Sensex, Nifty Set To Rise For Third Straight Session; Key Levels In Focus For June 26

Sensex, Nifty, Bank Nifty, Indian stock market, stock market news, GIFT Nifty, market opening, Jerome Powell, US Federal Reserve, interest rates, inflation outlook, Israel Iran ceasefire, geopolitical tensions, India VIX, stock market volatility, technical analysis, support and resistance levels, SAMCO Securities

June 26, 2025: Benchmark indices Sensex, Nifty are expected to open higher on Thursday, buoyed by easing geopolitical tensions following a stable ceasefire between Israel and Iran. Global investor sentiment has turned cautiously optimistic, with attention now shifting to US Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee.

At 7:25 am, the GIFT Nifty was trading at 25,296, up by 0.2%, signaling a positive start to the session. On Wednesday, domestic markets extended gains for the second consecutive day. The Nifty Smallcap 100 surged by 1.42%, while the Nifty Midcap 100 rose 0.21%. Additionally, India VIX, the volatility index, fell nearly 4% to 13.10, suggesting improved investor confidence and a calm market environment.

Key Support and Resistance Levels to Watch

Nifty 50:
- Support: 24,750–24,700
- Immediate support zone: 25,000–24,900
- Resistance: A close above 25,300 could open the path toward 25,500
- Downside Risk: A break below 24,700 could trigger selling pressure
Bank Nifty:
- Support: 56,000–56,300
- Demand Zone: 56,300–56,500
- Resistance: Sustained movement above 56,800–57,000 needed for rally toward 57,700

“The ability of the indices to hold above key support zones suggests persistent demand on dips,” said Dhupesh Dhameja, Analyst at SAMCO Securities. “However, failure to break resistance levels could keep markets in a consolidation phase.”

Market Sentiment Indicators

India VIX: Down 4.98% to 12.96, below the 15 mark — indicating declining fear and increased stability
Put-Call Ratio (PCR): Rose to 1.05 from 0.80, suggesting strong put writing and a mildly bullish sentiment

Global Cues in Focus

Investors are keenly awaiting remarks from Jerome Powell, who is expected to comment on inflation, interest rates, and the Fed’s balancing act between growth and price stability. His testimony could set the tone for global equity markets ahead of upcoming U.S. inflation data and Fed meeting minutes.

Disha Rojhe