Premarket Report for the Indian Market (Friday, June 27, 2025)

Here’s a comprehensive pre-market report for the Indian market for today, Friday, June 27, 2025:

I. Market Overview & Global Cues

The Indian market displayed strong bullish momentum on Thursday (June 26, 2025), extending its winning streak for the third consecutive session. Both Nifty and Sensex surged, with Nifty closing firmly above the 25,500 mark and Bank Nifty hitting a fresh all-time high. This broad-based buying was led by heavyweight financial stocks and positive sentiment. Global cues this morning are mixed to positive, with US markets closing higher on Thursday (after being closed Wednesday) and some Asian markets showing slight gains.

II. GIFT Nifty Position

As of approximately 7:10 AM IST today, GIFT Nifty futures are trading around 25,697.50, up by about 87.50 points (+0.34%) from its previous close. This indicates a positive opening for the Indian market today, suggesting a continuation of the upward momentum.

III. Nifty 50 Support and Resistance Levels

• Resistance:
  • Immediate: 25,600 – 25,700
  • Stronger: 25,807 – 25,966
  • Crucial Hurdle: 26,000 (Psychological level)
• Support:
  • Immediate: 25,500 – 25,400 (Crucial support after the rally)
  • Stronger: 25,291 – 25,132
  • Key Base: 24,840 – 25,000 (Previous strong resistance turned support)

IV. Bank Nifty Support and Resistance Levels

• Resistance:
  • Immediate: 57,500 – 57,706
  • Stronger: 58,014 – 58,500 (Potential target after breakout)
• Support:
  • Immediate: 57,000 – 56,708
  • Stronger: 56,399 – 56,000 (Crucial support after the new high)
  • Key Base: 55,500

V. FII and DII Data (as of June 26, 2025)

• FII (Foreign Institutional Investors):
  • Equity Cash Segment: Net Buy of ₹12,594.40 Crores (A massive positive inflow, indicating strong renewed bullishness from FIIs).
  • Derivatives (Index Futures):
    • Net Position (Change in Open Interest): Net Long by ₹4,806.70 Crores (FIIs significantly added to their net long positions in Index Futures, reinforcing their positive stance).
  • Derivatives (Index Options): Net Buy of ₹32,273.50 Crores (Very strong buying in index options, indicating bullish bets).
• DII (Domestic Institutional Investors):
  • Equity Cash Segment: Net Sell of ₹195.20 Crores (DIIs were marginal net sellers, likely booking some profits after the rally).

Summary of FII/DII Data: June 26 saw a highly bullish turn from FIIs, with massive net buying in the cash segment and strong net long additions in both index futures and options. This is a very strong positive signal, overpowering the minor profit booking by DIIs.

VI. June Month OI Contact Put and Call (Based on June 26, 2025 end-of-day data for June 27, 2025 expiry – today)

• Nifty 50 – June 27, 2025 Weekly Expiry:
  • Highest Call Open Interest (Resistance):
    • 25,500, 25,600, and 25,700 strike prices are seeing significant Call OI. Call writers are now aggressively positioning at higher strikes, making these immediate resistance levels for today’s expiry.
  • Highest Put Open Interest (Support):
    • 25,500 and 25,400 strike prices have accumulated substantial Put OI. This indicates strong support at and around yesterday’s closing levels, as put writers believe Nifty will hold these levels.
• Bank Nifty – June 27, 2025 Weekly Expiry:
  • Highest Call Open Interest (Resistance):
    • 57,500 and 58,000 strike prices are now the key resistance levels, attracting significant Call writing.
  • Highest Put Open Interest (Support):
    • 57,000 and 56,500 strike prices have strong Put OI, indicating robust support at and below Bank Nifty’s all-time high.

Interpretation: The option chain for today’s expiry (June 27) reflects the strong rally. Call writers have shifted to higher strikes, and Put writers are providing solid support at current market levels, indicating bullish confidence for expiry. Max Pain for Nifty is likely around 25,500-25,600, and for Bank Nifty, it could be around 57,000-57,200.

VII. News and Updates

• US Markets: US stocks closed higher on Thursday, with the S&P 500 and Nasdaq reaching new highs, providing positive global cues.
• Rupee Appreciation: The Indian Rupee appreciated significantly against the US dollar yesterday, closing at ₹85.70, its strongest level since mid-June. A strong rupee is generally positive for imports and FII sentiment.
• IPO Market:
  • HDB Financial Services IPO: HDFC Bank’s NBFC arm’s large ₹12,500 crore IPO started on June 25 and will close today (June 27). Expect strong subscription numbers to influence market sentiment.
  • Rama Telecom Limited (SME), Suntech Infra Solutions Limited (SME), Sambhv Steel Tubes Limited (Mainline) IPOs are also closing today (June 27).
• Sectoral Performance: On Thursday, Financials (HDFC Bank, ICICI Bank, Axis Bank), Metal, Oil & Gas, and Auto sectors contributed significantly to the rally. IT stocks, however, saw some profit booking and underperformed.
• Specific Stock News:
  • Vodafone Idea: Reportedly in talks with lenders to raise $2.9 billion in long-term loans.
  • Jio Financial Services: Infused ₹190 crore into its payments banking subsidiary, making it a wholly-owned unit.
  • JSW Energy: Subsidiary signed a 25-year PPA with NHPC for a 300 MW solar-wind hybrid project.
  • Texmaco Rail: Secured a ₹535 crore order for railway wagons with a 20-year maintenance contract.
  • PB Fintech: Co-founders Yashish Dahiya and Alok Bansal may offload 1.1% stake for ₹912 crore.
  • Union Bank of India: Plans to raise ₹6,000 crore via equity and debt.
  • Coal India: Reported an 8.7% YoY decline in coking coal production for May.
  • Ex-Dividend Today: HDFC Bank, and 18 other companies including some major ones like HUL. (This can lead to minor price adjustments on ex-dividend date).
• F&O Ban: ABFRL, BSOFT, CHAMBLFERT, CDSL, HINDCOPPER, IEX, IREDA, MANAPPURAM, RBLBANK, TITAGARH are likely to remain in the F&O ban for today.

VIII. Key Factors to Watch Today:

• Sustained FII Inflows: The robust FII buying seen yesterday is a major positive. Whether this trend continues today will be crucial for market direction.
• HDB Financial Services IPO Subscription: The final subscription figures for this large IPO, closing today, will be watched closely.
• Global Market Sentiment: Continued positive cues from US and other Asian markets.
• June Expiry: Today is the weekly expiry for Nifty and Bank Nifty options. Expect volatility and swift moves as options positions are squared off or rolled over. The expiry will heavily depend on where option writers have placed their bets (OI).
• Crude Oil Prices: Geopolitical developments in the Middle East still have the potential to influence crude prices, though they softened slightly yesterday.

Disclaimer: This report is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.