On June 26, 2025, the Indian stock market experienced significant gains, with both the S&P BSE Sensex and the NSE Nifty 50 reaching their highest levels since October 2024. This positive trend reflects improved global investor sentiment and strong domestic support. (Source: Unspecified)
The Sensex rose by 1,003 points (1.21%) to close at 83,759, while the Nifty 50 increased by 304 points (1.21%), ending at 25,549. The Nifty Bank index hit a record high of 57,076. The market is approximately 2.3% below its all-time highs set in September 2024.
Key drivers include easing geopolitical tensions following a ceasefire between Israel and Iran, declining crude oil prices, and a weakening US Dollar. Domestic institutional investors provided substantial support, offsetting foreign selling. The Indian rupee strengthened to 85.70 against the US dollar.
The Nifty Metal Index rose by 2.3%, and the Nifty Oil & Gas Index climbed 1.86%. Top gainers included Shriram Finance (3.69%), Jio Financial Services (3.05%), and Tata Steel (2.56%). This indicates a broad-based rally across various sectors. (Source: Unspecified)
The positive market performance is attributed to easing global tensions, favorable currency movements, and robust domestic institutional support. These factors collectively boosted investor confidence. The market's upward momentum suggests continued optimism. (Source: Unspecified)