Daijiworld Media Network – Mumbai

Mumbai, Jun 27: The Indian stock market ended the week on a positive note with benchmark indices Sensex and Nifty posting strong gains on June 27, driven by upbeat sentiment around easing geopolitical tensions and optimism over a possible US-India trade agreement. The Sensex rose 303.03 points to close at 84,058.90, while the Nifty gained 88.80 points to settle at 25,637.80. Both indices advanced more than 2 percent over the week.

The broader market outperformed, with the Nifty Midcap 100 rising over 2 percent and the Smallcap 100 surging more than 4 percent, extending their winning streak to a sixth straight session.

Sectoral indices were mostly in the green. Oil & gas, infra, energy, metal, and PSU banks saw solid traction, while realty stocks dragged. Nifty Oil & Gas led the rally with a gain of 1.28 percent. Nifty Realty slipped 1.25 percent, and minor losses were seen in IT and consumer durables.

The upbeat market sentiment was supported by reports suggesting that the July 9 tariff deadline imposed by President Trump may be extended. Analysts believe this has reduced investor anxiety in the near term. According to V K Vijayakumar of Geojit, strong momentum is intact, but short-term profit booking could occur.

Among buzzing stocks, Akzo Nobel India surged over 9 percent after JSW Paints announced it would acquire up to 74.76 percent stake in the company. Jio Financial Services rose more than 4 percent after SEBI cleared its broking arm to operate. IndusInd Bank rallied nearly 4 percent following reports that Axis Bank’s Rajiv Anand is among the top contenders for its CEO post.

Technical indicators show continued bullishness with resistance now seen in the 25,700–25,800 zone and support holding strong at 25,000. Traders remain optimistic about further upside in the near term.