Sensex Jumps 900 Points, Nifty Hits 25,500 on Global

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India’s stock markets surged for the third consecutive session on Thursday, with benchmark indices Sensex and Nifty delivering standout gains as investor sentiment was buoyed by easing geopolitical tensions and supportive global cues. The rally was further strengthened by a positive outlook on domestic economic indicators and robust performance in heavyweight stocks.

The BSE Sensex jumped 910.93 points, or 1.1%, closing at 83,666.44, while the NSE Nifty climbed 271.20 points, or 1.07%, to 25,515.95, touching a fresh nine-month high. The momentum marks the indices' third straight day of gains, reflecting growing investor confidence amid improving international conditions.

A major catalyst for Thursday’s bullish trend was the de-escalation of tensions between Iran and Israel, followed by a ceasefire. U.S. President Donald Trump’s remarks at the NATO summit in The Hague further strengthened the mood. Trump revealed that talks with Iran are expected next week, signaling potential progress toward a new nuclear agreement, aimed at halting Iran’s nuclear ambitions.

This diplomatic development has placed global markets in a "risk-on" mode. According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The ceasefire between Israel and Iran has created optimism, although unresolved trade tariffs may cap further upside. The next key date for markets is July 9, when the 90-day pause on reciprocal tariffs ends.”

Positive global cues also played a crucial role. Asian markets, particularly Japan’s Nikkei 225 and China’s Shanghai Composite, traded in the green. Though U.S. indices ended mixed, futures pointed to a strong start, offering reassurance to investors.

In the currency market, the rupee appreciated by 21 paise, hitting 85.87 against the U.S. dollar in early trade. This strengthening trend is typically favorable for equities as it helps reduce import costs and boosts foreign investor sentiment. However, rising crude oil prices and persistent foreign institutional investor (FII) outflows limited gains.

Meanwhile, the RBI’s June bulletin highlighted the resilience of India’s economy, even amid global uncertainties. It pointed to sustained activity in industrial and services sectors, signaling strong macroeconomic fundamentals. “Despite global headwinds, India continues to show robust economic momentum,” the RBI noted.

The rally was led by strong performances in heavyweight stocks such as Bharti Airtel, Tata Steel, Bajaj Finance, Adani Ports, and Bharat Electronics. Blue-chip stocks like Reliance and Airtel rose as much as 2%, providing significant lift to index movement.

One of the standout performers was the Nifty Bank, which hit a new 52-week high of 57,076.95, driven by gains in private sector banks. HDFC Bank led the charge, reaching a fresh all-time high. So far in 2025, Bank Nifty has surged by 12%, underscoring the strength in India’s financial sector.

According to Anand James, Chief Market Strategist at Geojit, while the market outlook remains optimistic, a near-term correction or consolidation is not off the table.

“If the Nifty sees a dip, it could find support around 25,173–25,127 levels, with further downside possible near 25,014–24,940. On the upside, consolidation may occur near 25,330, with potential to advance toward 25,460–25,550,” he explained.

Disclaimer:
The views and investment tips mentioned in this article are for informational purposes only. Always consult certified financial advisors before making investment decisions. 

After months of subdued activity, India’s primary market witnessed a powerful resurgence in June 2025, with both mainboard and SME IPOs launching in large numbers. According to stock exchange data, eight large IPOs and 30 SME listings helped raise a cumulative ₹19,017 crore, marking the strongest monthly fundraising via IPOs in six months.

The sharp rebound follows a slowdown earlier in the year, driven by weak investor sentiment and geopolitical tensions. However, improved macro stability, regulatory pressures, and urgency among companies to capitalize on favorable windows have reignited the IPO engine.

Of the total, ₹17,688 crore was raised by eight mainboard IPOs, with the lion’s share attributed to HDB Financial Services’ ₹12,500 crore issue. Other major offerings included Kalpataru Projects (₹1,590 crore), Oswal Pumps (₹1,387 crore), and Ellenbarrie Industrial Gases (₹852.53 crore). Additional issuers like Sambhv Steel Tubes and Arisinfra Solutions also contributed to the fundraising momentum.

On the SME side, 30 companies launched IPOs in June to raise a combined ₹1,329 crore, the highest monthly tally in nine months.

Market experts link the surge in activity to Sebi’s regulatory deadlines, which prompted many firms to fast-track their listing plans to avoid the re-filing process in uncertain markets.

Despite the high volume, analysts urge caution, noting that not all IPOs are created equal. Several companies—especially larger IPOs—attract investor capital at the expense of the secondary market, sometimes hurting overall liquidity. Poor post-listing performance could further depress investor confidence.

Rajnath Yadav, Senior Analyst at Choice Broking, said many IPOs are being launched out of necessity rather than ideal timing. “A majority of recent IPOs are fresh issues, reflecting urgent capital requirements,” he said.

Currently, six major IPOs are open for subscription:

• HDB Financial Services
   
• Kalpataru Projects
   
• Ellenbarrie Industrial Gases
   
• Sambhv Steel Tubes
   
• Indogulf Cropsciences
   
• Globe Civil Projects
   

Together, these aim to raise over ₹15,800 crore, with HDB Financial accounting for 80% of the total.

Experts recommend a selective approach. Mahesh Ojha of Hensex Securities and Astha Jain of Hem Securities both back HDB Financial for its long-term growth story, albeit with limited listing gains. Their second pick is Ellenbarrie, with Globe Civil Projects recommended only for short-term plays.

Bajaj Broking echoes similar views, calling HDB Financial their top pick, citing a diversified business model. They also back Sambhv Steel for its niche product range and fair pricing, and Ellenbarrie for its strong fundamentals.

On the flip side, Sourav Choudhary of Raghunath Capital advises avoiding Globe Civil Projects due to low transparency and instead highlights Kalpataru Projects for listing gains only, with caution.

GMP (Grey Market Premium) trends show moderate optimism:

• Globe Civil Projects: ₹15 premium (~21% pop)
   
• Sambhv Steel: 10% expected gain
   
• Indogulf Cropsciences: 10% premium
   
• Ellenbarrie: ~5% expected gain
   
• HDB Financial: GMP dropped from ₹75 to ₹50
   
• Kalpataru: GMP fizzled out completely
   

This cautious enthusiasm underlines the broader concern about inflated valuations and uncertain listing performance.

In light of HDB Financial’s lower-than-expected pricing, questions are being raised over the hype surrounding pre-IPO investments. Some early investors continue to see gains, but those who joined the bandwagon recently are staring at losses.

Radhika Gupta, a market expert, warned against overhyping unlisted shares and stressed the importance of transparent valuations and long-term vision.

Astha Jain emphasized that IPOs are no longer guaranteed pop generators. The days of massive listing gains are likely behind us—long-term fundamentals should be the primary driver for IPO investors moving forward.

While June marked a record-breaking revival for the IPO market, experts agree that due diligence and strategic selection are crucial. Investors are encouraged to focus on valuation, growth outlook, and risk appetite, rather than chasing short-term returns.

With ₹19,000 crore mobilized and more listings on the horizon, the IPO season is far from over. But for retail participants, the mantra remains: Choose wisely, invest long-term.

Disclaimer:
This article is for informational purposes only. Investors should consult certified financial advisors before making any investment decisions.