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Informist, Wednesday, Jun. 25, 2025

By Simran Rede

MUMBAI – Headline indices ended higher for the second session Wednesday as crude oil prices remained below the $70 per barrel level. Investors turned a blind eye to reports of violation of ceasefire by Iran and Israel and are now increasingly confident that the ceasefire will hold, analysts said. The Nifty 50 and Sensex were firm throughout the session, rising almost 1% at their intraday highs, and largely maintained the gains till the end due to absence of any negative triggers.

The market has now recovered all the losses suffered since the start of the Israel-Iran conflict. The Nifty 50 ended at 25244.75 points, up 200.40 points or 0.8%. The BSE Sensex closed at 82755.51 points, up 700.40 points or 0.9%. Index heavyweights HDFC Bank, Infosys, and Reliance Industries contributed to an over 0.3% rise in the Nifty 50. The stocks maintained their intraday gains and ended over 1-2% higher.

All the small-cap indices outperformed the benchmark indices and closed over 1% higher each. The mid-cap indices could not rise as much and closed around 0.5% higher each. All the broader market indices ended in the green for the fourth straight session. On the sectoral front, barring Nifty India Defence, all the other sectoral indices closed higher. Nifty Private Bank swung between the positive and negative territories during the dying moments of the session and closed flat.

The Nifty India Defence had hit a record high on Jun. 6 and had rallied nearly 6% since the day Israel first attacked Iran. Its index constituents are now down as investors are booking some profits, analysts said. The index closed down 2%. 

Shares of most fast-moving consumer goods companies rose for the second session deriving comfort from the ceasefire between Iran and Israel and fall in crude oil prices. Their shares rose mainly due to expectations of an above normal monsoon and hopes of improvement in consumer demand due to lower interest rates and changes in tax slabs announced in the Budget. The Nifty FMCG index ended higher by 0.8%.

Titan Co. was the biggest gainer in the Nifty 50 stocks. The stock rose 3.6% likely on global brokerage Macquarie's bullish outlook on the company's June quarter earnings. The broking firm expects strong growth momentum in the jewellery segment, driven by resilient consumer demand during the quarter despite higher gold prices. Macquarie also sees a steady improvement in product mix on recovery in demand for mined diamonds and believes that Titan is on track to meet its guidance for earnings before interest and taxes margin in the jewellery segment of 11.0–11.5% in 2025-26 (Apr-Mar). 

Infosys and Page Industries were among the top gainers in the Nifty 50 and Nifty 200, respectively. They closed over 2% and 4% higher, respectively. Kirloskar Brothers, Sammaan Capital, and Network18 Media & Investments gained the most in the Nifty 500, ended higher by 15-16%. Defence stocks were among the worst hit among the Nifty 50, Nifty 200, and Nifty 500 indices.

KEC International rose over 4% after the company secured fresh orders aggregating up to INR 12.36 billion for civil residential projects in India in the company's buildings and factories segment. Indian Hotels Co. ended more than 3% higher after JP Morgan initiated coverage on the stock with an 'overweight' rating and a target price of INR 890.

Shares of Multi Commodity Exchange of India rose over 5% after UBS reaffirmed its "buy" rating on the stock on the back of new product launches and favourable market dynamics. The brokerage also raised its target price by 43% to INR 10,000. IndiaMART InterMESH ended over 6% higher after Nuvama Institutional Equities upgraded the stock to "buy" from "reduce" and raised its target price by 81% to INR 3,800.

ArisInfra Solutions made its debut on the bourses Wednesday. The stock listed at INR 205 on the National Stock Exchange, a discount of almost 8% to the issue price of INR 222. The stock closed at INR 174.38, more than 21% lower to the issue price.

* Of the Nifty 50 stocks, 41 rose and 9 fell

* Of the Sensex stocks, 27 rose and 3 fell

* On the NSE, 2,134 stocks rose, 776 fell, and 79 were unchanged

* On the BSE, 2,821 stocks rose, 1,207 fell, and 134 were unchanged

* Nifty Media: up 2.0%; Nifty IT: up 1.6%; Nifty India Defence: down 2.0%

BSE                                               NSE

Sensex: 82755.51, up 700.40 points or 0.9%        Nifty 50: 25244.75, up 200.40 points or 0.8%

End

Edited by Ashish Shirke

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