Markets buoyed by Iran-Israel ceasefire, falling oil prices; MCX, Glenmark, Adani Group stocks in spotlight
Key Highlights
- Sensex climbs 643 points, Nifty gains 186 points as indices trade higher.
- Smallcap, IT, Media and Auto stocks rally; India VIX falls 3%.
- MCX jumps 6%, Titan, Infosys, and M&M among top gainers.
- Ellenbarrie IPO sees weak Day 2 response; HDB Financial IPO opens tepid.
- Glenmark up after cancer drug launch; Adani stock hits new high.
Benchmark Indices Power Ahead
Indian equity markets witnessed strong bullish momentum on Wednesday, June 25, 2025, as cooling global tensions and falling crude oil prices lifted investor sentiment. By 2:00 PM IST, the BSE Sensex surged 642.92 points or 0.78% to trade at 82,701.63, while the Nifty50 rose 186.45 points or 0.74% to reach 25,226.85.
Broader Markets: Smallcaps Steal the Show
The Nifty SmallCap index soared 1.47%, outperforming the broader market. Meanwhile, the Nifty MidCap index edged up 0.38%, signaling positive breadth across the board. Volatility dropped, with India VIX falling nearly 3%, indicating calmer investor nerves.
Top Gainers & Losers on Sensex
Top Gainers:
- Titan Company, Infosys, M&M, Bharti Airtel, Tech Mahindra, and Eternal gained up to 3.5%, led by robust sectoral tailwinds in IT and consumption.
Top Losers:
- Bharat Electronics Ltd. (BEL), Kotak Mahindra Bank, and Axis Bank were among the few laggards, declining up to 3%.
Sectoral Snapshot: IT, Media and Auto Surge
- The Nifty IT index gained 1.7%, riding on easing U.S. rate hike fears and dollar softness.
- The Nifty Media index was up 2%, with investors turning optimistic amid improving ad revenues.
- Auto stocks also joined the rally, boosted by stable input costs and summer demand trends.
IPO Tracker: Mixed Sentiment
- Ellenbarrie Industrial Gases IPO, which opened on June 24, received a lukewarm 20% subscription so far, reflecting cautious investor sentiment. Its GMP stood at ₹6.
- The massive ₹12,500 crore IPO of HDB Financial Services, the NBFC arm of HDFC Bank, also got off to a slow start, despite being the largest ever by an Indian NBFC.
Buzzing Stocks Today
MCX Gains 6%
Shares of Multi Commodity Exchange (MCX) jumped over 6%, riding high on expectations of increased trading volumes following recent product innovations and rising commodity activity.
Adani-Backed ITD Cementation Hits New High
ITD Cementation India, now part of the Adani Group, surged to a record ₹860.95, marking a 66% gain over two months. Strong order book visibility drove investor optimism.
Glenmark Pharmaceuticals Up 3%
Shares of Glenmark gained nearly 3% following the launch of its anti-cancer drug Tevimbra (tislelizumab) in India, after regulatory approval. The drug, developed by BeiGene, is expected to expand Glenmark’s oncology portfolio.
Dixon Tech Slides 3%
In contrast, Dixon Technologies fell 2.8% after Phillip Capital flagged intensifying competition in mobile phone assembly. The brokerage slashed the target price to ₹9,085 from ₹11,077.
Dee Development Engineers Surges 6%
Dee Development Engineers climbed 6.03% after bagging a $10 million piping fabrication order from an international client, pushing its stock to ₹321.9.
Global Cues & Oil Market Trends
Crude oil prices rebounded 2%, reversing earlier losses as investors weighed the Iran-Israel ceasefire and potential Fed rate cuts in the U.S. The de-escalation of geopolitical tensions lowered safe-haven demand for gold, which hit a three-week low before rebounding above $3,340/oz.
Regulatory News: NSE Settlement Offer, RBI Extends Market Timings
- The National Stock Exchange (NSE) has offered a record ₹13.88 billion ($160 million) to SEBI to settle a long-standing regulatory case, clearing the way for its much-awaited IPO.
- The RBI extended interbank call money market trading hours to 7 PM IST, effective July 1, and expanded repo market hours till 4 PM from August 1.
Market Outlook
With falling oil prices, easing geopolitical tensions, and improving global macro cues, Indian markets are poised for short-term stability. Experts advise a stock-specific approach, especially in IT, smallcaps, and select financials.
