View on Market Performance for 26 June, 2025 

Mumbai, 26 June – Nifty Soars to Eight-Month High, Surged Over 300 Points 

Nifty rose for the third consecutive session by surging 304 points or 1.21%, to close at 25549. This marks its highest level since October 1st, 2024, signaling strong bullish momentum. Leading the charge among the top performers on the Nifty were Shriram finance, Jio Finance and Tata steel. Conversely, Dr. Reddy’s, Tech Mahindra, and Wipro ended the session as major losers, facing some profit booking.  

On this monthly expiry day, trading volumes on the NSE cash market were higher by 17% compared to yesterday, indicating increased participation.  

The Indian Rupee also reflected the market’s bullish sentiment, appreciating by 38 paise against the US Dollar to close at 85.70, its highest close since June 12th. This rise in the rupee was primarily driven by a weaker US Dollar Index, which has plummeted to a three-year low amidst growing speculation that US President Donald Trump is considering nominating the next Federal Reserve chair early, potentially paving the way for a more dovish monetary policy.  

The Midcap and Smallcap Indices continued their upward journey for the fifth day in the row. Nifty Midcap 100 gained 0.59% while Nifty Smallcap 100 rose 0.42%. Market breadth remained positive for the second day in the row, with advancing stocks significantly outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.90.  

Amongst the sectoral indices, Nifty Metal, OIL/GAS and Financial services gained the most while Nifty Media, Realty and IT are the three sector ended in the red.  

From a technical perspective, the Nifty has emphatically surpassed its crucial swing high resistance of 25,317 and closed well above it. This strong move confirms a breakout from its consolidation phase, and the Nifty is now expected to head towards the next resistance band of 25,640-25,740, where an unfilled gap lies on the daily charts. On the downside, the previous resistance of 25,317 is now expected to interchange its role as a strong support going forward, reinforcing the bullish structure of the market. 

Source: HDFC Securities – Prime End of the Day Summary 

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