Bulls took charge on expiry day to extend the winning streak for a third consecutive session on June 26, as all-round buying took Nifty 50 beyond 25,500 level to close at a near nine-month high.

At close, the Sensex was up 1,000.36 points or 1.21 percent at 83,755.87, and the Nifty was up 304.25 points or 1.21 percent at 25,549. The broader indices too extended gains for a fifth day, with BSE midcap index rising 0.5 percent while smallcap index ending marginally higher.

The market opened higher but saw extended buying as the session progressed, supported by heavyweight names and shares of metal, banking and oil & gas pack, with Nifty Bank ending at a record high.

As many as four Nifty 50 stocks - Bharti Airtel, HDFC Bank, HDFC Life and Grasim - hit record high in today's session.

The biggest Nifty gainers were Shriram Finance, Hindalco Industries, Tata Steel, Jio Financial, Adani Ports, while losers were Dr Reddy's Labs, Tech Mahindra, Hero MotoCorp, Maruti Suzuki, SBI.

Among sectors, private bank, oil & gas and metal indices up 1-2 percent, while realty, media indices shed a percent each.

Dr Reddy's shares drop 1.5% after Citi trimmed target price with a 26% downside, Texmaco Rail shares rose nearly 3 percent on wagons supply order worth Rs 535 crore, One Mobikwik shares added 6 percent after a large block trade, and SMS Pharmaceuticals shares surged 3% on 'Zero' observations from USFDA.

More than 120 stocks on the BSE touched their 52-week highs, including Nuvama Wealth, Dalmia Bharat, Abbott India, Gillette India, Bharti Airtel, LT Finance, MCX India, Lloyds Metals, Aditya Birla Capital, HDFC Bank, Max Healthcare, Grasim Industries, among others.

In a latest note, global brokerage Citi has said that gold prices are set to decline over 20% in late 2025 and 2026 on the back of improved growth prospects in the US economy.

The US treasury yields fell with the 10-year yield down to 4.27% on signs of higher chances of easing from the Fed by the end of the year. News reports of Trump exploring Jerome Powell’s early replacement too weighed on the money market sentiment.

Global Market

Across the Asia-Pacific region on Thursday, markets were mixed. Japan’s benchmark Nikkei 225 rose 1.65% to close at 39,584.58. In contrast, South Korea’s Kospi declined 0.92% to 3,079.56. Hong Kong’s Hang Seng index fell 0.64%, and the CSI 300 dropped 0.35% to close at 3,946.02.

Back home, Dalal Street extended the rally for a third consecutive session, with the Sensex and Nifty up 1.21%, and the Bank Nifty at record high.