US data, IPOs, FIIs to drive market this week : June 29,2025
Despite a cautious start to the week, indexes gained traction in the middle of the week as worries over the Iran-Israel confrontation diminished and the demand for risk throughout the world increased.
With major indices, the Sensex and Nifty 50, reporting strong gains bolstered by generally bullish global trends, Indian stock markets maintained their upward momentum for a fourth consecutive session on Friday, June 27.
The Nifty 50 gained 89 points, or 0.35%,to close at 25,637.80,while the Sensex finished the day 303 points,or 0.36%,higher at 84,058.90.Overall,there were gains,with the BSE Smallcap index increasing by 0.54% and the BSE Midcap index increasing by 0.38%.
The Sensex has jumped 2,162 points, or over 3%, over the last four days, and the Nifty 50 has also gained significantly, by about 3%.
Markets continued their upward trajectory on Friday, finishing the day with slight gains. The Nifty began the day flat and then progressively rose during the first half before entering a range-bound pattern that lasted until the closing. At 25,637.80,it finally leveled off close to the day’s peak.The broad-based market participation indicates that risk sentiment has improved due to the current geopolitical stability.Furthermore encouraging news about possible trade agreements may bolster the bullish sentiment even more. With a focus on picking stocks carefully for better chances,we still advise a “buy on dips” approach on the index,according to Ajit Mishra,SVP,Research at Religare Broking Ltd.
Trends in the Indian stock market :
Despite a cautious start to the week, indexes gained traction in the middle of the week as worries over the Iran-Israel confrontation diminished and the demand for risk throughout the world increased.The benchmark indexes,the Nifty and the Sensex,thus closed the week near their peak values,closing at 25,637.80 and 84,058.90,respectively.
Regarding the Nifty forecast,Rupak De,Senior Technical Analyst at LKP Securities,stated: The Nifty kept rising as market confidence held firm. Since there isn’t any significant resistance before 25,750–25,800, the index might keep rising. It might take some time to hit the 25,800 level, though, and the rally might not be strong.After the recent rapid increase, a buy-on-dips approach seems more suited at current prices.
Support is positioned at 25,500 on the downside; a breach below this mark may result in consolidation.
“Bank Nifty on the weekly chart has formed a sizable bull candle with a higher high and higher low signaling strength and continuation of the up move,” stated brokerage company Bajaj Broking in reference to the Bank Nifty outlook.
In the process, the index surged to a new record high. The inferred pattern goal indicates an upward possibility towards 58,000-58,500 marks during the upcoming sessions, given the recent breakthrough from the consolidation zone of 56,000–53,500.Bullish price structure and momentum indicators provide additional support for this prediction.
The 20-day EMA and the most recent swing lows from the previous week are two technical elements that have come together to provide a crucial support base that has been recalibrated to the 56,000–55,500 level on the downside.
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