Market Today Live: Sensex ends 700 pts higher, Nifty at 25,245; Small-caps, IT stocks rise

Talking about the rally in the market today, Vinod Nair, Head of Research, Geojit Investments, noted: "Domestically, a favourable monsoon forecast, and moderating inflation are further underpinning the optimism. Although the prospect of new U.S. tariffs presents a potential headwind, near-term market sentiment remains broadly positive."

Gains in key sectors like IT, auto, and FMCG drove the market’s upward momentum on Wednesday. Among the top contributors were Titan Company, Infosys, Tech Mahindra, and Bharti Airtel—the latter touching a 52-week high during the session.

Infosys shares witnessed notable intraday fluctuations on Wednesday, swinging between a low of ₹1,585.10 and a high of ₹1,611.00. As of 2.30 PM, the scrip was one of the top gainers on Sensex, trading upwards of 2%.

Shares of housing finance company Sammaan Capital soared nearly 18% in intraday trade on the BSE on Wednesday, June 25, marking a likely third straight session of gains. The rally came after the company issued an update regarding interest payments on its secured, redeemable non-convertible debentures (NCDs) issued via public offering.

The stock opened at ₹125.60, slightly above its previous close of ₹124.60, and quickly surged to an intraday high of ₹146.45. As of 1:05 PM, the shares were trading 17.42% higher at ₹146.30.

The shares of Reliance Industries gained over 1% today after brokerage firms CLSA and Citi projected almost 16% upside to the stock.

Titan Company Ltd. could see a potential upside of 17% from its last closing price, driven by strong demand in the jewellery segment, according to brokerage firm Macquarie.

Shares of IndiaMART Intermesh Ltd. jumped up to 5% today after brokerage firm Nuvama upgraded the stock to a “buy” rating, for the first time since October 2023.

Going ahead, the 25200–25300 zone can continue to act as resistance, not only due to the wedge but also because it coincides with the 78.6% retracement of the fall from all-time highs, said Sameet Chavan, Head Research, Technical and Derivative. On the downside, 24950 followed by 24800 would be seen as immediate support, he said.

“We expect consolidation to continue, with prices likely to remain within this range ahead of the June expiry as the momentum oscillator i.e. RSI Smoothened continues to hover in the overbought zone. Despite the choppy moves in key indices, broader markets remained buzzing, with nearly three advancing stocks for every decliner, indicating strong underlying bullishness. This stock-specific action is likely to continue amid sector rotation ahead of the monthly expiry,” said Chavan.

Shares of healthcare-focused contract manufacturer Influx Healthtech made a stellar debut on the NSE SME platform today. The SME stock debuted at ₹132.5 on the NSE SME platform, a up 38% over its issue price of ₹96 per share. The company offered shares in the price band of ₹91 to ₹96 with a lot size of 1,200 shares.

Extending opening gains, the Indian stock markets rallied nearly 0.7% in the first hour of trade so far as investors cheered ceasefire between Iran and Israel and falling oil prices. The BSE Sensex index rose over 600 points to 82,657, while the Nifty50 climbed 163 points to cross 25,200 mark.

Titan Company, Reliance Industries, HCL Tech, HUL, Ultratech Cement, Tech M, Power Grid, Trent, Tata Steel, M&M, and Infosys were the top gainers on the Sensex pack.

In line with street expectations, the Indian equity market opened higher on Wednesday, tracking positive cues from global peers. The BSE Sensex opened 394 points higher at 82,448.80 and the NSE Nifty belled the day at 25,150.35, up 106 points.