Mumbai, June 30. Indian equity markets started the week on a firm footing, supported by robust global cues and a surge in key sectors like energy, oil & gas, and healthcare. The GIFT Nifty was seen trading higher at 25,782, signaling a likely gap-up opening for the broader indices.
Global Sentiment Lifts Domestic Mood
Wall Street’s strong performance on June 27 played a key role in lifting investor sentiment. The Dow Jones closed up 1%, while the S&P 500 gained 0.52% and the Nasdaq rose 0.39%. Back home, the India VIX dropped 1.6%, indicating a decline in market volatility and bolstering investor confidence.
Sectoral Performance: Pharma, Energy Lead
Sector-wise, Oil & Gas, Energy, and Healthcare stocks were the day’s top performers. Key gainers included:
Adani Total Gas: up 5.65%
Suzlon Energy: up 4.6%
Abbott India: up 5.28%
Conversely, Realty and IT sectors lagged, with LTI Mindtree and Oberoi Realty facing pressure due to profit booking.
Corporate Highlights
NTPC announced the commercial launch of 120 MW capacity at its Shajapur Solar Project, reinforcing its commitment to renewable energy.
Torrent Pharma made headlines by acquiring a majority stake in JB Chemicals for ₹19,480 crore, signaling consolidation in the pharmaceutical sector.
Aurobindo Pharma renewed a key licensing agreement with Lyfius Pharma.
Alembic Pharmaceuticals received USFDA approval for a new cancer treatment, expanding its U.S. portfolio.
Nazara Technologies continued its acquisition spree, adding a new entity to its digital gaming business.
Stock-Specific Action
Among broader market players:
Himadri Speciality, Narayana Hrudayalaya, and Bharti Hexacom were among the top gainers.
Oberoi Realty and Phoenix Mills saw profit booking, dragging the realty index lower.
Technical Outlook: Bullish Breakout in Nifty
On the technical front, the Nifty index broke out of a significant inverse head and shoulders pattern, setting up bullish targets:
Near-term target: 26,090
Extended target: 28,638
Immediate support: 25,523
Resistance: 25,847
Macroeconomic and Policy Developments
India’s Index of Industrial Production (IIP) for May is projected at 2.5%, slightly below April’s 2.7%.
Axis Bank’s CEO hinted at potential RBI rate cuts to accelerate credit growth.
The monsoon has fully covered India nine days ahead of schedule, likely boosting agricultural prospects.
Other Key Updates
India has restricted jute imports from Bangladesh via land routes, signaling a policy shift in trade dynamics.
The HDB Financial IPO saw massive investor interest, with bids worth ₹1.61 lakh crore.
The Finance Ministry reported a 29% rise in new business registrations in May 2025, reflecting continued economic expansion.
As the markets maintain upward momentum, focus will remain on earnings reports, monsoon progress, and potential policy announcements from the Reserve Bank of India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
