Closing Bell: 16 June 2025 – Market Rebounds as IT & Financials Lead, Oil Cools
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
Nifty closed at 24,946.50, up 0.92%, Sensex surged 677 pts amid strong IT, Financials, and Oil & Gas performance. Explore sector movers, technical levels, global drivers, and top BTST ideas in this weekly wrap.
📊 Market Snapshot – 16 June 2025
| Index | Open | Close | Change (Pts) | % Change |
|---|---|---|---|---|
| Nifty 50 | — | 24,946.50 | +227.90 | +0.92% |
| Sensex | — | 81,796.15 | +677.55 | +0.84% |
| Bank Nifty | — | 55,944.90 | +417.55 | +0.75% |
| Fin Nifty | — | 26,554.75 | +169.15 | +0.64% |
- Nifty gained ~0.9%, and Sensex jumped over 670 pts after two sessions of losses.
- The rebound was fueled by strong rebounds in IT (+1.6%), Financials, and Oil & Gas .
- Crude stabilized after Middle East jitters, trading near $74.7/bbl.
- Rupee remained firm at ₹86.06/$ amid exporter dollar inflows.
Key Global Cues
- Israel-Iran tensions eased somewhat, helping calm markets and lowering crude prices from intraday spikes.
- Strong domestic institutional flows continued – DIIs were net buyers for the 19th session, absorbing FII outflows.
- India’s WPI cooled to 0.39% YoY, and CPI dropped to 2.82%, easing inflation concerns.
💡 Sector Watch
- IT (+1.6%): TCS (+1.4%) led, along with HCL, Infosys rebounding on broader tech recovery.
- Financials (+0.4%): HDFC Bank, ICICI led Bank Nifty strength.
- Oil & Gas (+1.0%): ONGC, Oil India, Reliance supported rally on crude stability.
- Auto (+0.2%): Minor gains; Tata Motors lagged (–3.6%) on margin concerns .
- Metals & Realty: Broader market rally lifted all but smallcaps and midcaps remained flat.
🔍 Technical Snapshot
- Nifty 50:
- Support: 24,850 – 24,900
- Resistance: 25,000 – 25,100
- Price closed above 20‑day EMA with MACD turning bullish—momentum may continue.
- Bank Nifty:
- Support: 55,700 – 55,800
- Resistance: 56,200 – 56,500
- RSI around 60; Bank Nifty bounced back from intraday lows—trend intact.
🔥 Top 5 BTST Trades for Monday
| Stock | CMP (₹) | Reason to Trade |
|---|---|---|
| TCS | ₹3,495 | Outperformed peers; bullish technical breakout |
| ONGC | ₹255 | Oil stability and buying support; bounce play |
| Reliance | ₹1,438 | Energy upswing; low volumes but wide interest |
| HDFC Bank | ₹1,935 | Bank strength continues; solid technical base |
| Sterlite Tech | ₹99 | Midcap outperformer; breakout candidate |
📌 Weekend Strategy Tips
✅ Watch crude and geopolitical headlines as they remain key directional triggers.
✅ Nifty near 25k ceiling—a breakout above could form a new bull leg.
⚠ Manage BTST trades with tight stops, given volatility.
Closing Bell 16 June, Nifty technical analysis, Bank Nifty support resistance, BTST stock ideas, India market global cues, IT and oil rebound
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