India Market Today – June 26, 2025: Sensex Surge & IPO Frenzy

India’s equity markets delivered a blockbuster session today, as investor confidence soared across indices. The BSE Sensex jumped over 1,000 points, closing at 83,755, while the Nifty 50 reclaimed the 25,500 mark with a gain of 304 points. These gains marked a strong comeback rally and sent market sentiment soaring to levels not seen in months. The rally was powered by positive global cues — including a fragile ceasefire in the Middle East, easing U.S. dollar strength, and cooling oil prices — all of which reduced macroeconomic uncertainty and improved risk appetite. With the domestic outlook already stable, this global tailwind gave bulls a renewed reason to charge.

The surge wasn’t isolated to large-cap benchmarks. Sectorally, the gains were widespread and resilient. Banking and financial stocks led the pack, supported by continued growth in credit disbursements and optimism around upcoming bank earnings. HDFC Bank and Shriram Finance were standout performers, contributing significantly to the Nifty Bank’s surge to a record high. Metals followed closely, gaining almost 2%, as a weakening U.S. dollar boosted global commodity prices and investor demand for hard assets. Interestingly, Oil & Gas also saw gains, despite softening crude prices, as refiners and PSU oil majors like ONGC and BPCL attracted fresh buying.

A particularly interesting narrative emerged from the power and utilities segment. Public-sector giant NTPC gained nearly 2% and held strong despite still being 25% below its 52-week high. Analysts interpret this movement as a slow but steady accumulation phase, especially in a sector viewed as a defensive hedge amid economic volatility. Long-term institutional investors appear to be quietly rotating capital into utilities — a pattern worth watching.

Adding fuel to the fire was the sensational debut of HDB Financial Services’ IPO, which garnered record subscription volumes. Backed by heavyweight investors such as HDFC, LIC, BlackRock, and Norway’s sovereign wealth fund, the IPO raised $1.5 billion — the largest Indian IPO so far in 2025. The offering was oversubscribed within just two days, with over 60% of allotments grabbed by enthusiastic retail investors. This clearly signals strong faith in the Indian financial services story, and the success of HDB’s issue could open the floodgates for other IPOs in the pipeline.

Even beyond blue-chip companies and IPO excitement, broader market momentum remained robust. A wave of mid-cap and small-cap stocks hit their 52-week highs, including names like Ishan Dyes, Prabha Energy, and Indosolar. This trend of deeper market participation suggests confidence is percolating down the cap curve — a classic hallmark of a healthy bull run. Technical analysts point out that the market breadth — a metric that tracks how many stocks are rising versus falling — is at one of its most bullish readings since early 2024.

Despite the positive tone, today also marked the monthly derivatives expiry, and traders saw pockets of intraday volatility. Experts suggest that with the Nifty having broken above the 25,300 mark, the next immediate support level lies at 25,000, while resistance is expected around 25,800–26,000 in the short term. Hence, while long-term investors are enjoying the uptrend, traders are advised to tread with caution, especially as quarterly earnings season looms and monsoon progress needs monitoring.

In conclusion, today’s market performance paints a picture of resilient domestic strength meeting favorable global winds. From frontline indices to niche IPOs and undervalued midcaps, opportunities are surfacing across the board. The breadth, volume, and momentum reflect a maturing, diversified market that’s no longer entirely reliant on a few heavyweight stocks. However, short-term caution remains key with derivative expiry fluctuations and global cues still fluid. Investors should maintain a balanced allocation — riding the momentum, but staying nimble.

Sensex & Nifty Surge

On June 26, 2025, the Sensex soared over 1,000 points (+1.21%) to 83,755, while the Nifty advanced 304 points (+1.21%) to 25,549, marking a 9‑month high . This was powered by easing global tensions—especially a ceasefire in the Middle East—a softer dollar, and cooling crude prices .

Insight: This sustained rally signals strong investor sentiment and continued momentum across global and domestic equities.

Sectoral Gains: Financials, Metals & Banks

Banking/Financials led the charge, with the Nifty Bank index hitting all‑time highs, driven by strong credit growth and standout performances from HDFC Bank and Shriram Finance.

Metals gained ~2%, boosted by dollar depreciation and demand optimism.

Oil & Gas saw ~1.8% rise, aided by softening crude prices.

Power & Utilities Highlight

NTPC rose 1.9% to ₹337—outperforming peers despite staying 25% below its 52‑week peak, reflecting steady utility demand .

Insight: Utilities continue to attract interest for defensive stability amid volatility.

HDB Financial IPO Frenzy

HDB Financial Services’ IPO raised $1.5 billion, fully subscribed in two days—India’s largest so far in 2025 . With backing from HDFC, LIC, BlackRock, and Norway’s sovereign funds, retail investors claimed 64%.

Insight: IPO appetite remains strong, signaling bullish capital flow and investor confidence.

Small Caps & 52‑Week Highs

Several mid‑ and small‑cap stocks—such as Ishan Dyes, Prabha Energy, and Indosolar—hit 52-week highs, underscoring robust broader market breadth .

Insight: Strength beyond mega-caps implies broader optimism and room for alpha generation.

Volatility Watch: Derivative Expiry

Today’s monthly derivative expiry may introduce intraday choppiness. Analysts expect support at 25,000 and resistance around 25,300 on the Nifty .

Insight: Despite the rally, short-term pullbacks remain possible—strategic traders should proceed cautiously.