The Equity Benchmark is poised for another profit on Friday, June 27th. Gift Nifty Futures rose 108 points to trade around 25,718, marking a strong start to Dalal Street. The surge is expected to be behind positive global clues, alleviating geopolitical tensions, alleviating solid foreign influx, and NIFTY50 is expected to approach previous highs of life.
The domestic stock market hit a new 2025 high of 25,565 on Thursday, boosted by improving macros and a stable global background. Analysts believe that there is a high possibility of bullish momentum continuing, especially by supporting 25,300-25,350 holdings, without the significant resistance seen up to the 25,750 zone.
Wall Street Ray
With Wall Street closed high, global risk-on sentiment remains intact, bringing the S&P 500 and NASDAQ closer to record highs. The Israeli-Iran ceasefire remains in place, easing investors’ concerns over energy supply disruptions. At the same time, US economic indicators are bolstering potential Fed cuts later this year.
Asian markets reflected this optimism early on Friday. Japan’s Topix rose 0.9%, while Australia’s ASX 200 rose 0.6%, while Hang Seng and S&P 500 futures remained flat in early trade.
Indian VIX cools off
Volatility remains low as India VIX drops by 3% to 12.59. This is a sign of confidence among market participants. Technical experts suggest that when the index exceeds 25,600, there will be a 150-200-point rally to continue to buy financial interest, supported by large stock momentum.
fii & diis
With a strong confident vote, FPI became a net buyer, pumping Rs 12,594 on Thursday. This is the best in recent weeks. However, DIIS reserves profits worth Rs 195 and could potentially steal money from the table ahead of the June F&O Expiry.
The FII short position in index futures has dropped sharply from over Rs 1.06 crore to Rs 34,967 trillion, indicating a shift towards a short-term gathering and a more balanced stance.
Currency check
The Indian rupee was highly praised at 36 paise and closed at 85.72 against the US dollar driven by a global strong equity inflow and soft dollars.
Meanwhile, Brent crude was last seen at $68.07 per barrel as demand for flat oil was picked up along with the start of the summer operating season.
There are no stocks in the F&O ban
There are no stocks based on today’s F&O ban. This could increase the liquidity of the derivative segment of the monthly expiration session. Traders are expected to take queues from rollover data and price actions near the NIFTY 25,700 mark.
What to expect today
With Gift Nifty showing off a strong start, FII coming back aggressively, and with the technical level that favors Bulls, the Nifty50 could open up in an upward gap and test new highs in today’s trade. Traders closely monitor divisional leadership from banks, IT and energy, and track rollover clues when the June derivative contract expires.
