Sensex, Nifty Poised for Firm Open; Global Markets Mixed, Crude Gains on Inventory Draw

Mumbai, June 26, 2025 — Indian equities are set for a steady start on Thursday, with GIFT Nifty indicating a positive bias. The index was last seen trading at 25,293.50, up 8.50 points or 0.03%, as of 7:39 AM. During early trade, it moved between a low of 25,282.00 and a high of 25,327.00, with an opening print of 25,317.50 against the previous close of 25,285.00.

Global Cues: Wall Street Ends Mixed; Powell’s Testimony and Geopolitical Calm in Focus

US markets closed mixed as investors reacted to Federal Reserve Chair Jerome Powell’s congressional testimony and monitored the Israel-Iran ceasefire. The Dow Jones Industrial Average fell 106.59 points (0.25%) to 42,982.43, while the S&P 500 was virtually flat at 6,092.16. The Nasdaq Composite advanced 61.02 points (0.31%) to close at 19,973.55.

Domestic Markets Recap: Sensex Surges 700 Points, Nifty Crosses 25,200

On Wednesday, benchmark indices in India continued their upward trend for a second day. The Sensex climbed 700.40 points (0.85%) to 82,755.51, while the Nifty rose 200.40 points (0.80%) to close at 25,244.75.

The rally was broad-based, with the BSE Midcap index up 0.6% and the Smallcap index gaining 1.6%, marking four consecutive sessions of gains.

Top gainers included Titan Company, Infosys, M&M, Grasim Industries, and JSW Steel. Meanwhile, Bharat Electronics, Kotak Mahindra Bank, Eicher Motors, Axis Bank, and ONGC were among the key losers.

All sectoral indices ended in positive territory, led by auto, consumer durables, IT, telecom, healthcare, and media, each up 1–2%.

Oil Prices Rise on US Inventory Draw

Oil extended gains as US crude inventories posted a larger-than-expected drop, reflecting strong demand. The uptick came amid continued investor caution over the geopolitical situation in the Middle East.

Corporate Watch: Mobikwik Block Deal Expected

In corporate news, Net 1 Applied Technologies Netherlands BV is likely to sell an 8% stake in One Mobikwik Systems through block deals, according to market sources.

Market Outlook: Buoyed by steady global signals, healthy crude trends, and sustained domestic buying, Indian markets are positioned for a firm open. Investors will keep a close eye on geopolitical updates, central bank cues, and institutional flows throughout the session.

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