TLDR
📈 Market Recap: June 26, 2025
On June 26, 2025, Indian equity markets surged for a third straight session, with the BSE Sensex soaring 1,000.36 points (1.21%) to close at 83,755.87 and the NSE Nifty 50 rallying 304.25 points (1.21%) to settle at 25,549.00, crossing the 25,500 mark for the first time this year. The rally was broad-based, led by strong gains in financials, metals, and energy stocks, while private banks and oil & gas sectors also outperformed. The Nifty Bank index hit a new all-time high, surging over 600 points, and investor wealth rose by ₹3.42 lakh crore to ₹457.44 lakh crore. The positive sentiment was driven by a ceasefire between Israel and Iran, which eased geopolitical concerns, and a sharp drop in crude oil prices (Brent crude fell from $79.40 to $66.76 per barrel, down over 15% in three days). Foreign institutional investors remained cautious due to narrowing US-India yield spreads, but domestic institutions continued to buy, buoyed by improving liquidity and domestic consumption.
Key Drivers:
A fragile Israel–Iran ceasefire lifted risk appetite, with nine out of 13 sectors in the green.
A weaker dollar boosted metal stocks (+1%) and supported foreign inflows.
Heavyweights HDFC Bank (+0.7%) and Reliance (+1.3%) delivered modest gains.
Small and midcaps traded sideways amid derivative expiry adjustments
Today’s Top Stories:
HDB Financial IPO Fully Subscribed on Day 2: HDB Financial’s ₹12,500-crore IPO reached 1.16 × subscription by Day 2, buoyed by anchor backing and strong non-institutional demand despite volatile markets. $HDFCBANK.NSE ( ▲ 0.3% )
SEBI Slaps BSE With ₹25 Lakh Fine for Unequal Data Access: SEBI penalised BSE ₹25 lakh for giving select clients early access to filings, directing the exchange to implement corrective governance measures within 45 days. $BSE.NSE ( ▲ 1.13% )
Tata Steel Injects $180 Million Into Singapore Unit TSHP: Tata Steel invested $180 million in its Singapore subsidiary, the first tranche of a $2.5 billion FY26 plan to bankroll aggressive Southeast Asia expansion. $TATASTEEL.NSE ( ▲ 3.37% )
JSW Energy Inks 300 MW Solar-Wind PPA With NHPC: JSW Energy signed a 25-year PPA with NHPC for 300 MW blended solar-wind power at ₹3.49/kWh, lifting its secured renewable pipeline to 10.6 GW. $JSWENERGY.NSE ( ▲ 5.59% )
Rupee Rallies to ₹85.70 per USD, Best Since 12 June: The rupee appreciated 0.4 % to ₹85.70/$, its strongest level in two weeks, aided by sliding oil prices and a softer dollar ahead of Fed cuts. $INRUSD ( ▼ 0.37% )
INDIASTOX INVESTMENT RESEARCH HACKATHON🏆 The Results Are In! Meet the Winners of Hackathon 1The first edition of the IndiaStox Investment Research Hackathon has wrapped up, and we’re excited to announce the standout entries that rose to the top. After a detailed review process by our expert panel, here are the top five submissions that demonstrated depth, clarity, and strong investment reasoning:
📌 In the coming days, we’ll be featuring select submissions across the IndiaStox platform and community channels. 💡 If you didn’t make it this time, we encourage you to stay engaged. The next edition of the hackathon begins Very Soon..., with updated judging criteria, new themes, and higher benchmarks. 🗣️ If you valued the experience or took something away from it, feel free to share it in your own way and tag @IndiaStox on LinkedIn or X. The more thoughtful voices we bring together, the stronger this community becomes. |
TOP STORIES
1. HDB Financial IPO Fully Subscribed on Day 2
DALL-E
Subscription status: Overall book built 1.16×; non-institutional 2.1× while retail at 0.64× as bidding heads into the final day.
Anchor confidence: Pre-issue placement raised ₹33.7 bn from BlackRock, LIC, and NBIM, signalling solid QIB appetite despite choppy sentiment.
Listing outlook: Grey-market premium of roughly 7-8 % suggests a mild pop on debut if momentum holds.
2. SEBI Slaps BSE With ₹25 Lakh Fine for Unequal Data Access
DALL-E
Regulatory order: Inspection found select clients received corporate filings early, prompting a ₹25 lakh penalty and a 45-day remediation mandate.
Governance focus: SEBI termed the lapse “serious,” underscoring its push for fair-access standards across market infrastructure institutions.
Market reaction: BSE shares hovered near ₹2,800; investors view the fine as immaterial to earnings but a reminder of compliance scrutiny.
3. Tata Steel Injects $180 Million Into Singapore Unit TSHP
DALL-E
Capital move: Company subscribed to 179 crore shares (₹1,563 cr) in TSHP, the first tranche of a planned $2.5 bn FY26 offshore infusion.
Strategic aim: Strengthens the balance sheet ahead of an aggressive Southeast Asia capacity build-out and raw-material sourcing.
Stock response: Shares rose 2.6% to ₹160.5 on heavy volume, reflecting investor approval of the expansion roadmap.
4. JSW Energy Inks 300 MW Solar-Wind PPA With NHPC
DALL-E
Contract details: Subsidiary Energizent Power will supply blended power at ₹3.49/kWh for 25 years; commissioning due within 24 months.
Growth pipeline: Agreement lifts JSW Energy’s secured capacity to 10.6 GW, supporting its 30 GW by 2030 renewable target.
Share performance: Stock gained 1.8% to ₹517 amid broad strength in power names.
5. Rupee Rallies to ₹85.70 per USD, Best Since 12 June
DALL-E
FX check: Currency firmed 0.4% as Fed-cut optimism hit the dollar index and Brent crude slid below $70.
Macro tailwind: Cheaper oil eases the import bill and inflation fears, while one-year forward premia edged up to 2.02%.
Bond view: Benchmark 10-year yield steadied near 6.23% as traders added carry ahead of the early-July RBI policy meet.
GYAANI HOT TAKES
Disclaimer:
The IndiaStox Research Hackathon is intended for educational and community engagement purposes only. Submissions do not constitute investment advice, nor should they be construed as recommendations to buy or sell any securities.
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