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Informist, Friday, Jun. 27, 2025

By Simran Rede

MUMBAI – The headline indices closed higher Friday after touching their highest levels in nearly nine months. Both indices closed higher for the fourth successive session. Optimism in the domestic market rose on account of the likely extension of the deadline for imposition of import tariffs by the US, analysts said.

"The deadline isn't critical," media reports quoted White House Press Secretary Karoline Leavitt as saying. Leavitt expects the deadline to be extended, though that is "a decision for the president to make", she said. Additionally, the European Union is considering lowering tariffs on a range of US imports to reach a speedy trade deal with the US, The Wall Street Journal reported, citing people familiar with the matter.

"It is highly unlikely that Trump will impose these tariffs," Narendra Solanki, head of fundamental research-investment services, Anand Rathi Shares and Stock Brokers, said. Most market participants believe Trump will not reimpose reciprocal tariffs on any country. Even if he does reimpose the tariffs, they think it will be with concessions.

Although the pause in the imposition of US tariffs is nearing its end, the domestic market looks positive and continues to rise, analysts said. The recent cut in the repo rate by the Monetary Policy Committee of the Reserve Bank of India, a fall in the country's inflation, and prospects of an above-normal monsoon and strong festival season demand have revived the faith of investors in the Indian market, analysts said.

Market volatility has eased with the equity market staging a recovery and the dollar index and crude oil prices softening, though gold prices remain high. The market's fear gauge, India VIX, closed 1.6% lower at 12.3875 Friday. It has ended lower for nine of the 10 sessions since the Israel-Iran conflict began Jun. 13. The conflict ended Tuesday in a ceasefire announced by US President Donald Trump.

The Nifty 50 ended at 25637.80 points, up 88.80 points or 0.4%. The BSE Sensex closed at 84058.90, up 303.03 points or 0.4%. The 50-stock index is a little over 600 points off the all-time high touched Sept 27. The 30-stock index is nearly 2,000 points away from the record high it reached the same day.

All the sectoral indices, barring the Nifty Media, Nifty Realty, and Nifty IT, closed in the green. The Nifty Oil & Gas, Nifty Energy, and Nifty Infrastructure closed around 1% higher and were the top gainers in the pack. The Nifty Realty and Nifty IT closed 1.6% and 0.4% lower, respectively. Sectors such as information technology and pharmaceuticals, which have a larger exposure to the US market, are likely to take a hit if Trump announces import tariffs, Solanki of Anand Rathi Shares and Stock Brokers said.

All the broader market indices closed in positive territory, rising 0.1-1.0%. All the three small-cap indices outperformed their benchmark peers, while the mid-cap indices lagged. But all these indices closed higher for the sixth session, showing signs of investors preferring mid- and small-cap stocks over large-cap stocks. 

Jio Financial Services rose 3.5% and was the top gainer in the Nifty 50 after the company said its subsidiary, Jio BlackRock Broking, had received approval from the Securities and Exchange Board of India to act as a stock broker. The stock soared on the news, rising to its highest level in over six months.

IndusInd Bank also surged to an over-three-month high intraday following media reports that it was evaluating candidates for the post of chief executive officer. The stock rose after the reports revealed the names of the candidates. The RBI has asked IndusInd Bank to submit its shortlist by Monday.

Akzo Nobel India rose to a one-month high intraday after the company said JSW Paints will acquire nearly 75% stake in the company for INR 89.86 billion. JSW Paints will acquire the stake from Akzo Nobel's promoters, Imperial Chemical Industries and Akzo Nobel Coatings International BV.

Godfrey Phillips India closed over 5% higher after coming off its all-time high during the session amid a surge in volumes. The stock is up for the fourth session running and has risen nearly 19% in that period. Ashok Leyland closed 0.3% higher after coming off its intraday high. The company said it secured an order to deliver 200 trucks to Instant Transport Solution, an express logistics player in India.

Tata Consumer Products fell 1.8% and was the worst-hit stock in the Nifty 50. The Phoenix Mills, down 3%, and Cohance Lifesciences, down 6%, were the biggest losers, respectively, among the Nifty 200 and Nifty 500 constituents. Bharti Hexacom, up 8%, and Himadri Speciality Chemical, up 12%, were the top gainers, respectively, in the Nifty 200 and Nifty 500.

Shares of all Adani group companies rose Friday and closed 0.6-5.7% higher. Most of the stocks in the pack have risen for many of the past sessions following Chairman Gautam Adani's statement about the group's plan to invest $15 billion-$20 billion as capital expenditure over the next five years.

* Of the Nifty 50 stocks, 30 rose and 20 fell

* Of the Sensex stocks, 19 rose and 11 fell

* On the NSE, 1,681 stocks rose, 1,229 fell, and 76 were unchanged

* On the BSE, 2,251 stocks rose, 1,760 fell, and 154 were unchanged

* Nifty Oil & Gas: up 1.2%; Nifty Energy: up 1%; Nifty Realty: down 1.6%

BSE                                               NSE

Sensex: 84058.90, up 303.03 points or 0.4%        Nifty 50: 25637.80, up 88.80 points or 0.4%

End

Edited by Rajeev Pai

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