Indian benchmark indices opened on a firm note on Friday, 27 June, with the BSE Sensex climbing 138.99 points to 83,894.86, and the NSE Nifty gaining 58.20 points to start at 25,607.20. The surge was attributed to eased geopolitical risks following a Middle East ceasefire, strong domestic macroeconomic indicators, and technical momentum in banking and energy stocks. On Thursday, the Nifty 50 closed 1.27 per cent higher at 25,549.00, with the Bank Nifty ending at 57,206.70鈥攗p 1.03 per cent. The broader markets also saw gains of 0.4 to 0.6 per cent in mid- and small-cap segments. While the Oil & Gas and Metals indices led the rally, Realty and IT counters witnessed minor corrections. “Having almost reached our upside target of 25,600 levels, Nifty could now advance towards the next upper range of 25,800鈥26,000 by next week,鈥 said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. He noted immediate support at 25,400. Global Backdrop Supports Bullish Outlook The upward momentum has been partly fuelled by positive global cues, particularly the de-escalation of the Israel-Iran conflict, which had previously threatened energy supply chains. The relative calm has boosted investor sentiment across Asian and European markets. Vinod Nair, Head of Research at Geojit Financial Services, observed: 鈥淭he stability in the Middle East has eased oil supply worries. Coupled with cooling inflation and healthy domestic liquidity, Indian equities are now better positioned to sustain their rally.鈥 However, Foreign Institutional Investors (FIIs) have continued to offload Indian equities, primarily due to a narrowing yield spread between Indian and U.S. 10-year bonds. Domestic Institutional Investors (DIIs), on the other hand, have stepped in as net buyers amid improved liquidity and consumer demand recovery. Technical Setup and Sectoral Outlook According to Bajaj Broking, Bank Nifty鈥檚 breakout from the 56,000鈥53,500 consolidation zone points to a potential move towards 57,800 and 58,500 in the near term. Key stocks across various sectors were in focus following bullish technical signals: Top Stock Picks for 27 June Sumeet Bagadia (Choice Broking): Welspun Enterprises (鈧542): Strong momentum above key EMAs, target 鈧575, stop-loss 鈧520. Nuvama Wealth (鈧7945): All-time highs continue; target 鈧8410, stop-loss 鈧7600. Ganesh Dongre (Anand Rathi): Indian Oil Corporation (鈧146): Rebounding from support, target 鈧155, stop-loss 鈧140. National Aluminium (鈧193): Bullish trend intact, target 鈧205, stop-loss 鈧185. Punjab National Bank (鈧106): Holding above 鈧100 support, target 鈧115, stop-loss 鈧100. Shiju Koothupalakkal (Prabhudas Lilladher): Sterlite Technologies (鈧103): Breaking key resistance, target 鈧111, stop-loss 鈧100. Prince Pipes (鈧355): Positive volume cues, target 鈧374, stop-loss 鈧347. Kalyan Jewellers (鈧553): Reversal with bullish momentum, target 鈧575, stop-loss 鈧542. What to Watch Ahead With the monthly F&O expiry behind and macro headwinds easing, the market may continue its upward trajectory. Analysts are closely watching global central bank signals and domestic Q1 earnings to gauge whether the Nifty can sustain above 25,800 in the near term. 鈥淯nless there is a major profit-booking wave or negative global surprise, we expect the Nifty to test 26,000 soon,鈥 said Sumeet Bagadia. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.