Closing Bell 24 June 2025: Nifty Flat at 25,044, Bank Nifty Gains Amid Ceasefire Optimism
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
Indian markets closed flat on 24 June 2025 as Iran–Israel ceasefire triggered global relief. Nifty ended at 25,044, Bank Nifty at 56,461. Highlights include sector moves, technical levels, and 5 BTST stock setups.
📊 This Week’s Market Snapshot
| Index | Open (Mon) | Close (Tue) | Close (Wed) | Close (Thu) | Close Fri |
|---|---|---|---|---|---|
| Nifty 50 | 24,939.5 | 24,971.9 | 24,812.05 | 24,793.25 | 25,044.35 |
| Sensex | 81,704.1 | 81,896.8 | 81,444.7 | 81,361.9 | 82,055.11 |
| Bank Nifty | 55,832.4 | 56,059.4 | 55,828.8 | 55,577.5 | 56,461.90 |
| Fin Nifty | 26,648.8 | 26,556.5 | 26,399.9 | 26,299.7 | 26,750.40 |
- Nifty ended nearly flat, edging out its high for the week amid mixed global cues.
- Bank Nifty reclaimed 56.4k after mid-week dip.
- Sensex closed above 82k, led by Financials and Autos.
🌐 Global & Domestic Cues
- Middle East Ceasefire: A U.S.-brokered Iran–Israel ceasefire lifted global risk sentiment; Nifty crossed 25k and Sensex tested 82.7k.
- Crude Pullback: Brent dropped 3% to $69.3/bbl post-ceasefire, strengthening the rupee and easing inflationary pressure.
- Global Risk-On: MSCI Asia ex-Japan index jumped 2%; Gulf markets rallied post-ceasefire.
- Dollar Weakness: Dollar index fell 0.6%, with treasury yields softer after Fed hints of a possible rate cut soon.
🏭 Sector Analysis
- Automobiles: +1.2%, led by Maruti, M&M on easing crude and demand hopes.
- Private Banks: +0.8%, driven by renewed buying in Axis & Kotak post-liquidity strains.
- Oil & Gas & OMCs: +13%; BPCL, RIL rose on sentiment shift after oil tank retreat .
- Mid & Small-Caps: +0.8%, recovered after mid-week slump.
- IT, Metals, Energy: Flat to marginally up consolidating despite global relief.
📉 Technical Outlook
- Nifty 50
- Support: 24,900 → 24,800
- Resistance: 25,200 → 25,300
- RSI 55, MACD positive short to medium-term mildly bullish.
- Bank Nifty
- Support: 56,000
- Resistance: 56,600 → 57,000
- Forming higher bottoms momentum intact.
🔥 Top 5 BTST Trade Ideas for Monday
| Stock | CMP (₹ approx) | Why It Matters |
|---|---|---|
| Maruti Suzuki | ₹12,611 | Auto momentum from sector-wide bounce. |
| Axis Bank | ₹1,221 | Private bank recovery; strong technical base. |
| BPCL | ₹319 | OMC stocks rebound on easing crude prices. |
| IndusInd Bank | ₹831 | Relinked with broader Bank Nifty rally. |
| IOC | ₹142 | Plays on stabilising fuel margins. |
📌 Strategy Corner
- Play the Ceasefire Bounce: Buy dips near 25k, targeting 25.2k–25.3k.
- Monitor Crude & Currency: Lower oil supports inflation control and demand.
- Tight Stops: Key around intraday lows for BTST positions.
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