BSE Sensex: The Sensex surged to an intraday high of 83,018.16 points but later settled at 82,055.11, marking a gain of 158.32 points, or 0.19%.
NSE Nifty50: Similarly, the Nifty50 also climbed to an intraday high of 25,317.70, before closing at 25,044.35, up by 72.45 points, or 0.29%.
The Nifty Midcap100 and Smallcap100 indices managed to end with gains of 0.71% and 0.72%, respectively, reflecting the broader market’s resilience.
The India VIX, which tracks market volatility, ended 2.88% lower, suggesting that fear levels were gradually receding after a tense start to the day.
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Impact on the stock market
Sector-wise, the markets showed a mixed response:
- Nifty PSU Bank and Nifty Metal indices were among the best performers, gaining 1.46% and 1.01%, respectively.
- However, the Nifty Oil & Gas and Nifty Media indices faced declines due to global geopolitical concerns.
| Sector/Index | Performance |
| IT & BPM sector | 0.01% |
| Healthcare sector | 0.28% |
| Oil & Gas sector | -0.17% |
| Real estate sector | 0.16% |
| PSU Bank in India | 1.46 |
Top gainers today
| Company | Price (in ₹) | Change % |
| Jio Financial Share Price | 300.80 | 2.61 |
| Adani Ports Share Price | 1,389.50 | 2.56 |
| Shriram Finance Share Price | 676.05 | 2.18 |
| Grasim Share Price | 2,780.90 | 2.10 |
| Kotak Mahindra Share Price | 2,223.60 | 1.81 |
Top losers today
| Company | Price (in ₹) | Change % |
| ONGC Share Price | 243.92 | -2.97 |
| Power Grid Corp Share Price | 285.95 | -1.48 |
| Trent Share Price | 6,057.50 | -1.02 |
| IndusInd Bank Share Price | 831.95 | -0.95 |
| NTPC Share Price | 329.95 | -0.80 |
Market aftermath: Impact on stocks
IndiGo & SpiceJet Surge Amid Slumping Oil Prices
In a positive turn for aviation stocks, IndiGo and SpiceJet witnessed significant upward movement. Shares of InterGlobe Aviation (which operates IndiGo) rose by up to 4.27% to hit an intraday high of ₹5,700.5, while SpiceJet surged by 2.42% to ₹41.92. This gain was largely attributed to a 2.6% fall in global crude oil prices, which directly benefits aviation companies by reducing their aviation fuel costs.
The dramatic decline in crude prices came after a ceasefire between Israel and Iran was announced, quelling concerns of disruptions in oil shipments. This respite for the airline sector was welcomed by investors, who expect reduced fuel costs to boost the bottom lines of aviation companies.
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Enviro Infra Soars 14% With New Projects & Renewable Foray
Enviro Infra Engineers Ltd had an impressive performance today, surging 14% after announcing it had secured Rs 306 crore worth of projects, including several sewage treatment plants across Chhattisgarh. This expansion into the water management sector reflects the company’s growing capabilities in executing large-scale public infrastructure projects.
Moreover, Enviro Infra took a major step into the renewable energy sector by acquiring 69 MW solar energy projects in Odisha and Maharashtra. These moves underline the company’s commitment to diversifying its revenue streams and tapping into India’s booming green energy market. As of 12:45 PM, shares of Enviro Infra were trading at Rs 241, up from Rs 182 over the past year.
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Vodafone Idea Rallies 6% After Dues Relief Reports
Vodafone Idea saw a substantial 6% surge in its share price after reports emerged suggesting that the central government might offer relief on the company’s Rs 84,000 crore regulatory dues. Telecom Minister Jyotiraditya Scindia indicated that India’s telecom sector needs competition, signaling government support for companies like Vodafone Idea.
This news was particularly important for Vodafone Idea shareholders, as the company has faced a prolonged financial struggle. With the government contemplating measures such as extending repayment tenure and charging minimal annual payments, market sentiment around the stock turned positive.
However, despite today’s rally, Vodafone Idea’s stock has experienced a decline of over 13% in 2025 so far, and a nearly 60% drop over the last year. The company is still under significant pressure, with concerns about its ability to survive long-term without further financial intervention.
You may also read: Vodafone Idea stock analysis
Crude Oil – The Market’s Biggest Influence
Oil prices saw a significant dip today. Brent Crude futures dropped by 2.37% to settle at $68.85 per barrel, while WTI crude futures fell 2.73% to $66.64. The decline was largely driven by geopolitical developments in the Middle East, particularly the announcement of a ceasefire between Iran and Israel. The ceasefire reduced fears of disruptions to the Strait of Hormuz, a critical shipping lane for global oil supply.
A decline in crude prices is generally positive for India, as it reduces the cost of oil imports. This trend could benefit sectors sensitive to fuel prices, such as airlines, oil marketing companies, and paint manufacturers. For instance, stocks like HPCL, BPCL, and IOC saw notable gains, reflecting investor optimism about lower input costs.
In fact, the entire crude oil-sensitive sector experienced broad-based gains, providing a much-needed boost to the broader market. The drop in oil prices, combined with easing geopolitical tensions, is likely to maintain investor optimism in these sectors, provided the peace holds.
Conclusion
The Indian stock market on June 24th experienced a mixture of optimism and cautious trading. While the benchmarks managed to finish in the green, volatility and sector-specific movements shaped the market. The aviation and oil marketing sectors benefited from a decline in crude oil prices, while infrastructure stocks like Enviro Infra made a strong impression with their new project wins and renewable energy ventures.
With the market digesting both local and global factors, including the ceasefire agreement in West Asia, investors should remain vigilant about ongoing developments in crude oil and telecom sectors, which may have a significant impact on future market trends.
As always, the market moves quickly, but with a bit of patience and a solid strategy, opportunities are everywhere.
For more stock market insights, check out the StockGro blog.
