21 Jun 2025

Sensex Near Day’s High; FIIs Inflow, Global Cues Fuel Market Optimism

Indian equity benchmarks were trading near the day’s highs in late session, buoyed by hopes of a diplomatic breakthrough between Iran and Israel after U.S. President Donald Trump indicated a decision on a potential U.S. military strike on Iran would be made within two weeks. Additionally, value buying at lower levels and sustained inflows from Foreign Institutional Investors (FIIs) lifted investor sentiment.

On the domestic front, the BSE Sensex was trading at RS. 82185.14, up by 823.27 points or 1.01%, after moving between RS. 81323.20 and RS. 82297.36. Out of the 30 stocks on the index, 28 were advancing and only 2 were declining.

Broader indices were also in the green; the BSE Mid Cap index surged 0.91%, while the Small Cap index rose 0.58%. Sectorally, the BSE Telecom index led gains, up by 2.23%, followed by Realty (1.52%), Utilities (1.43%), Power (1.36%), and PSU (1.21%). No sectoral indices were in the red.

Top gainers on the Sensex included:

  • Mahindra & Mahindra (up 2.99%)

  • Bharti Airtel (up 2.85%)

  • Power Grid Corporation of India (up 2.27%)

  • Bharat Electronics (up 1.86%)

  • Reliance Industries (up 1.34%)

On the flip side, Maruti Suzuki (down 0.13%) and Axis Bank (down 0.03%) were the only losers.

Meanwhile, industry body Aluminium Extrusion Manufacturers Association of India (ALEMAI) has urged the government to introduce safeguards to protect underutilized domestic units. ALEMAI expressed concern over duty-free imports from Far East nations under free trade pacts, which threaten the viability of nearly 500 local firms. They highlighted that while India’s total aluminium extrusion capacity stands at 3.5 million tonnes per year, only 2 million tonnes are utilized — the rest being imported due to pricing and quality enforcement issues.

ALEMAI welcomed recent anti-dumping measures on solar imports and advocated for further policy support, including the need for skilled manpower and BIS certification to improve product quality and reduce dependence on cheap imports.

The CNX Nifty was also trading strong at RS. 25032.80, up by 239.55 points or 0.97%, within a range of RS. 24783.65 to RS. 25078.35. On the index, 44 stocks were advancing while 6 were declining.

Top Nifty gainers included:

  • JIO Financial Services (up 3.03%)

  • Mahindra & Mahindra (up 2.87%)

  • Bharti Airtel (up 2.78%)

  • Power Grid Corporation of India (up 2.29%)

  • HDFC Life Insurance (up 2.01%)

Top losers on the Nifty were:

  • Hero MotoCorp (down 1.90%)

  • Bajaj Auto (down 1.58%)

  • ONGC (down 0.24%)

  • Bajaj Finance (down 0.22%)

  • Maruti Suzuki (down 0.12%)

Global Market Overview:

Asian markets traded mixed:

  • Gainers: Hang Seng (up 1.24%), Straits Times (up 0.04%), Taiwan Weighted (up 0.19%), KOSPI (up 1.46%)

  • Losers: Jakarta Composite (down 0.3%), Nikkei 225 (down 0.22%), Shanghai Composite (down 0.07%)

European markets were largely higher:

  • FTSE 100 (up 0.39% to 8,826.00)

  • CAC (France) (up 0.46% to 7,588.00)

  • DAX (Germany) (up 0.75% to 23,230.73)