Indian equity indices closed the week on a strong note, extending gains for the fourth consecutive session. The BSE Sensex reclaimed the 84,000 level, closing at 84,058.90—up 303 points or 0.36% on Friday, June 27. The Nifty 50 also advanced, settling above 25,600 at 25,637.80, a gain of 88.80 points or 0.35%. Broader indices outperformed, with the Nifty Midcap and Smallcap indices rising between 0.27% and 0.91% on the last trading day.
Sectoral Highlights
Top Gainers: Capital Goods, Healthcare, Oil & Gas, Power, Telecom, and PSU Banks saw gains between 0.5% and 1%.
Top Losers: IT and Realty sectors ended in the red, while Consumer Durables also showed weakness at times.
Notable Stocks: Jio Financial, IndusInd Bank, Adani Enterprises, Asian Paints, and Apollo Hospitals were among the major gainers on the Nifty. Trent, Dr. Reddy’s Labs, and Wipro were among the top losers.
Market Sentiment
Drivers: Optimism over a possible relaxation in US tariff deadlines, robust foreign institutional investor (FII) inflows, improved global risk appetite, and a strengthening rupee contributed to positive sentiment.
IPO Activity: Strong subscription rates for HDB Financial Services and Sambhv Steel Tubes reflected sustained investor interest.
Technical Outlook: Analysts noted a decisive breakout above recent trading ranges, signaling potential for further upside. Immediate support for Nifty is seen at 25,400, with resistance at 25,800–26,000 in the near term.
International Stock Markets
US Market Performance
Key Indices: The Dow Jones Industrial Average surged 0.9% (up 404.41 points) to close at 43,386.84 on Thursday. The S&P 500 rose 0.8% (up 48.86 points), nearing a new record high. The Nasdaq also finished higher, though gains were more modest.
Market Drivers: A ceasefire between Iran and Israel, coupled with encouraging economic data, bolstered expectations of a Federal Reserve rate cut and lifted investor sentiment.
Sectoral Trends: The industrial sector remained the strongest performer in the S&P 500, while semiconductors led the recent rally. IBM outperformed other Dow stocks, up around 28% year-to-date.
Global Sentiment
Economic Data: Signs of weakening US economic data (sales, output, housing starts) raised some concerns, but markets remained resilient, focusing on central bank policy and geopolitical stability.
Market Outlook: Analysts anticipate continued volatility, with a focus on tech earnings, Fed policy, and global geopolitical developments.
Indian Rupee
Movement: The Indian rupee strengthened against the US dollar, closing at 85.49 on Friday, up 21 paise from the previous close of 85.70.
Drivers: Improved risk appetite, strong FII inflows, and a softer US dollar contributed to the rupee’s gains.
Mutual Fund Sector in India
Performance: The mutual fund sector benefited from robust inflows and positive market sentiment. Equity funds saw increased participation as investors sought to capitalize on the ongoing rally.
Trends: Systematic Investment Plans (SIPs) continued to attract retail investors, while sectoral and thematic funds gained traction amid sector rotation.
Outlook: With markets at elevated levels, fund managers remain selective, focusing on quality stocks and diversification.
Key Data Table
Market/Sector
Key Indices/Currencies
Performance (June 23–27)
Notable Highlights
Indian Equities
Sensex
Sensex: 84,058.90 (+0.36%)
Broader indices outperformed
Nifty 50
Nifty: 25,637.80 (+0.35%)
Oil & Gas, PSU Banks top gainers
International
Dow, S&P 500, Nasdaq
Dow: 43,386.84 (+0.9%)
Near record highs, tech-led rally
S&P 500: +0.8%, Nasdaq: +modest
Currency
INR/USD
INR: 85.49 (+0.25%)
Rupee strengthened
Mutual Funds (India)
Equity, Sectoral Funds
Robust inflows, SIPs strong
Focus on quality, diversification
Conclusion
The week of June 23–27, 2025, saw robust gains in Indian equities, led by strong sectoral performances and positive global cues. US markets also posted solid gains, driven by geopolitical calm and optimism surrounding central bank policy. The Indian rupee strengthened, and the mutual fund sector continued to attract investor interest, underscoring a broadly positive outlook for the period ahead.
