Indian Benchmark Indices Rise for 4th Straight Session Led by ICICI Bank and Reliance; Nifty Posts Highest Weekly Gain in Six Weeks
On Friday, June 27, Indian benchmark indices ended last week of June in the green, extending the rally for the 4th consecutive day. The Nifty 50 index has closed near its 9-month high, having earlier touched the same level in September 2024. The Sensex climbed over 300 points, while the Nifty 50 lifted by the strong contribution of ICICI Bank and Reliance Industries.
At the closing bell, the Nifty 50 ended up by 88.80 points or 0.35%, at 25,637.80. The Sensex jumped by 303.03 points or 0.36% to 84,058.90. On the weekly chart, the Nifty 50 index has closed in the positive territory with the gains of 2.09% and recorded the highest weekly gains in the last 6 weeks. As of June 27 close the index is only 2.37% below its all-time high.
Indian equity markets advanced after signing a trade agreement with China. U.S. President Donald Trump stated that a 'very big' trade deal with India is on the horizon, fueling investor optimism.
On the sectoral front, 9 out of 11 key sectors ended in positive territory. Meanwhile, broader indices like Smallcaps and Midcaps closed in the green.
Among individual stocks,
The Nifty Energy index surged by 1.03% on Friday. Adani Total Gas jumped over 5%, emerging as the top gainer among the Energy stocks. While the Nifty Realty Index fell by 1.45%.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended in green, with the Mid-cap 100 index soared by 0.27% and the Small-cap 100 index jumped 0.91%.
As of June 27, 2025, the Indian stock market witnessed positive market breadth. Out of 2,986 stocks traded on the NSE, 1,681 advanced, 1,229 declined, and 76 remained unchanged.
A total of 86 stocks touched their 52-week highs, while 24 hit their 52-week lows. Additionally, 105 stocks were locked in their upper circuits, whereas 40 stocks were in lower circuits. Disclaimer: The article is for informational purposes only and not investment advice.