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Research Periodic Report Mazagon’s Global Foray, Waaree’s US Order, and Power Stocks Rally Dominate Market Buzz

Mazagon’s Global Foray, Waaree’s US Order, and Power Stocks Rally Dominate Market Buzz

Written by - Fisdom Research

June 30, 2025 2 minutes

Market Snapshot

  • Benchmark indices ended lower, snapping a four-day winning streak, as investors booked profits.
  • Sensex declined by around 500 points, while Nifty 50 hovered near the 25,500 mark.
  • Broader markets outperformed, with the Midcap and Smallcap indices gaining nearly 0.5% each despite overall cautious sentiment.
  • Sectoral performance was mixed, with PSU Banks leading the gains — the Nifty PSU Bank index surged 2.7%.
  • Nifty Pharma and Nifty IT indices rose 0.5% each, offering some support to the market.
  • Media and Energy sectors also ended in the green, while other sectors showed subdued activity.

Sectoral Trends

Sector Name % Change Sector Name % Change
NIFTY PSU BANK 2.7 NIFTY HEALTHCARE INDEX 0.4
NIFTY CONSUMER DURABLES 0.7 NIFTY IT 0.3
NIFTY PHARMA 0.5 NIFTY OIL & GAS -0.3
NIFTY MEDIA 0.4 NIFTY FMCG -0.4

Top News

  • Jio Financial Services surged over 4% intraday after SEBI approved its joint venture, Jio BlackRock Broking, to operate as a stockbroker.
  • Banking stocks extended their rally, with Nifty Bank hitting a fresh all-time high above 57,400, led by gains in Bank of Baroda, ICICI Bank, and SBI.
  • IT stocks rose on June 27, tracking global tech optimism as easing geopolitical tensions and speculation over a Fed leadership change fueled hopes of an early US rate cut.

Top Gainers and Losers

Top Gainers % Change Top Losers % Change
TRENT 3.0 TATACONSUM -2.3
BEL 2.0 KOTAKBANK -2.2
SBIN 1.8 AXISBANK -2.1

Trade Ideas Update

  • Our trade ideas success rate has 77% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
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