Stock Watch — June 25, 2026
Market Day Summary | Not investment advice
Summary as of 08:35 IST, June 25, 2026
📊 INDICES
| Index | Prev Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,021.65 | +197.55 | +0.83% |
| Nifty Bank | 58,150.35 | +966.60 | +1.69% |
| FinNifty | 26,736.00 | +406.70 | +1.54% |
| Nifty IT | 27,566.70 | +554.65 | +2.05% |
| India VIX | 13.38 | ▼ ~4% | — |
Pre-market signal: US markets closed mixed (Dow +0.17%, S&P 500 -0.28%, Nasdaq -0.76%). Global tech selloff on AI valuation concerns may weigh on Indian IT and fintech. Oil prices near 4-month lows — positive for India. Market holiday Friday (Muharram) — expect lower volumes and potential position unwinding ahead of long weekend.
🏦 BANKS — Digital Payments Focus
| Bank | Symbol | Prev Close | Day Chg % | Direction |
|---|---|---|---|---|
| ICICI Bank | ICICIBANK | ₹1,373.60 | +2.64% | ↗️ |
| HDFC Bank | HDFCBANK | ₹793.20 | +2.39% | ↗️ |
| Axis Bank | AXISBANK | ₹1,384.50 | +1.54% | ↗️ |
| Kotak Bank | KOTAKBANK | ₹405.95 | +1.07% | ↗️ |
| SBI | SBIN | ₹1,034.60 | +1.02% | ↗️ |
Bank Nifty surged 1.69% on June 24 — strongest single-day gain in weeks. Private bank index up 1.67%. ICICI Bank (+2.64%) was the top performer, followed by HDFC Bank (+2.39%). All five major banks closed green. Nifty Bank reclaimed 58,150 — a psychologically significant level.
Expectation for June 25: Banks likely to open flat to marginally lower — US tech selloff impact may spill over to financials via FII sentiment. FPIs sold ₹64,761 cr in H1 June, with financials hit hardest. However, domestic institutional buying and positive earnings expectations may cushion downside. Holiday Friday may limit upside moves.
💳 FINTECH — Pure Play
B1: Digital Payments & Wallets
| Company | Symbol | Prev Close | Day Chg % | Direction |
|---|---|---|---|---|
| MobiKwik | MOBIKWIK | ₹199.28 | +1.90% | ↗️ |
| Paytm | PAYTM | ₹1,087.30 | -0.06% | ➡️ |
MobiKwik extended gains (+1.9%). Paytm was flat — investor interest shifting to earnings outlook.
B2: Insurance & Credit Marketplaces
| Company | Symbol | Prev Close | Day Chg % | Direction |
|---|---|---|---|---|
| PB Fintech | PBFINTECH | ₹1,636.30 | +0.86% | ↗️ |
PolicyBazaar parent gained modestly. Insurance sector saw selective buying.
B3: Payment Infrastructure & Gateways
| Company | Symbol | Prev Close | Day Chg % | Direction |
|---|---|---|---|---|
| Pine Labs | PINELABS | ₹161.27 | +7.47% | ↗️🔥 |
| NPST | NPST | ₹1,630.50 | -0.54% | ↘️ |
| Infibeam Avenues | INFIBEAM | ~₹15.07* | N/A | ➡️ |
Pine Labs was the standout fintech mover — surged 7.47% on block deal activity (41.9 lakh shares / 0.4% equity) and the Shopflo Technologies acquisition (AI-powered checkout optimization). Morgan Stanley maintains Overweight (target ₹186), Jefferies maintains Buy (target ₹185). 52W range: ₹134.73 – ₹284; -45% from 52W high.
NPST (UPI infrastructure) slipped marginally. Infibeam Avenues (now AvenuesAI Ltd) — data limited; thinly traded.
B4: Payments Banking & Cards
| Company | Symbol | Prev Close | Day Chg % | Direction |
|---|---|---|---|---|
| SBI Card | SBICARD | ₹607.60 | +0.07% | ➡️ |
| Fino Payments Bank | FINOPB | ₹149.89 | -1.17% | ↘️ |
SBI Card was flat near ₹607. Fino Payments Bank slipped 1.17% on weak volume.
B5: ATM & Cash (Peripheral)
| Company | Symbol | Prev Close | Day Chg % | Direction | Note |
|---|---|---|---|---|---|
| AGS Transact | AGSTRA | ₹2.69 | 0.00% | ➡️ | ⚠️ Under CIRP |
AGS Transact remains at ₹2.69 — unchanged. Company is under Corporate Insolvency Resolution Process (CIRP). Trade only with extreme caution.
📰 Sector News
- BHIM Payments App volumes triple: Monthly transactions surged from ~80M to 244M between June 2025 and May 2026 — massive growth in government-backed UPI channel [^1]
- FPI selling spree continues: Foreign investors offloaded ₹64,761 crore in H1 June alone, highest since March. Financials and oil & gas hit hardest [^2]
- RBI signals patience on rates: Governor indicated further rate hikes may be premature, boosting market sentiment [^3]
- Pine Labs acquires Shopflo Technologies: AI-powered checkout optimization platform. Adds SaaS-like recurring revenue to Pine Labs’ transaction-fee business [^4]
- Market holiday Friday: NSE/BSE closed on June 26 for Muharram. Expect thin volumes and potential pre-holiday squaring off [^5]
- Global tech selloff: Nasdaq fell 0.76% on AI valuation concerns. Micron and Qualcomm earnings after hours may set tone for tech [^6]
- Oil near 4-month lows: Strait of Hormuz toll concerns easing. Falling crude positive for India’s current account and fiscal deficit
- Dollar at 13-month high: INR weakened to 94.86. RBI likely monitoring closely [^3]
- NSE/Jio IPO pipeline: Expected to broaden market appeal and deepen retail participation [^7]
Infibeam Avenues price from June 19 (~₹15.07) — data for June 24 not available; stock thinly traded post-rename to AvenuesAI Ltd.
Sources: Moneycontrol, NSE India, Economic Times Markets, Yahoo Finance, Univest Disclaimer: AI-generated for educational purposes. Not investment advice. For informational purposes only.