Market snapshot
Equities: Thursday close
The Nifty opened with a 104-point gap-up at 24,126. Positive global cues helped the early move, as crude oil slipped below $70 per barrel. The index moved toward 24,250 by around noon.
The rally did not last. Profit-booking started later in the session. Selling became stronger after 2 PM, and the Nifty slipped below 24,100. It finally closed at 24,056.00, up only 0.14%, near the day's lows.
The Sensex closed at 77,100.47, also up 0.14%. The broader market was weaker, with midcaps, smallcaps, and microcaps all falling.
| Index | Close | Day change |
|---|---|---|
| Nifty 50 | 24,056.00 | +0.14% |
| Sensex | 77,100.47 | +0.14% |
| Nifty Next 50 | 72,199.55 | +0.19% |
| Midcap 150 | 22,751.05 | −0.53% |
| Smallcap 250 | 17,704.70 | −0.45% |
| Microcap 250 | 24,955.40 | −0.62% |
Zerodha Markets; 25 June 2026 close.
Sectors
Auto was the strongest sector, rising 2.25%. FMCG and Realty also ended higher. Metal was the weakest sector, down 1.37%, followed by IT, Energy, and Consumer Durables.
Zerodha Markets; 25 June 2026 close.
F&O gainers and losers
MOTHERSON, INDIGO, and OFSS were the top F&O gainers. BANDHANBNK, NATIONALUM, and HINDZINC were the top losers.
Zerodha Markets; Zerodha AfterMarket Report; 25 June 2026 close.
Commodities, currency, and yields
Gold ended slightly higher at ₹1,41,428 per 10g, while silver rose 1.70% to ₹2,16,699 per kg. Crude oil eased 0.70% to ₹6,622 per barrel. Natural gas rose 3.01% to 311.50.
Among base metals, copper rose 1.67% and zinc rose 0.21%. Aluminium was almost flat, down 0.06%.
Zerodha Markets; 25 June 2026 close.
USD/INR settled at 94.44, down 0.11%. The India 10-year bond yield was 6.77, down 0.19%. The US 10-year yield was 4.41, up 0.23%.
| Indicator | Level |
|---|---|
| USD/INR | 94.44 |
| India 10Y yield | 6.77 |
| US 10Y yield | 4.41 |
Zerodha Markets; 25 June 2026 close.
Institutional flows
On 24 June, FIIs were net sellers of ₹1,843.0 crore. DIIs were net buyers of ₹3,637.0 crore.
Over the five sessions from 18 June to 24 June, FIIs were net buyers of ₹1,373.0 crore. DIIs were net buyers of ₹7,710.0 crore.
Zerodha Markets; 25 June 2026 close.
Macro view: Growth and energy
Core sector growth at seven-month low
India's eight core industries grew 0.5% year-on-year in May. This was slower than the 1.8% growth seen in April and was the weakest reading in seven months.
Five of the eight industries contracted. Electricity was the strongest segment, growing 8.7%. Cement grew 8.4%, and steel grew 5%.
Coal recorded the sharpest fall, down 9.3%. Refinery products fell 8.7%, natural gas fell 4.9%, crude oil fell 4.6%, and fertilizers fell 0.9%.
Mint; CMIE; 26 June 2026.
Russian crude share rises above 50%
India's Russian crude imports averaged 2.66 million barrels per day in the first three weeks of June. This lifted Russia's share of India's oil purchases above 50%.
Russian crude imports had averaged 1.91 million barrels per day in May, up from 1.04 million barrels per day in February. The UAE was India's second-largest crude supplier in June, followed by Saudi Arabia.
Mint; Kpler; 26 June 2026.
LPG curbs eased
The government removed sectoral restrictions on non-domestic packed LPG on Thursday. This restored bulk LPG supply to 50% of pre-crisis consumption levels, based on a 25 June letter from oil secretary Neeraj Mittal.
Restrictions on domestic LPG bookings remain in place. The minimum refill interval is 25 days in urban areas and 45 days in rural areas.
Mint; 26 June 2026.
Macro view: Agriculture, monsoon, and RBI
Monsoon and kharif sowing
The agriculture ministry has identified 111 districts with irrigation coverage of 25% or less for contingency planning.
Kharif sown area reached 11.99 million hectares until 19 June. This was 1.7% higher than a year ago. However, cotton, soybean, and urad sowing remained below last year's levels.
Mint; 26 June 2026.
RBI projections
At its 5 June policy meeting, the RBI cut its FY27 growth projection to 6.6% from 6.9%. It also raised its inflation forecast to 5.1% from 4.6%.
Bloomberg consensus estimates for FY27 retail inflation have also moved up. They have risen from 4% at the start of the year to 4.9%.
During 1 June to 23 June, cumulative monsoon rainfall was 42% below the long-period average. Weak rainfall can affect farm output, food prices, rural demand, and the broader inflation outlook.
Mint; Bloomberg; IMD; 26 June 2026.
Macro view: Pharma, banking, and trade
Drug traceability and enforcement
The health ministry expanded mandatory track-and-trace requirements under Schedule H2 of the Drugs Rules, 1945.
