50 jumped 304.25 points, or 1.21 per cent, to close at 25,549.00. The index touched an intraday high of 25,565.30 and a low of 25,259.90.

Broader Markets Mixed

In contrast, the broader market indices ended in the red. The Nifty Midcap100 fell 0.59 per cent, while the Nifty Smallcap100 declined 0.42 per cent, reflecting some profit-booking in mid and small-cap segments.

Sectoral Highlights

Among sectors, Bank Nifty was the standout performer. It soared 1.13 per cent intraday to hit a new peak of 57,263.45, before settling at 57,206.70, up 1.03 per cent for the day.

The bullish momentum indicates strong investor confidence, especially in frontline banking and large-cap stocks, even as volatility persisted in mid and small-cap segments.

What’s Fueling the Market Rally?

Thursday’s sharp market rally was largely driven by easing geopolitical tensions, particularly signs of a de-escalation between Israel and Iran. This diplomatic relief has lifted global investor sentiment, triggering a shift toward a more “risk-on” approach.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented, “With the ceasefire between Israel and Iran, global markets have entered a risk-on mode.”

However, he warned that this rally may prove temporary if unresolved issues—particularly the ongoing reciprocal tariff dispute—re-emerge after July 9, when the current truce is set to expire.

“The market’s attention will soon turn to what unfolds around that deadline,” he said, adding that “positive developments on a possible India-US trade deal could extend gains, while disappointment on that front may limit the upside.”

RBI Flags Resilient Economy, Liquidity Boost Incoming

India’s economy continues to show resilience despite global headwinds, according to the Reserve Bank of India’s latest ‘State of the Economy’ report. The central bank highlighted that a 100 basis point cut in the repo rate to 5.5 per cent since February, along with a phased 100 bps reduction in the Cash Reserve Ratio (CRR) from September 6, will inject around Rs 2.5 trillion into the system. This is expected to ease funding costs and improve credit transmission in the broader economy.

Global cues

Asia-Pacific markets opened on a mixed note Thursday, with investors keeping a close watch on the ongoing ceasefire developments between Israel and Iran. Last checked, Nikkei was up 0.98 per cent, while the broader Topix popped 0.48 per cent. The Kospi slipped 0.51 per cent, and aASX 200 was down 0.11 per cent.

US stock futures were largely unchanged. S&P 500, Nasdaq 100, and Dow Jones Industrial Average futures all hovered near the flatline.

On Capitol Hill, Federal Reserve Chair Jerome Powell maintained a cautious tone on inflation and tariffs during his second day of testimony. While not committing to a timeline for interest rate cuts, Powell reiterated that rate reductions could be considered if inflation proves to be transitory — a stance he also took during his earlier testimony before the House Financial Services Committee. This comes amid mounting pressure from President Donald Trump for the Fed to ease rates.

Overnight in the US, equities saw modest moves. The S&P 500 ended just below the flatline at 6,092.16 as investors assessed its chances of revisiting record highs. The Nasdaq Composite gained 0.31 per cent to close at 19,973.55, while the Dow Jones Industrial Average slipped 0.25 per cent to settle at 42,982.43.

Investors now await US Q1 GDP price index final figures, along with jobless claims data.

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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