The Indian stock market concluded Friday, June 27, 2025, on a strong positive note, extending its northward march for the fourth consecutive session. This robust performance was driven by broad-based buying, renewed investor optimism, and significant domestic tailwinds combined with easing global tensions. The session underscored the market's increasing depth and its growing ability to absorb external shocks, largely due to strong support from Domestic Institutional Investors (DIIs) and resilient economic activity.
Table of Contents
- Market Snapshot: Key Indices and Movement
- Sectoral Performance Overview
- Top Gainers and Reasons
- Top Losers and Reasons
- FII & DII Activity
- IPO Highlights
- Global Markets & Geopolitical Impact
- Economic Data & Policy Developments
- Final Market Wrap Up
Indian equity benchmarks demonstrated robust performance on Friday, building on recent momentum.
- Sensex: The BSE Sensex settled above the 84,000 mark, closing at 84,058.90, an increase of 303.03 points or 0.36 per cent. It traded within a range of 84,089.35 to 83,645.41.
- Nifty 50: The NSE Nifty50 also ended with gains, closing at 25,637.80, up by 88.80 points or 0.35 per cent. The Nifty50's trading range for the day was between 25,654 and 25,523.
Wrap-up: Both benchmark indices displayed sustained positive momentum, driven by broad-based buying. The market's ability to maintain gains highlighted significant underlying resilience, suggesting a growing independence from immediate global shocks due to robust domestic liquidity and investor confidence.
The market on June 27, 2025, showcased a varied performance across sectors, indicating a selective approach by investors.
- Top Gaining Sector: The Nifty Oil & Gas index emerged as a top performer, outperforming both its peers and the benchmarks by settling 1.19 per cent higher.
- Standout Sector Performance: The Indian financial services sector has been a standout performer in the first half of 2025, with the Nifty Financial Services Index surging nearly 15.5 per cent year-to-date. On Friday, this index hit an all-time high of 27,305.6 during intra-day trading.
- Sectors Facing Headwinds: Most indices on the NSE ended higher, with the exception of Nifty Consumer Durables, Realty, IT, and FMCG indices, which closed lower, indicating some selective profit booking.
Wrap-up: The strong performance of Oil & Gas and the continued rally in Financial Services suggest clear thematic drivers for investor interest. However, the underperformance of some sectors indicates a discerning market where investment decisions are being made based on specific sector outlooks rather than a broad buying spree.
Individual stock movements on June 27, 2025, reflected a dynamic interplay of sectoral trends and company-specific news.
- Jio Financial Services (JIOFIN): Surged by 3.02%, closing at ₹312.40. Its strong momentum was attributed to the successful completion of Jio Payments Bank share allotment and positive investor sentiment around the company's digital finance expansion strategy, further boosted by SEBI's approval of Jio BlackRock Broking.
- IndusInd Bank (INDUSINDBK): Climbed 2.89% to ₹860.30. This surge was driven by renewed optimism in the private banking sector, expectations of stable net interest margins, and improving asset quality.
- Power Grid Corporation (POWERGRID): Gaining 1.87% to ₹299.00, Power Grid Corporation benefited from increased government focus on renewable energy transmission infrastructure.
- Adani Enterprises (ADANIENT): The conglomerate rose by 2.27% to ₹2,644.80. Positive developments across its various business verticals, including airport operations and renewable energy projects, supported the rise.
- Asian Paints (ASIANPAINT): This decorative paints major advanced by 3.15% to ₹2,326.60, on expectations of improved demand in the decorative paints segment.
Wrap-up: The leading gainers were largely driven by positive company-specific news (Jio Financial, Akzo Nobel) or strong thematic tailwinds (Power Grid, Financials), indicating a selective investment approach focused on growth and strategic developments.
While the overall market advanced, some prominent stocks faced headwinds on June 27, 2025.
- Grasim Industries (GRASIM): Declined by 0.69% to ₹2,863.30, largely due to investors booking profits after a recent rally and broader concerns over global commodity price volatility.
- Dr. Reddy’s Laboratories (DRREDDY): Shares fell by 1.44% to ₹1,302.50. The pharmaceutical sector faced renewed selling pressure due to ongoing concerns over US FDA inspections and persistent pricing pressure in the US generics market.