The requirements now cover all vaccines, antibiotics, cancer drugs, and narcotic and psychotropic substances. The provisions for vaccines, narcotics, psychotropics, and anti-cancer medicines will take effect from 1 July 2027. The provisions for antimicrobial drugs will take effect from 1 July 2028.
Separately, the DCGI ordered a nationwide crackdown on smuggled and unapproved medicines entering through unauthorised channels from neighbouring countries, including Bangladesh. The directive was issued on 22 June.
India's pharmaceutical market is valued at $50 billion. The CDSCO has flagged 90 unapproved fixed-dose combination drugs.
Mint; 26 June 2026.
Banking and financial inclusion
The finance ministry asked public sector banks to ensure branch access in villages with populations above 3,000.
Banks were asked to open 576 such branches in FY26. Of these, 511 have opened, while 65 are yet to become operational.
Separately, the RBI proposed allowing NBFCs, HFCs, AIFIs, and companies to access the term money market. Comments have been invited by 25 July.
Mint; RBI; 26 June 2026.
Trade and data points
Trade minister Piyush Goyal said India and the US are “very close” to finalising a trade deal.
India started an anti-dumping investigation against three products from China: thermal paper, BOPA film, and certain antioxidants. Anti-dumping probes look at whether imports are being sold at unfairly low prices and hurting domestic producers.
India ranked 13th among 89 economies in the QS World Future Skills Index 2027. It had a score of 89.42 and led all lower-middle-income economies.
Mint; 26 June 2026.
Corporate action and earnings
| Company or action | Detail |
|---|---|
| Amazon | Amazon will invest $48 billion in India between 2026 and 2030. This will take its cumulative investment in India to more than $88 billion since 2010. The plan includes an additional $13 billion to expand AI and cloud infrastructure by 2030. Mint reported that the fresh $13 billion will expand AWS data centre capacity in Mumbai and Hyderabad. This is on top of a previously pledged $35 billion-plus by 2030. Amazon is also opening more than 20 new fulfilment centres and over 100 new delivery stations this year. |
| ONGC and BP | ONGC and BP signed a technical services agreement for ONGC's Western Offshore Basin. This expands their collaboration beyond Mumbai High. BP will help improve production from the region, which includes 43 offshore blocks. |
| PSU stake sales | The government has raised about ₹25,491 crore through offer-for-sale stake sales in eight listed PSUs so far in 2026. This is the highest annual mobilisation through this route in 11 years. |
| Sterlite Technologies | Shares rose nearly 5% after the company launched a Qualified Institutions Placement of equity shares to strengthen its capital base. |
| Credit cards, May | SBI was the largest issuer, adding 1.82 lakh new cards. SBI card spending rose 2% month-on-month to ₹38,556 crore. ICICI Bank added 1.68 lakh cards. HDFC Bank remained the largest by card base, with spending of ₹59,138 crore, the highest among the top five issuers. |
| Tata AutoComp | Tata AutoComp entered joint ventures with South Korea's Jahwa Electronics in May 2026, Germany's Bosch in March, and Mexico's Katcon Global in May 2025. It also acquired interior maker IAC Slovakia in February 2026. The company recorded revenue of ₹13,095 crore and net profit of ₹735 crore in 2024-25. |
| Adani Airport City | Adani Airport City announced a plan to develop integrated airport cities with investment of more than ₹20,000 crore in the first phase. The plan covers around 22 million sq ft over 655 acres across six airports in five states: Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur, and Guwahati. |
| JSW Infra and HDFC Life | JSW Infrastructure's QIP, launched on 22 June, received bids worth more than ₹50,350 crore against an indicative issue size of up to ₹7,503 crore. The floor price was ₹285 per share. HDFC Life reported 12% year-on-year growth in total reported premium in FY26. Retail protection grew 43%, and new business market share was 10.8%. |
Mint; Zerodha; 26 June 2026.
Corporate briefs: Toddle, Harvey AI, and rare-earth magnets
Edtech platform Toddle launched a process to raise $50 million to $100 million. Its revenue from operations rose nearly 60% year-on-year to ₹114.4 crore in FY25. Losses narrowed to ₹42.2 crore.
Harvey AI, which raised $200 million at an $11 billion valuation on 25 March, has set up full-scale engineering and policy operations in India.
Vedanta executive vice-chairman Navin Agarwal is investing ₹1,250 crore in his personal capacity in NAN MagneTech to make rare-earth permanent magnets. The deadline to file applications under the ₹7,280 crore PLI scheme is 29 June 2026.
Mint; 26 June 2026.
Upcoming events
Economic releases
The following are scheduled releases, not confirmed outcomes.
Mint; Zerodha Economic Calendar; BSE; 26 June 2026.
