Blue-Chip Buying Lifts Markets: Asian Paints, Power Grid, ICICI Bank Rally on June 27

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BSEINDIA, CC BY-SA 3.0, via Wikimedia Commons

The Indian stock market ended on a strong note today, with the Sensex climbing 303 points to close at 84,058.90, marking its fourth straight session of gains. The broader sentiment remained optimistic as all sectoral indices traded in the green, with buying seen across FMCG, financials, and cement stocks. Investors also drew comfort from signs of easing geopolitical tensions.

Asian Paints Leads the Way with a 3% Growth

Asian Paints Ltd soared 3.06% to ₹2,359.25, driven by strong institutional demand and improved sectoral outlook in decorative paints. The stock touched a high of ₹2,365 intraday before closing just below that mark. Despite still being below its 52-week high of ₹3,394, the stock showed signs of a sustained comeback.

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  • Market Cap: ₹2,26,298 Cr | P/E Ratio: 62.90
  • 52-week low: ₹2,125 | High: ₹3,394

UltraTech Cement Continues Uptrend

UltraTech Cement added 2.43% to close at ₹12,234.95, backed by consistent institutional interest and strong demand in the cement sector. The company remains a preferred pick for investors in infrastructure and housing-linked plays. The volume and turnover reflect steady accumulation near key support levels.

  • Market Cap: ₹3,60,538 Cr | P/E Ratio: 54.45
  • 52-week low: ₹10,053 | High: ₹12,341

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Power Grid Gains on Defensive Buyin

Power Grid Corporation of India rose 2.11% to ₹299.60. The stock witnessed healthy volumes as defensive sectors like power and utilities remained in favor amid a stable macro backdrop. With an ROE of nearly 17% and consistent earnings, Power Grid continues to attract long-term investors.

  • Market Cap: ₹2,78,646 Cr | P/E Ratio: 18.15
  • 52-week low: ₹247.50 | High: ₹366.20

ICICI Bank Adds to Banking Strength

ICICI Bank, which increased 1.56% to ₹1,461.75, made a significant contribution to the Sensex’s gains. The stock hit a high of ₹1,465.40 during the session, supported by positive banking sector sentiment and continued interest from foreign investors. With a strong ROE and stable credit metrics, ICICI remains a top private lender pick.

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  • Market Cap: ₹10,43,037 Cr | P/E Ratio: 22.98
  • 52-week low: ₹1,153.30 | High: ₹1,471.10

As the Indian market moves into the final trading day of the week, investor sentiment remains upbeat, backed by continued foreign fund inflows, domestic macro resilience, and earnings optimism.

Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.

Also read: Market Rally Continues on June 26: NBFCs, Metal & Telecom Stocks Drive Gains
Published on: June 26, 2025 / M Vishnu

National Conclave on Digital Land Survey Concludes

The three-day “Smart Land Governance” conclave wraps up today in Thiruvananthapuram, with officials from 26 states discussing digital survey tools like “Ente Bhoomi” for land record modernisation.

📆 28th, June Celebrated as International Lightning Safety Day.

ओ पुत्र कुंती, सुख-दुःख का अस्थायी आना-जाना जैसे गर्मी और सर्दी के मौसम का आना-जाना है।
The nonpermanent appearance of happiness and distress, and their disappearance in due course, are like the appearance and disappearance of winter and summer seasons.

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