JKB Financial Services Ltd.

As on : 20-Jun-2025

Market Commentary - Mid-Session
20-Jun-2025 14:38

Sensex, Nifty surge over 1%; bank shares jump

The key equity indices traded with significant gains in mid-afternoon trade, continuing to show resilience amid escalating tensions between Israel and Iran. Market sentiment remains sensitive to global cues, including crude oil prices and other international developments. The Nifty marginally traded above the 25,050 mark.

Nifty bank advance after declining in the past trading session.

At 14:26 IST, the barometer index, the S&P BSE Sensex jumped 853.38 points or 1.05% to 82,205.70. The Nifty 50 index jumped 256.85 points or 1.04% to 25,050.10.

In the broader market, the S&P BSE Mid-Cap index rose 0.93% and the S&P BSE Small-Cap index added 0.58%.

The market breadth was strong. On the BSE, 2,424 shares rose and 1,467 shares fell. A total of 146 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 4.10% to 13.67.

Buzzing Index:

The Nifty Bank index jumped 1.04% to 56,155.15. The index fell 0.45% in the past trading session.

Canara Bank (up 1.76%), Federal Bank (up 1.52%), HDFC Bank (up 1.32%), ICICI Bank (up 1.25%) and State Bank of India (up 1.12%), IndusInd Bank (up 0.78%), Kotak Mahindra Bank (up 0.59%), Bank of Baroda (up 0.58%), IDFC First Bank (up 0.42%) and Axis Bank (up 0.06%) advanced.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.02% to 6.311 from the previous close of 6.312.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.5650 compared with its close of 86.7350 during the previous trading session.

MCX Gold futures for 5 August 2025 settlement fell 0.68% to Rs 98,656.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.16% to 98.63.

The United States 10-year bond yield advanced 0.16% to 4.403.

In the commodities market, Brent crude for August 2025 settlement advanced 50 cents or 0.65% to $77.20 a barrel.

Stock in Spotlight:

Nestle India rose 1.94% after the company announced that its board will meet on Thursday, 26 June 2025, to consider a bonus share issue.

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