- BSE Sensex closed at 82,755.51, up 700.4 points or 0.85%.
- Nifty50 settled at 25,244.75, gaining 200.40 points or 0.8%.
These gains were largely driven by a strong performance in sectors like media, IT, and consumer durables, while broader indices also saw positive movement. The Nifty MidCap and Nifty SmallCap indices were up by 0.44% and 1.5%, respectively.
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Impact on the stock market
Certain sectors stood out today, showing impressive growth despite the overall market’s ups and downs:
- Nifty Media Index: Up by 1.99%
- Nifty IT Index: Rose by 1.64%
- Nifty Consumer Durables: Increased by 1.43%
The media, IT, and consumer durable sectors had a clear edge today, with companies in these spaces seeing notable stock price jumps. On the flip side, Banking stocks showed weakness, with BEL, Kotak Mahindra Bank, and Axis Bank among the biggest losers, down by up to 3%.
| Sector/Index | Performance |
| IT & BPM sector | 1.64% |
| Healthcare sector | 0.94% |
| Oil & Gas sector | -0.17% |
| Real estate sector | 0.24% |
| PSU Bank in India | 0.20% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Titan Company Share Price | 3,652.20 | 3.58 |
| Infosys Share Price | 1,614.90 | 2.11 |
| M&M Share Price | 3,215.50 | 2.08 |
| Grasim Share Price | 2,831.80 | 1.83 |
| JSW Steel Share Price | 1,024.45 | 1.73 |
Top losers today
| Company | Price (in ₹) | Change % |
| Bharat Elec Share Price | 406.05 | -2.97 |
| Kotak Mahindra Share Price | 2,198.30 | -1.14 |
| Eicher Motors Share Price | 5,576.00 | -0.94 |
| ONGC Share Price | 241.91 | -0.82 |
| Axis Bank Share Price | 1,213.30 | -0.65 |
Market aftermath: Impact on stocks
IT Stocks Surge Post US Fed Testimony
US Federal Reserve Chair Jerome Powell’s testimony before Congress on June 25th fueled a rise in hopes for a potential rate cut by the Federal Reserve. This impacted the share prices of Indian IT companies, which derive a significant chunk of their revenue from the US market.
- Mphasis led the charge, jumping nearly 3%, trading at Rs 2,753 per share.
- Infosys rose by over 2%, now at Rs 1,618 per share.
- Tech Mahindra and LTIMindtree also saw gains of around 2% each.
This boost in IT stocks came from the anticipation of a rate cut, which would benefit US-based tech firms. These gains reflect a broader market sentiment that tech stocks might get a major lift in the coming months.
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Titan Shines with Demand Recovery Outlook
Titan Company had a positive day with shares up by 2%. The company’s stock saw a boost after Macquarie, a global brokerage firm, maintained its ‘outperform’ rating and raised the price target to Rs 4,150 per share. The brokerage expects the recovery in demand to significantly support growth in Titan’s jewellery sales during FY2026.
Titan, which holds around 7% market share in India’s jewellery market, has experienced 13% CAGR over the past 15 years, which Macquarie sees as a strong foundation for long-term growth. With healthy demand expected, Titan’s outlook remains positive, with EBIT margins expected to improve in the coming months. Shares of Titan were trading at Rs 3,601.7 by late morning, showing a 2.2% increase.
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Crude Oil: Market Movement and Global Influences
The global oil markets showed a bit of recovery today as crude oil futures rose due to geopolitical tensions easing between Israel and Iran. On the morning of June 25th, Brent Crude Oil Futures were up by 1.33%, trading at $67.05, and WTI Crude Futures gained 1.43%, hitting $65.29.
This increase comes after the announcement of a US-brokered ceasefire between Israel and Iran, a move that eased some of the geopolitical pressures that had weighed on crude oil prices recently. In India, this translated to a slight uptick in crude prices on the Multi Commodity Exchange (MCX), with July Crude Oil Futures trading at ₹5,633, up by 0.90%.
While the ceasefire is expected to ease immediate concerns, the overall impact on oil prices depends on how durable the peace efforts turn out to be. As global oil producers monitor the situation, investors will be keeping a close watch on any further developments.
Conclusion: What’s Next for the Market?
Today’s market movement reflected a mix of positive sentiment fueled by easing geopolitical tensions and the potential for rate cuts in the US, which boosted sectors like IT. Companies like Titan and IT stocks have demonstrated strong resilience.
However, it’s essential to remain cautious, especially with fluctuations in global oil prices and any potential impacts from external geopolitical events. The outlook seems cautiously optimistic for sectors like IT, but volatility remains a key consideration.
For anyone looking to invest, it’s important to stay updated on global developments, sector-specific performances, and anticipate any market swings in the coming weeks.
For more stock market insights, check out the StockGro blog.
