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WEEKLY REPORT
The Indian equity indices extended the gains in the second consecutive week ended June 27 after a moderation in crude oil prices amid ease in geopolitical tensions in the Middle East, persistent FII buying, favourable monsoon forecast, and ease in trade tensions ahead of the deadline.
For the week, the BSE Sensex index rose 1,650.73 points or 2 percent to end at 84,058.90, and Nifty50 added 525.4 points or 2.09 percent to close at 25,637.80.
During the week, Reliance Industries added the most in terms of market value, followed by Bharti Airtel, HDFC Bank, and Bajaj Finance. On the other hand, Infosys, Maruti Suzuki India, and HCL Technologies lost most of their market capitalization.
On the sectoral level, the Nifty Metal index added nearly 4 percent, the Nifty Media index rose 4.3 percent, the Nifty Oil & Gas index gained 3.2 percent, and the Nifty PSU Bank index added 2.5 percent. However, the Nifty Realty Index shed nearly 2 percent, and the Nifty Information Technology index shed 0.4 percent.
Among the broader indices, the BSE Large-cap index outperformed, gaining around 2.7 percent. Also, the BSE Mid-cap index increased 2.61 percent, and the Small-cap indices also increased nearly 3.5 percent this week.
The Foreign Institutional Investors (FIIs) extended their buying in the second week as they purchased equities worth Rs 4,423 crore. On the other hand, Domestic Institutional Investors (DII) also continued their buying in the tenth consecutive week as they bought equities worth Rs 12,390.17 crore.
The Indian rupee snapped its losing streak and it ended higher by 1.1 rupees at 85.49 per dollar on June 27 against the June 20 closing of 86.59.
ECONOMY
Indian Post Offices to start accepting digital payments
Post offices across India will start accepting digital payments at counters from August 2025 after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don’t have their accounts synced with the UPI (unique payment interface) system.
The initiative, led by the Department of Posts, will enable customers to make transactions using UPI, debit cards, and QR code-based systems across over 1.5 lakh post office branches. The move aligns with India’s broader push towards financial inclusion and a cashless economy
US-China Sign Trade Deal on Rare Earth Exports
The United States and China have resolved issues surrounding shipments of rare earth minerals and magnets. China had suspended exports of a wide range of critical minerals and magnets as a result of US trade tariffs. On June 26, 2025, the U.S. and China signed a trade agreement focused on accelerating rare-earth mineral exports. The deal, which follows earlier frameworks discussed in Geneva and London, aims to ease export licensing delays from China while also prompting the U.S. to soften tech export controls and visa restrictions.
STOCKS IN NEWS
Jio Financial Services
The shares of the company stayed in the upward trend and increased by over 11.5 percent in the past week. This strong upward movement is supported by many incidents, such as infusing Rs190 crore in their payment bank subsidiary, and also after SEBI approved Jio BlackRock Broking to function as a stockbroker in the market.
Interglobe Aviation
IndiGo flight shares increased 8.27 percent over the week, after B&K Securities initiated coverage with a buy rating, citing India’s robust, underpenetrated air travel market. B&K expects sustained demand-supply imbalance due to ongoing aircraft supply constraints, which should support fares and profitability.
Adani Enterprises
The flagship company of the Adani Group said its management committee has approved the launch of a public issue of non-convertible debentures (NCDs) with a base size of Rs 500 crore, along with a green shoe option of an additional Rs 500 crore, taking the total potential issue size to Rs 1,000 crore. After this announcement, the shares of the company increased and closed the week with an 8 percent higher share price.
Mahindra & Mahindra
Company’s shares increased over 2.5 percent this week, due to strong May auto sales, with SUV volumes jumping 21% and tractors up 10% year-on-year. Rural demand picked up thanks to early monsoon signs and higher MSPs. Additionally, a major aerospace contract boosted investor sentiment.
Timex Group India
The watch company’s shares went down over 10 percent this week, the reason being the promoter of the watchmaker, Timex Group Luxury Watches B.V.’s decision to sell 15 percent in the firm via the offer for sale (OFS) route.
Source – Moneycontrol, Reuters