- Bajaj Finance (BAJFINANCE): This leading NBFC saw a decline of 0.79% to ₹944.00, retreating from recent highs as investors reacted to sectoral rotation and cautious commentary surrounding consumer lending growth.
- Ethos Limited (ETERNAL): Shares slipped by 0.82% to ₹263.01, amid broader weakness in discretionary retail and luxury segments.
- Bajaj Finserv (BAJAJFINSV): The financial services major witnessed a decline of 0.86% to ₹2,036.00, due to sector-wide profit booking and concerns over regulatory changes impacting insurance and lending businesses.
Wrap-up: The presence of prominent losers despite the overall positive market suggests active sectoral rotation and profit booking, particularly in segments that have seen strong rallies or face specific headwinds. This indicates that investors are becoming more discerning, shifting capital from potentially overvalued or challenged sectors.
The interplay between Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) is a critical indicator of market sentiment.
- FII Activity (June 26, 2025): FIIs were significant net buyers in the cash segment, purchasing shares worth ₹12,594.38 crore, marking the highest daily inflow this month. They also showed a strong bullish stance in derivatives, buying index futures worth ₹4,807 crore and index options worth ₹32,273 crore. However, FIIs have shown overall outflows month-to-date in June, with net sales of ₹-5,670.92 crore.
- DII Activity (June 26, 2025): In contrast, DIIs were net sellers in the cash segment, offloading stocks worth ₹195.23 crore. Despite this single-day net selling, DIIs have consistently provided strong support to the Indian markets throughout June, with net purchases amounting to nearly ₹70,000 crore month-to-date.
Wrap-up: The robust FII inflows on Thursday, June 26, were a key factor in propelling Indian stock indices to year-to-date highs, signaling renewed foreign confidence. However, the consistent and substantial buying by DIIs throughout June has played a vital role in offsetting foreign selling pressure, providing a strong domestic foundation and maintaining the market's upward momentum. This dynamic highlights a growing maturity in the Indian market, where domestic capital can absorb foreign outflows, contributing to overall stability.
The primary market remained abuzz on June 27, 2025, with several Initial Public Offerings (IPOs) closing their subscription periods and new listings making their debut.
- HDB Financial Services IPO: Closed its subscription on June 27, 2025, subscribed a robust 16.10 times overall. Qualified Institutional Buyers (QIBs) showed overwhelming interest, subscribing 52.65 times, Non-Institutional Buyers (NIIs) subscribed 10.45 times, and Retail investors subscribed 1.42 times. Allotment is scheduled for June 30, with listing expected on July 2.
- Sambhv Steel Tubes IPO: Also concluded its bidding on June 27, 2025, with strong investor demand, booked nearly 4 times overall. QIBs subscribed 11.29 times, NIIs subscribed 16.13 times, and the retail portion was booked 4.77 times.
- SME IPO Listings Today:
- Aakaar Medical Technologies Ltd.: Listed on the NSE SME platform at ₹75 apiece, a premium of 4 per cent over its issue price of ₹72. However, it failed to sustain its listing gains, slipping to ₹71.25 apiece post-listing.
- Safe Enterprises Retail Fixtures Ltd.: Made a firm debut on the NSE SME, listing at ₹151 apiece, a premium of ₹13 or 9.42 per cent over the issue price of ₹138. The stock extended its gains shortly after listing.
- Mayasheel Ventures Ltd.: Debuted with a substantial 23 per cent premium over its IPO price.
- GMP Trends: The Grey Market Premium (GMP) for Sambhv Steel Tubes increased to ₹12 per share, suggesting potential listing gains of approximately 15 per cent. For Aakaar Medical Technologies, the GMP was ₹0, signaling tepid expectations. Safe Enterprises Retail Fixtures' GMP was around 4.35%, but it listed at a higher premium.
- Upcoming IPOs: The Crizac IPO is scheduled to open from July 2 to July 4. The Indogulf Cropsciences IPO closes on June 30. Rayzon Solar and Credila Financial Services have filed DRHPs, indicating a strong pipeline.
