Last Updated on June 25, 2026 8:47 pm by BIZNAMA NEWS
By Our Correspondent
Indian benchmark indices closed marginally higher on Thursday, extending their winning streak into a second consecutive session. The NSE Nifty 50 touched a more than one-month intraday high of 24,261.60 during mid-day trade, buoyed by sliding global crude prices and sustained buying momentum in automobile and fast-moving consumer goods (FMCG) counters.
However, aggressive profit-booking in the latter half of the trading session erased a significant portion of the intraday gains. Heavyweight losses in metals, IT, oil & gas, and energy sectors capped the market’s upside, though the Nifty managed to defend the psychological 24,000 mark at the close. Market breadth remained firmly in favor of the bears, with broader markets underperforming as mid-cap and small-cap indices closed in the red.
Market at a Glance
| Index | Closing Level | Absolute Change | Percentage Change | Two-Day Gain |
| S&P BSE Sensex | 77,100.47 | +109.25 | +0.14% | +1.18% |
| NSE Nifty 50 | 24,056.00 | +34.35 | +0.14% | +0.97% |
| BSE 150 MidCap | — | — | -0.44% | — |
| BSE 250 SmallCap | — | — | -0.51% | — |
Market Holiday Notice: Domestic equity markets will remain closed on Friday, June 26, 2026, in observance of Muharram. Regular trading on the BSE and NSE will resume on Monday, June 29.
Blue-Chips Lead, Broader Markets Lag
The market gains were spearheaded by heavyweights Mahindra & Mahindra, which surged 3.94%, and Maruti Suzuki India, climbing 3.81%. Banking major ICICI Bank also provided crucial support, closing 0.98% higher.
In contrast, the broader market painted a weaker picture. Out of the shares traded on the BSE, 1,641 advanced while 2,581 declined, and 192 remained unchanged. Reflecting the mixed trading stance and cooling anxieties, the NSE’s volatility gauge, India VIX, cooled off by 2.50% to settle at 13.05.
Macro Indicators & Global Cues
- Fixed Income & Forex: The yield on India’s 10-year benchmark federal paper eased marginally to 6.782%, compared to its previous close of 6.787%. In the currency market, the partially convertible rupee edged higher, hovering at 94.4000 against the US dollar against Wednesday’s finish of 94.5500.
- Commodities: MCX Gold futures for August 5, 2026 settlement advanced 0.24% to Rs 144,612. In international markets, Brent crude for July 2026 settlement tumbled 99 cents (1.34%) to $72.75 a barrel. Supply anxieties loosened significantly as stranded tankers exited the Strait of Hormuz following an initial diplomatic accord aimed at ending the conflict between the U.S., Israel, and Iran.
- Global Equities: European and Asian indices mostly closed higher, while Wall Street futures pointed to a firm opening. Sentiment in the technology sector was heavily reinforced by robust corporate updates from US chipmakers Micron Technology and Qualcomm, which temporarily put to rest recent market concerns regarding inflated artificial intelligence (AI) sector valuations.
Corporate Actions & Stocks in the Spotlight
- Airlines Fly High: Shares of aviation companies witnessed a sharp rally on the back of falling crude oil prices, which promise lower aviation turbine fuel (ATF) costs. InterGlobe Aviation (IndiGo) jumped 4.89% and SpiceJet rose 2.69%.
- Gold Financiers Hit: Plummeting yellow metal prices weighed heavily on non-banking financial companies (NBFCs) focused on gold loans. Muthoot Finance slid 3.39% and IIFL Finance lost 3.06%.
- Sterlite Technologies: Hit its 5% upper circuit to close at Rs 613.35 after launching its Qualified Institutional Placement (QIP) with a floor price fixed at Rs 613.69 per share.
- Standard Engineering Technology (SETL): Plunged 5.86% despite its board approving a strategic entry into AI data center engineering via the acquisition of a 51% stake in GScale Energy.
- Corporate Updates: Electrosteel Castings fell 1.65% following news of the resumption of its Mini Blast Furnace facility in West Bengal. PSU major RailTel Corporation of India shed 1.35% despite securing a Rs 29.83 crore network order from Southern Power Distribution Company of AP.
Primary Market Activity
The primary market saw mixed closing responses on the final day of bidding for two major public issues, while a third continued its book-building process.
- Advit Jewels IPO: Witnessed a massive retail and institutional frenzy on its final day, closing with an overwhelming subscription of 211.22 times, receiving bids for over 176.98 crore shares against an offer size of 83.79 lakh shares. The price band was set at Rs 130–138.
- Waterways Leisure Tourism IPO: Closed its final bidding window comfortably covered at 1.45 times subscription, drawing bids for 60.47 lakh shares against 41.84 lakh shares on offer within a price band of Rs 769–808.
- CSM Technologies IPO: Standing on its second day of bidding, the issue reached a subscription of 0.61 times (67.83 lakh shares bid against an offer of 1.11 crore shares). The issue closes on June 29, with a price band of Rs 107–113.