Sensex-and-Nifty-Soar-on-Ceasefire-News

 

Sensex crosses 82,700, Nifty above 25,200 — broad-based rally across sectors 

 

The stock market sees strong gains on Tuesday, June 24, 2025, after positive news from the global front. Equity benchmarks BSE Sensex and NSE Nifty 50 rise sharply as investors cheer the ceasefire announcement between Israel and Iran. The ceasefire brings relief to markets that were worried about the impact of tensions in West Asia. 

Overnight, the President of the United States, Donald Trump, declares a "complete and total" ceasefire between the two countries, ending what he calls the "12-day war." This announcement boosts investor confidence worldwide, including in Indian markets. 

 

Strong Gains for Sensex and Nifty 

 

The BSE Sensex index trades at 82,740, up by 843 points or 1.03 percent. The Sensex hits an intraday high of 82,853 as buying interest picks up across sectors. The Nifty50 also performs well, standing at 25,224, a rise of 252 points or 1.01 percent. During the session, Nifty50 touched an intraday high of 25,258, supported by positive sentiment and strong buying in heavyweights. 

 

Top Performers in Nifty

 

Several major stocks drive the gains in Nifty. Adani Ports, Shriram Finance, Mahindra & Mahindra (M&M), Ultratech Cement, Jio Finance, Larsen & Toubro (L&T), Adani Enterprises, State Bank of India (SBI), Asian Paints, Titan, and Axis Bank see notable gains. These stocks rise between 1.5 percent and 4 percent in trade. The strong performance of these companies adds momentum to the overall market. 

 

Broader Markets Join the Rally 

 

The broader markets move in line with the frontline indices. The Nifty MidCap index rises 1 percent, reflecting positive investor interest in mid-sized companies. The Nifty SmallCap index also gains 1 percent, indicating a broad-based rally across market segments. This shows that market optimism is not limited to large-cap stocks alone. 

 

Sectoral Indices in Focus

 

Most sectoral indices see healthy gains during the session. The Nifty Oil and Gas index adds 1.13 percent, led by strong moves in companies such as Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL), Mahanagar Gas Limited (MGL), Petronet LNG, and Castrol India. The sector benefits from easing crude oil prices following the ceasefire. 

The Nifty PSU Bank index gains 2 percent as public sector banks attract buyers. The ceasefire reduces worries of global economic disruptions, which could have hurt the banking sector. This leads to renewed interest in banking stocks, particularly those in the public sector. 

The Nifty Metal and Nifty Auto indices also post gains of around 1.5 percent each. The metal sector gets support from hopes of stable global demand and fewer supply chain disruptions. The auto sector benefits from easing input cost concerns and expectations of steady demand. 

The Nifty IT index advances 1 percent as technology companies are expected to gain from stable global markets and improved client spending. 

 

Global and Domestic Sentiment 

 

The announcement of the ceasefire between Israel and Iran changes the mood in global financial markets. Investors had been concerned about the possible economic fallout if the conflict had continued. The ceasefire helps reduce those fears, leading to buying in equities and risk assets. 

In India, the strong rally reflects both relief from geopolitical tensions and confidence in domestic economic fundamentals. The market response also signals that investors believe the ceasefire will help keep crude oil prices in check, which is important for the Indian economy given its dependence on oil imports. 

 

Currency and Commodities Update

 

The Indian rupee strengthens slightly against the US dollar as risk appetite improves and crude oil prices soften. Lower oil prices are positive for India’s trade balance and inflation outlook. 

In the commodities market, crude oil prices ease as the ceasefire reduces supply worries. This helps energy-intensive sectors such as oil marketing companies, transport, and chemicals. 

 

Outlook for the Market 

 

The market outlook remains positive in the short term as the ceasefire brings stability. Attention now turns to upcoming domestic factors such as the progress of the monsoon season, June quarter earnings, and policy measures from the Reserve Bank of India (RBI). 

Analysts suggest that while the market sees strong gains today, investors remain watchful of any further developments on the global geopolitical front. At the same time, focus stays on economic indicators, inflation trends, and interest rate expectations. 

 

Key Market Moves 

 

BSE Sensex: Up 843 points (1.03%) at 82,740; intraday high of 82,853 

NSE Nifty 50: Up 252 points (1.01%) at 25,224; intraday high of 25,258 

Top Nifty gainers: Adani Ports, Shriram Finance, M&M, Ultratech Cement, Jio Finance, L&T, Adani Enterprises, SBI, Asian Paints, Titan, Axis Bank 

Nifty MidCap index: Up 1% 

Nifty SmallCap index: Up 1% 

Nifty Oil & Gas index: Up 1.13% 

Nifty PSU Bank index: Up 2% 

Nifty Metal index: Up 1.5% 

Nifty Auto index: Up 1.5% 

Nifty IT index: Up 1%