Corporate actions: ex-date
The following corporate actions are listed by ex-date.
| Company | Action | Ex-date |
|---|---|---|
| Jyothy Labs | Final dividend, ₹3.50 | 29 Jun |
| Kajaria Ceramics | Buyback | 29 Jun |
| Kansai Nerolac | Final dividend, ₹2.50 | 29 Jun |
| Kedia Construction | Reduction of capital | 29 Jun |
| Kalpataru Projects | Final dividend, ₹11 | 29 Jun |
| Raymond Lifestyle | Final dividend, ₹1 | 29 Jun |
| Bajaj Finserv | Final dividend, ₹1.50 | 30 Jun |
| Bajaj Holdings & Investment | Final dividend, ₹80, and special dividend, ₹50 | 30 Jun |
| Bajaj Finance | Final dividend, ₹6 | 30 Jun |
| Maharashtra Scooters | Final dividend, ₹60 | 30 Jun |
| Welspun Corp | Final dividend, ₹5 | 30 Jun |
Mint; Zerodha Economic Calendar; BSE; 26 June 2026.
Global pulse
Global indices
Most major global indices listed in the source moved higher. The Nasdaq 100 rose 2.13%, and the Nikkei 225 rose 4.61%. The Hang Seng was the main loser in the list, falling 1.43%.
Mint Global; Zerodha; 26 June 2026.
Crude and technology
Crude oil fell below $70 per barrel, extending losses for a fourth straight session. Progress in US-Iran peace efforts reduced supply concerns. Better tanker movement through the Strait of Hormuz and signs of Saudi exports restarting from Ras Tanura also put pressure on prices.
Asian technology stocks rose after strong updates from Micron Technology and Qualcomm. Micron said customers had committed $22 billion for its memory chips. Qualcomm projected $15 billion in data centre revenue by 2029.
Gold, Venezuela, and US-Iran
Gold slipped below $4,000 an ounce, close to its lowest level in almost eight months. Silver fell below $57 per ounce. A stronger US dollar and rising expectations of Federal Reserve rate hikes weighed on precious metals.
Two earthquakes of 7.2 and 7.5 magnitude struck off the coast of Venezuela. At least 164 people were killed and nearly 1,000 were injured. Tremors were felt as far as Brazil's Amazon. The government announced a $200 million reconstruction fund.
US Secretary of State Marco Rubio ended a Gulf tour as allies raised concerns about the preliminary US-Iran deal. The deal includes a proposed $300 billion reconstruction fund and no limits on Iran's ballistic missiles.
Dow reshuffle and heat records
Alphabet will replace Verizon Communications in the Dow Jones Industrial Average before trading begins on 29 June. With Alphabet's price recently near $346, it will be the sixth-largest member of the index.
The S&P 500 gained 16% in 2025. The Nasdaq 100 climbed 20%, and the Dow advanced 13%.
Mint Global; Zerodha; 26 June 2026.
A heat wave broke records in the UK and France. The UK recorded its hottest June day on Wednesday, with 36.1°C in Gosport. France's average daily temperature reached an all-time high of 30°C. A record 72 departments were placed under red heat alerts.
Mint Global; Zerodha; 26 June 2026.
Management chatter
Verbatim comments from company management and policymakers, as carried in the source reports.
“We have rebooted the tariff program. Right now, we have something called Section 122 tariffs, which is a 10% global tariff. Currently, USTR Ambassador Jamieson Greer is doing studies for Section 301, and if those studies are successful… then the tariff rates are going to go back to exactly where they were.”Scott Bessent, US Treasury Secretary.
Zerodha.
“The cyclical headwinds will lead to some changes in the quarterly demand, or even for that matter the annual demand, but I think in the long term India's growth story will lead to an increase in road freight, and therefore the commercial vehicle demand.”Girish Wagh, MD & CEO, Tata Motors.
Zerodha.
“Frontier AI is not just a commercial technology, it is a strategic capability… India cannot be only a consumer of intelligence built elsewhere. It must also be a creator, shaper and trusted deployer of intelligence for its own society and for the world.”Anand Mahindra, Chairman, Mahindra & Mahindra.
Mint.
The day at a glance
| Indicator | Reading |
|---|---|
| Nifty 50 | 24,056.00, up 0.14% |
| Sensex | 77,100.47, up 0.14% |
| Nifty Next 50 | 72,199.55, up 0.19% |
| Midcap 150 | 22,751.05, down 0.53% |
| Auto (top sector) | up 2.25% |
| Metal (weakest) | down 1.37% |
| Gold, MCX | ₹1,41,428, up 0.11% |
| Crude, MCX | ₹6,622, down 0.70% |
| USD/INR | 94.44, down 0.11% |
| India 10Y yield | 6.77 |
| FII net, 24 June | −₹1,843.0 crore |
| DII net, 24 June | +₹3,637.0 crore |
| Core sector growth, May | 0.5%, seven-month low |
| Russian crude share | above 50% of India's oil purchases |
| Monsoon rainfall, 1 to 23 June | 42% below the long-period average |
Zerodha AfterMarket Report, 25 June 2026 close; Mint, 26 June 2026.
Closing thought
“The essence of investment management is the management of risks, not the management of returns.”Benjamin Graham
Compiled from: Zerodha AfterMarket Report, 25 June 2026 close; and Mint, Mumbai edition, 26 June 2026. DayStarter by Devraj is a news aggregation for finance students and professionals. This is not investment advice. Markets data reflects Thursday, 25 June 2026 close. Market data sourced via NSE, BSE and MCX.