Wrap-up: High subscription rates for HDB Financial Services and Sambhv Steel Tubes indicate strong institutional confidence and appetite for quality issues, positive for the primary market. However, the mixed performance and volatility observed in SME listings highlight inherent risks and the importance of fundamental analysis beyond initial listing premiums.
Several key domestic and global developments significantly influenced market movements on June 27, 2025.
- Global Trade Easing: The White House signaling a more flexible stance on looming tariff deadlines, particularly the July 8 tariff deadline, effectively eased global trade tensions and sparked a "risk-on" sentiment across markets.
- Positive Global Cues: Strong overnight rallies in US markets (S&P 500 +0.8%, Nasdaq +0.97%, Dow Jones +0.94%) and positive openings in Asian markets (Japan's Nikkei 225 +1.22%) provided a strong tailwind for Indian equities.
- Crude Oil Updates: Global crude oil prices were set for a weekly decline despite a slight uptick on Friday. Brent crude traded near $68.19 per barrel, and WTI was at $65.7 per barrel. The primary reason for the downward trend was the easing of Middle East supply concerns following an Iran-Israel ceasefire announcement. Lower oil prices are generally beneficial for India.
- US Federal Reserve Commentary: The US core Personal Consumption Expenditures (PCE) Price Index was forecast to rise. Markets broadly expected the Federal Reserve to maintain current interest rates in July. Fed Chairman Jerome Powell indicated that policymakers might remain on hold until the impact of tariffs on prices becomes clearer.
Wrap-up: The de-escalation of global trade tensions and easing Middle East geopolitical concerns directly contributed to a "risk-on" environment globally, providing strong positive cues for India. This highlights how geopolitical stability and clear trade policy signals can quickly translate into increased investor confidence and capital flows across interconnected global markets.
Beyond the daily movements, broader economic and global factors played a crucial role in shaping investor sentiment.
- RBI Decisions and Liquidity: The Reserve Bank of India (RBI) actively managed liquidity, draining ₹84,975 crore of excess cash through a 7-day variable rate reverse repo (VRRR) auction. This operation aimed at aligning overnight borrowing costs with the policy rate (5.5%). As of June 26, the banking system still maintained a liquidity surplus of approximately ₹2.5 lakh crore. The RBI projects Real GDP growth for 2025-26 at 6.5% and CPI inflation for FY25-26 at 3.7%.
- US Federal Reserve News: Speculation around political influence on the US Fed and the anticipation of a July rate cut weakened the US Dollar, creating a favourable environment for emerging market currencies like the Indian Rupee, as a weaker dollar makes foreign investments in India more attractive.
- Global Geopolitical Factors: The Iran-Israel ceasefire and the White House's flexible stance on tariffs contributed significantly to positive global sentiment, fostering a risk-on environment conducive to higher risk appetite among investors.
Wrap-up: The RBI's proactive stance on liquidity management alongside its positive economic assessment of India's activity acted as significant domestic tailwinds. This highlights India's internal resilience, suggesting that while global factors provide momentum, robust domestic fundamentals are crucial for sustaining market rallies and attracting investment.
The Indian stock market displayed notable resilience on June 27, 2025, closing with gains primarily boosted by the easing of global trade tensions, stabilized crude oil prices due to de-escalation in the Middle East, and strong domestic fundamentals.
Domestic Institutional Investors (DIIs) continued their vital role in providing market support, effectively absorbing Foreign Institutional Investor (FII) selling over the month and underscoring the increasing strength of domestic liquidity. The significant one-day FII inflow on Thursday further bolstered market sentiment.
The HDB Financial Services IPO concluded with robust subscription figures, particularly from institutional investors, indicating strong appetite for quality issues. However, the mixed performance of SME listings highlighted the need for careful selection.
Sectoral performance was varied, with Oil & Gas leading the gains, and the Financial Services sector maintaining its strong year-to-date performance, signaling optimism in core economic areas. Some sectors experienced profit booking, indicating a discerning market.
Looking ahead, investors are advised to prioritize granular stock picking and closely monitor upcoming economic data like India's Industrial Production and US PCE inflation, as these will provide fresh fundamental insights.