Nifty Tops 25,600, Sensex Up by 160 Points; PSU Stocks, PowerGrid, Adani Ports Shine

On June 27, the stock market opened on a positive note, with Nifty crossing 25,600 and the Sensex gaining over 160 points in early trade. A broad-based rally across sectors, especially PSU stocks, pushed the markets higher, reflecting strong investor sentiment.

Among the top gainers were PowerGrid, Adani Ports, and Asian Paints, which led the index higher. The rally wasn’t limited to large caps — BSE Midcap and Smallcap indices were up by 0.5% each, indicating healthy market participation across segments.

PSU Stocks in Focus

Public Sector Undertakings (PSUs) were clearly in the spotlight today, with several names making notable intraday gains:

• Gujarat Gas surged 4.22%

• Hindustan Copper rose 2.92%

• HPCL (Hindustan Petroleum) climbed 2.87%

• JK Bank gained 2.77%

• Union Bank advanced 2.03%

Other active PSU gainers included Bharat Dynamics, IRCTC, Punjab & Sind Bank, and Bank of Maharashtra. These stocks contributed significantly to the broader rally in the BSE PSU index, which remains one of the day’s strongest performers.

Read also: Eternal Ltd Sees Stock Dip After Leadership Change in Food Delivery Segment

PowerGrid Corp also jumped 1.64%, continuing its strong upward trend and emerging as a key gainer among Nifty constituents.

Sector-Wise Performance

Almost all sectoral indices traded in the green, adding to the market’s positive breadth. Capital Goods, Oil & Gas, and PSU Banks each gained nearly 1%, contributing to the rally. The only sector in red was Realty, which saw some mild profit booking.

Active Stocks to Watch

Among the most active stocks on NSE were:

• Jio Financial Services

• Dixon Technologies

• MCX India

• HDFC Bank

• Himadri Speciality Chemicals

These names witnessed higher trading volumes and drew attention from both institutional and retail investors.

Leadership Update: IndusInd Bank CEO Buzz

In corporate developments, Rajiv Anand of Axis Bank is being considered as a strong candidate for the CEO position at IndusInd Bank, according to sources cited by CNBC-TV18. Alongside him, Anup Saha of Bajaj Finance is also being evaluated by the board of IndusInd Bank.

This update could drive attention toward banking stocks, especially private lenders, as investors react to potential leadership changes.