The Indian stock market experienced a day of marginal declines, with the Sensex showing slight volatility and the Nifty trading below the 25,650 mark. Early trading on June 30, 2025, saw the Sensex dip by 74.48 points, a 0.09% decrease, settling at 83,984.42. Simultaneously, the Nifty 50 was down by 22.55 points, also a 0.09% drop, reaching 25,615.25.
In contrast to the overall market trend, Jio Financial Services (Jio Fin) emerged as a notable gainer, with its share price increasing by approximately 2%. As of June 27, 2025, the share price of Jio Financial Services stood at ₹323.45, marking a 3.50% increase compared to the previous day. The stock opened at ₹314.10, reaching a high of ₹329.30 and a low of ₹312.85 during the trading session. This positive movement reflects investor confidence, potentially driven by recent developments such as SEBI's approval for Jio BlackRock Broking Private Limited to commence brokerage operations in India. This approval completes the trio of approvals for the Jio BlackRock joint venture, enabling them to offer comprehensive investment solutions. Following this news, Jio Financial Services shares rose 4% to ₹327.75 on the BSE.
Market analysts suggest that the Indian stock market is likely to sustain its bullish momentum, with the Nifty expected to gradually climb higher. Technically, the Nifty 50 index is trading above both the 21-day and 55-day EMAs, signaling sustained bullish momentum. The Relative Strength Index (RSI) is trending upwards, and the Moving Average Convergence Divergence (MACD) is in positive territory, further indicating strength and potential for continued upside in the coming sessions. Immediate resistance for the Nifty is observed at 25,750, and a decisive breakout above this level could trigger a rally towards 26,000.
However, caution is advised at these levels, as the Nifty 50 is approaching its resistance at 25,800. The index is also nearing the gap formed on October 3rd of the previous year, which could act as a resistance. On the downside, a breakdown below the 24,300 - 24,250 support zone may lead to a decline toward 25,000.
The Bank Nifty index gained 237.20 points, or 0.41%, closing at 57,443.90 on the last trading session. The index closed the week with a solid 2.12% gain, marking its second consecutive weekly rise and touching a fresh all-time high of 57,475.40. As long as the Bank Nifty index sustains above 56,800 - 57,000, the broader outlook remains constructive, and a decisive close above 57,500 could potentially open the gate toward 58,000 in the near term.
Overall, the Indian stock market presents a mixed scenario, with benchmark indices showing marginal declines while specific stocks like Jio Financial Services demonstrate positive momentum. Investors are advised to remain cautious and monitor key support and resistance levels while considering both domestic and global cues.
