Mumbai: On 24 June 2025, the Indian equity market witnessed a strong rebound, with the benchmark Nifty 50 index jumping 291.90 points (1.17%) to close at 25,263.80, supported by a surge in financials, banks, and midcap counters. Positive global cues, easing geopolitical concerns, and robust sectoral participation drove sentiment higher.
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Opening: 25,179.90
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Day’s High: 25,317.70
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Day’s Low: 25,118.50
The rally was broad-based, with Nifty Next 50, Nifty Financial Services, and Nifty Bank all closing over 1% higher.
🧾 Sector Performance Overview on 24 June 2025
| Index | Closing Level | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,263.80 | +291.90 | +1.17% |
| Nifty Next 50 | 67,707.90 | +927.40 | +1.39% |
| Nifty Fin Service | 26,931.85 | +375.35 | +1.41% |
| Nifty Bank | 56,776.30 | +716.95 | +1.28% |
🚀 Top Gainers of the Day
Several midcaps saw exceptional gains, with BAJAJCON, EIEL, and MUKANDLTD leading the charts on the back of strong volumes and sector-specific triggers.
| Symbol | LTP | Change | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|
| EIEL | 242.00 | +30.57 | +14.46% | 245.65 | 582.34 |
| BAJAJCON | 198.18 | +29.09 | +17.20% | 136.44 | 264.49 |
| MUKANDLTD | 132.39 | +17.89 | +15.62% | 25.75 | 34.01 |
| FOODSIN | 119.26 | +16.19 | +15.71% | 39.55 | 46.18 |
| TNTELE | 13.27 | +1.51 | +12.84% | 9.40 | 1.24 |
Highlights:
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EIEL topped the turnover table among gainers, registering ₹582.34 crore in trading value.
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BAJAJCON surged 17% amid reports of improved FMCG demand and a bullish outlook in rural markets.
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FOODSIN and MUKANDLTD saw renewed investor interest on improving earnings outlook.
📉 Top Losers of the Day
Despite the upbeat mood, some stocks came under pressure due to profit booking and valuation concerns, especially in defense and auto ancillary segments.
| Symbol | LTP | Change | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|
| OSIAHYPER | 16.20 | -1.80 | -10.00% | 51.08 | 8.41 |
| GRSE | 3,267.00 | -225.70 | -6.46% | 31.48 | 1,043.68 |
| BEML | 4,508.80 | -279.90 | -5.85% | 14.64 | 667.56 |
| APOLLO | 202.31 | -11.69 | -5.46% | 118.41 | 246.03 |
| KPITTECH | 1,316.40 | -73.90 | -5.32% | 35.82 | 474.51 |
Notable Points:
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GRSE saw a steep correction after recent highs; heavy volumes indicate institutional profit booking.
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BEML and KPITTECH also corrected following concerns over stretched valuations.
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OSIAHYPER declined 10%, continuing its volatile trend from previous sessions.
🔍 Market Sentiment Drivers
Key reasons behind the day’s rally:
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Cooling of global crude oil prices, easing inflation concerns
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FII buying support, as seen in increased turnover across large caps
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Optimism around upcoming earnings season in Q2
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Improved global sentiment after the US Fed signaled a more dovish stance
✅ Conclusion: Strong Bounce Suggests Positive Underlying Sentiment
June 24 marked a decisive comeback for Indian equity markets after a volatile previous week. Strong buying interest in financials, industrials, and consumer goods indicates renewed risk appetite among investors. While select pockets witnessed profit-taking, the broader mood remains upbeat heading into the final week of June.
Market participants are expected to track upcoming macro data releases, foreign fund flows, and Q2 pre-earnings outlooks for further cues.
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