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Yesterday’s Market Wrap and Today's Morning Report: Bulls Ride the Ceasefire Wave.....

Yesterday, the Indian equity markets surged for a second straight session, riding on global optimism and strong domestic cues.

  • Sensex jumped 700 pts to 82,755.51 (+0.85%).
  • Nifty 50 gained 200 pts to 25,244.75 (+0.80%).
  • India VIX dropped ~5% — volatility expectations down.
  • Top movers: Infosys (+2.15%), Reliance (+1.19%), HDFC Bank (+0.99%).
  • Broader market: 2,821 stocks advanced vs. 1,207 declined.
  • Brent crude up 1% at $67.80, Rupee slightly firmer at 86.0450.

Global Boosters:

  • Hopes of a Middle East ceasefire lifted sentiment.
  • Trump's backchannel diplomacy may be playing a role.
  • Wall Street stayed strong; Fed cautious but open to rate cuts.
  • NATO eyes raising defense spend to 5% of GDP by 2035.

Stock Highlights:

  • Exicom Tele-Systems +11.7% on EV unit boost.
  • Reliance Infra, Surya Roshni, Hindalco, RCF gained on strategic developments.
  • Adani Total Gas teams with Jio-bp for retail fuel upgrade.

IPO Pulse:

  • ArisInfra weak debut (21% below issue price).
  • HDB Financial IPO poor (0.37x), Globe Civil Projects strong (15.16x).
  • Mixed response for Kalpataru, Sambhv Steel, Ellenbarrie, GCP.

Global & Asia Morning Pulse:

Wall Street (June 25 close):

  • S&P 500 flat at 6,092.16.
  • Nasdaq up 0.31% at 19,973.55 (tech-led).
  • Dow dipped 0.25% to 42,982.43.
Powell: Fed “well-positioned to wait”; rate cuts not ruled out....

Asia-Pacific (Early June 26):

  • Japan Nikkei futures firm at ~39,055 on easing tensions.
  • Australia ASX 200 futures slightly weak at ~8,500.
  • Hong Kong Hang Seng futures down to ~24,326.
Cautious optimism across Asia, digesting Powell’s tone and geopolitics.

Technical Outlook:

Nifty 50:

  • Breakout above consolidation.
  • Support: 25,000–25,100 | Resistance: 25,400–25,800.
  • View: Buy on dips; strength confirmed by RSI & moving averages.

Bank Nifty:

  • Sideways-to-bullish with key level at 57,000.
  • Support: 56,250 | Resistance: 57,120–57,900.
  • View: Holding above 56,250 keeps bulls in charge.

Disclaimer: This is a market commentary for informational purposes only and not a recommendation to buy or sell any security. Please consult a qualified financial advisor.

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