Market Wrap, June 26: Indices settle at highest closing level of 2025; NIFTY50 ends above 25,500, SENSEX jumps 1,000 points

The Indian stock market continued with its rally for the third consecutive session on Thursday, June 26, and settled at its highest level in 2025 amid optimism following a ceasefire between Iran and Israel.

The rally was mainly supported by index heavyweights, with Bank Nifty touching a record high led by HDFC Bank. Reliance Industries (RIL) also contributed to the rally as its market capitalisation crossed over ₹20 lakh crore.

Both the equity benchmark indices hit their highest level since October 2024.

According to exchange data, on Wednesday, the foreign institutional investors (FIIs) sold equities worth ₹2,427.74 crore on a net basis, while the domestic institutional investors (DIIs) purchased ₹2,372.96 crore worth of equities.

On the global front, the US stocks on Wednesday settled mixed after two days of rallies as the Israel and Iran ceasefire continued to hold. However, investors were cautious amid congressional testimony from Federal Reserve Chair Jerome Powell.

The Dow Jones Industrial Average slipped 106.59 points, or 0.25%, to close at 42,982.43; the S&P 500 remained flat at 6,092.16; and the Nasdaq Composite rose 61.02 points, or 0.31%, to close at 19,973.55.

As many as 2,975 stocks traded on the NSE on Thursday. Out of this, 1,474 advanced and 1,397 stocks declined, while 104 scrips remained unchanged.

This indicated that the market breadth was in favour of positive.

A total of 69 stocks hit their 52-week highs, while 22 stocks touched their one-year lows. Besides, 77 stocks hit their upper circuit limits, and 58 touched their lower circuit bands on Thursday.

NSE-listed firms' market capitalisation added ₹3.49 lakh crore and stood at ₹455.16 lakh crore at the end of the session.

India VIX, the volatility gauge, stood at 12.59 levels, declining 2.87%.

Shriram Finance was the top contributor on the index, surging 3.69%. Jio Financial Services (3.05%), Tata Steel (2.56%), Bharti Airtel (2.54%) and Hindalco Industries (2.48%) were the other top contributors on the 50-share index.

On the other hand, Dr. Reddy’s (-1.31%), Tech Mahindra (-1%), Wipro (-0.52%), State Bank of India (-0.50%) and Hero MotoCorp (-0.45%) were among the top losing stocks on Thursday.

The Nifty Smallcap 100 index surged 0.42% to end at 18,805.60 levels, while the Nifty Midcap 100 index closed 0.59% higher at 59,227.40 levels.

Nifty Metal was the highest gainer among sectors, jumping 2.31%, followed by Nifty Oil and Gas (1.86%), Nifty Private Bank (1.03%), Nifty Consumer Durables (0.87%) and Nifty FMCG (0.68%).

Meanwhile, Nifty Media (-1.09%), Nifty Realty (-1%) and Nifty IT (-0.13%) were the only losers among sectors.