Adani’s Big Plans, PSU Bank Optimism, InterGlobe Ride Positive Triggers
Written by - Fisdom Research
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June 24, 2025
2 minutes
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Market Snapshot
Nifty 50 rallied 345 points intraday on ceasefire hopes and a sharp drop in oil prices but closed with just a 0.3% gain amid profit booking and renewed Middle East tensions
Indicating a possible false breakout and near-term consolidation.
Nifty PSU Bank led with a 1.5% rise, followed by Metal (+1%). Bank, Auto, Private Bank, and Consumer Durables gained 0.7% each. Nifty Media was the top laggard, down 1%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
1.5
NIFTY PRIVATE BANK
0.7
NIFTY METAL
1.0
NIFTY MIDSMALL IT & TELECOM
0.7
NIFTY FINANCIAL SERVICES EX-BANK
0.9
NIFTY CONSUMER DURABLES
0.6
NIFTY MIDSMALL FINANCIAL SERVICES
0.9
NIFTY AUTO
0.6
Top News
Adani Group: Shares rose up to 4% on June 24 after Chairman Gautam Adani announced a $15–20 billion capex plan over five years. Adani Power also hit a record 100 billion units of generation and targets 31 GW capacity by 2030.
PSU Banks: Nifty PSU Bank index jumped over 2% as strong buying followed HDFC Securities’ view of a “secular turnaround” in the sector.
InterGlobe Aviation: Stock gained up to 4% after crude oil prices fell on ceasefire news between Iran and Israel, lifting oil-sensitive sectors.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIPORTS
2.9
ONGC
-2.9
JIOFIN
2.9
POWERGRID
-1.4
SHRIRAMFIN
2.1
INDUSINDBK
-1.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,800
25,200
Bank Nifty
56,000
57,000
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