Markets Hold Steady: Nifty and Sensex Inch Up, Federal Bank Surges Over 2.5%

Nifty 50 and Sensex record marginal gains; banking stocks rally, IT and SmallCap indices see mild declines.

Mumbai, July 1, 2025 — Indian benchmark indices closed marginally higher on Monday, buoyed by banking and financial stocks, even as IT and small-cap shares witnessed some profit booking.

The Nifty 50 rose by 24.75 points to settle at 25,541.80, marking a 0.097% gain. The Sensex followed suit, climbing 90.83 points to end at 83,697.29, registering a 0.11% increase. The Bank Nifty outperformed, gaining 0.26% to close at 57,459.45.

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In contrast, the Nifty IT index slipped by 0.30%, closing at 38,833.15, reflecting investor caution around global tech cues. Meanwhile, the S&P BSE SmallCap index declined 0.18%, losing 96.26 points to settle at 54,594.65.

🔍 Stock Highlights

• Federal Bank Ltd surged 2.67% to close at ₹218.82, up ₹5.70, making it one of the day’s top gainers in the banking space.
• IDFC First Bank Ltd jumped 5.85%, closing at ₹77.10, indicating robust buying interest.
• ICICI Bank Ltd moved up 0.98% to ₹1,431.70, while IndusInd Bank Ltd edged higher by 0.89% to ₹879.90.
• On the energy front, Indian Energy Exchange Ltd (IEX) was largely flat, closing marginally higher at ₹192.92.

📊 Market Outlook

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Analysts expect the market to remain range-bound this week amid global macroeconomic cues and upcoming Q1 earnings. Banking and finance sectors continue to show resilience, while IT stocks may remain under pressure due to global uncertainties and sector-specific headwinds.

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Tags: Nifty 50, Sensex, Indian Stock Market, Federal Bank, ICICI Bank, IDFC First Bank, Bank Nifty, Nifty IT, SmallCap Index, NSE Updates