Jio Financial Jumps, Banks Hit Record Highs, IT Gains on Fed Cut Hopes
Written by - chandrashekar
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June 27, 2025
2 minutes
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Market Snapshot
Benchmark indices closed higher for the fourth consecutive session on June 27, with the Nifty 50 touching an intraday high of 25,650.
The rally was supported by broad-based buying, driven by optimism around a potential extension of the Trump tariff deadline and hopes of a sooner-than-expected US Fed rate cut.
Most sectoral indices ended in the green, with notable gains in Capital Goods, Healthcare, Oil & Gas, Power, Telecom, and PSU Banks (up 0.5–1%).
Consumer Durables, IT, and Realty were the only sectors to close in the red.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
1.2
NIFTY METAL
0.4
NIFTY HEALTHCARE INDEX
0.7
NIFTY PRIVATE BANK
0.3
NIFTY PHARMA
0.6
NIFTY MEDIA
0.2
NIFTY PSU BANK
0.5
NIFTY AUTO
0.2
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
JIOFIN
3.9
TATACONSUM
-2.1
ASIANPAINT
3.2
DRREDDY
-1.4
APOLLOHOSP
2.9
WIPRO
-1.2
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,300
25,750
Bank Nifty
56,000
58,000
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