Stock Market Preview – June 24, 2025
Markets look set for a cautiously positive start today. Oil retreated, GIFT Nifty gained 200 points on ceasefire hopes — here’s what it means for your investments.
Markets showed signs of calm after yesterday’s turbulence, but global cues remain in focus. Here's the simple, no-fluff breakdown:
🌍 Global Snapshot
- Iran–Israel ceasefire news sparked optimism — GIFT Nifty jumped ~200 points ahead of the session (5paisa.com, moneycontrol.com).
- Oil prices dropped 3–9%, easing inflation concerns and boosting equities .
- Strong demand in India, with June PMI at 61.0 (14-month high), supports bullish sentiment (reuters.com).
🇮🇳 India Market Outlook
- Sensex closed at 81,897 (-511 pts); Nifty ended at 24,972 (-140 pts) on June 23 (livemint.com).
- GIFT Nifty points to a positive start — now near 25,200 with ~200-point gains (moneycontrol.com).
- Experts predict a consolidation zone: resistance at 25,200–25,300; support around 24,850–24,900 .
📌 Stocks in Focus
- Supreme Petrochem, Chennai Petroleum, AGI Infra, ideaForge, SRM Contractors highlighted as breakout themes by Sumeet Bagadia (livemint.com).
- BEL added to Sensex recently after BSE reshuffle — watch for defensive buying (goodreturns.in).
🔭 Key Drivers to Watch
- Oil trends: prices below $69–77/barrel support market recovery; spikes could reverse sentiment (reuters.com).
- Global cues and FII flows: Recent data shows FIIs buying (₹5,600 Cr), DIIs selling (₹1,900 Cr) — so far, retail support holds (optionchainindia.com).
- Technical movements: Nifty likely to stay range-bound between 24,800–25,300 through June 27 (spidersoftwareindia.com).
🔍 What to Keep an Eye On Today
- GIFT Nifty opening levels
- Oil price updates
- FII/DII net flows
- Reactions in recommended breakout stocks
- Any unexpected global or geopolitical news
⚠️ Disclaimer
This overview is for informational purposes only. Bitveen is not a SEBI-registered advisor — always validate key data from official channels and consult professionals before making investment decisions.
📚 Sources