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After volatile trade on June 24, we witnessed a rally on June 25 as Nifty closed above 11,700. However, it failed to surpass 11,800. Sensex closed with gains of more than 300 points. The final tally on D-Street – Sensex rose 311 points to 39,434 while Nifty closed 96 points higher at 11,796. In terms of sectors, the S&P BSE Energy index rose over 2 percent, followed by the S&P BSE Metal index that was up 1.8 percent, and the S&P BSE Oil & Gas index that closed with gains of 1.6 percent. Broader market underperformed benchmark indices. The S&P BSE Midcap index rose 0.66 percent, while the S&P BSE Smallcap index gained 0.32 percent. The market is likely to remain volatile ahead of the F&O expiry on June 27, as well as Budget on July 5, suggest experts. In terms of global cues, G20 summit, likely to be held on June 28-29 will be closely watched by experts to track the progress of US-China trade talks. “Going forward, we maintain our cautious stance on the Indian markets. The near-term movement is likely to be driven by monsoon’s progress and global developments,” Jayant Manglik, President – Retail Distribution, Religare Broking Ltd told Moneycontrol. “The G20 summit, to be held on June 28-29, will be closely monitored as it is likely to focus on efforts to settle the international crisis and give some indication on progress on US-China trade talks. Further, the crude oil price and currency movement will also be