Indian equities advanced on Wednesday, buoyed by a global risk-on rally after tensions in the Middle East eased
Gaurav Garg,
Lemonn Markets Desk
Mumbai, June 25, 2025: “Indian equities advanced on Wednesday, buoyed by a global risk-on rally after tensions in the Middle East eased. The Nifty 50 gained 0.8% to 25,244.75, and the BSE Sensex rose 0.85% to 82,755.51 by mid-morning.
All 13 major sectoral indices registered gains, reflecting improved sentiment. The rally was led by small- and mid-cap stocks, with the Nifty Smallcap 100 climbing 1.49% and the Nifty Midcap 100 advancing 0.4%. Index heavyweights HDFC Bank and Reliance Industries rose about 1% each, supporting the benchmark gains.
Global cues were notably strong. The MSCI World Index hit an all-time high, while Asian and emerging market equities surged to their highest levels since early 2022, helped by easing geopolitical tensions and robust institutional flows.
Among individual stocks, Multi Commodity Exchange rallied 4.3% after UBS reiterated its “buy” rating, citing strong volume growth amid heightened commodity volatility. Indian Hotels rose 2.3% following a positive initiation from JPMorgan, which projected a 16% upside over the next year. Indiamart Intermesh surged nearly 6% after Nuvama upgraded the stock to “buy” and sharply raised its target price, citing early signs of a demand rebound. Titan Company added 2% as Macquarie reaffirmed its bullish stance on the back of robust jewellery sales in Q1FY26.
Despite the optimism, we advise to remain watchful of geopolitical developments, crude oil movements, and upcoming earnings data, which could sway near-term market direction.
Shrikant Chouhan, Head Equity Research, Kotak Securities, adds:
Today, the benchmark indices continued their positive momentum, with the Nifty ends 200 points higher, while the Sensex was up by 700 points. Among sectors, the Media index outperformed, rallied 1.75 percent, whereas the Defense Index was the top loser, shed 2 percent. Technically, after a gap-up open, the market held its positive momentum throughout the day. A bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a further uptrend from the current levels.
For trend-following traders, now, 25000/82000 and 25100/82300 would act as key support zones. As long as the market is trading above these levels, the bullish sentiment is likely to continue. On the higher side, 25300/83000 would act as an immediate resistance zone for day traders. A successful breakout of 25300/83000 could push the market towards 25450-25500/83500-83650. However, below 25000/82000, the uptrend would become vulnerable.
