Sensex-Nears-82,500;-Nifty50-Above-25,100As of late morning trading, BSE Sensex is at 82,508, showing a small gain of 63 points or 0.08% 

 

The Indian stock market is witnessing mild gains with high volatility as investors closely monitor global developments, especially the ongoing trade talks between the United States and China. While the global market signals remain mixed, Indian markets stay cautious but positive. 

As of late morning trading, BSE Sensex is at 82,508, showing a small gain of 63 points or 0.08%. The broader index Nifty50 is trading at 25,147, up 44 points or 0.18%. Despite the narrow gains, the mood in the market remains optimistic, supported by gains in IT and metal stocks. 

 

Broader Market Update 

 

Broader market indices are performing slightly better than the benchmark indices: 

Nifty Midcap 100 is up by 0.3% 

Nifty Smallcap 100 is up by 0.36% 

This trend indicates that mid-sized and small companies are seeing more investor interest today, possibly due to value buying and sector-specific strength. 

 

Sector-Wise Performance 

 

Gaining Sectors 

 

Information Technology (IT)

The Nifty IT index is the best performer today, rising over 1.49%. 

Stocks like Persistent Systems are up by nearly 4%. 

Coforge and Tech Mahindra are both gaining more than 3%. 

This rally in IT stocks is likely driven by strong demand in export markets and positive business forecasts from software companies. 

Metals

The Nifty Metal index is also up by 0.99%, driven by higher global metal prices. 

Companies involved in steel and aluminum production are seeing increased buying interest. 

Expectations of better demand from infrastructure projects and construction activity are boosting these stocks.

 

Losing Sector 

 

Public Sector Banks (PSU Banks) 

 
The Nifty PSU Bank index is down by 0.21%. 

Investors seem to be booking profits after a recent rally. 

Concerns about bad loans and tight margins may also be playing a role in today’s decline. 

 

Banking Sector Overview 

 

Private Banks and Nifty Bank Index 

 

The Nifty Bank index touched an all-time high of 57,050 on Monday. 

Today, it is trading slightly lower at around 56,700, with a decline of about 0.3%. 

Despite the dip, the index has gained over 18% in the last four months, driven by strong earnings and high investor interest in private sector banks. 

 

Non-Banking Financial Companies (NBFCs) 

 

NBFC stocks like Bajaj Finance are performing well today. 

These firms are benefitting from the Reserve Bank of India’s (RBI) recent moves to support liquidity. 

NBFCs are considered more agile in lending and have strong demand in retail and personal loans, which is helping them outperform traditional banks.

 

Key Policy Update – RBI’s Surprise Cash Injection 

 

A major development today is the RBI’s decision to inject ₹2.5 trillion into the banking system starting from September. 

The central bank also announced a 100 basis points cut in the Cash Reserve Ratio (CRR) and a 50 basis points reduction in the repo rate. 

This move is meant to improve liquidity and encourage lending. 

The surprise decision is creating positive sentiment in the bond market, with many investors preferring to invest in short-term bonds.

 

Bond Market Trends 

 

Yields on short-term government bonds are falling as investors shift their focus to short-term securities. 

The yield on one-year government bonds is now near 5.45%, while the ten-year yield remains around 6.25%. 

This shift shows that investors believe the RBI will continue to keep interest rates low in the short term, making short-term bonds more attractive. 

 

Individual Stock Highlights 

 

Several companies are showing notable moves due to company-specific developments:

 

United Spirits 

 

Shares rise over 3% due to news that parent company Diageo may sell its stake in the IPL team Royal Challengers Bengaluru (RCB). 

The stock has touched its highest price since January 2025. 

 

Jindal Saw 

 

Shares surge 9.3% after the company announces new investment plans. 

Positive investor response is driven by long-term growth potential. 

 

Rites Ltd. 

 

Gains 3% after bagging a new export order worth $2.9 million. 

 

Glenmark Pharmaceuticals 

 

Rises 1.7% following the launch of a new product in the domestic market. 

Protean eGov Technologies 

Jumps 6% after winning a new government contract. 

 

IPO Market Activity 

 

Jainik Power and Cables IPO, a small and medium enterprise (SME) issue, opens for subscription today. 

Sacheerome IPO, another SME issue, enters its second day of subscription. 

Both IPOs are attracting good interest from retail investors, reflecting continued enthusiasm in the primary market. 

 

Technical Levels to Watch 

 

Nifty50 

 

Immediate resistance is around 25,160–25,200. 

A breakout above this level may lead the index towards 25,260–25,320. 

Support zones include 24,900 and the 50-day moving average near 24,806. 

 

BSE Sensex 

 

Support is at 82,000, and resistance is around 82,800–83,000. 

A strong close above 83,000 may trigger a fresh rally in large-cap stocks. 

 

Global Market Influence 

 

The progress of the US–China trade negotiations continues to influence global and Indian markets. Any breakthrough or setback in the talks could cause immediate movement in key indices. 

A positive outcome would support further gains in equity markets and boost sectors like metals, IT, and export-driven businesses. 

A negative outcome could increase volatility and push investors towards safer assets like bonds or gold. 

 

Investor Sentiment and Market Outlook 

 

Liquidity support from the RBI is giving confidence to investors in both equity and debt markets. 

Earnings growth, especially in IT and financial sectors, continues to attract institutional investment. 

However, global uncertainty, including oil prices, foreign fund flows, and central bank decisions in other countries, remains a risk factor. 

As of midday on June 10, 2025, the Indian stock market is showing resilience, led by strong gains in the IT and metals sectors. The RBI’s unexpected cash support is lifting investor confidence, particularly in the debt market. While banking and financial stocks are slightly under pressure, broader market action in mid- and small-caps remains strong. 

Eyes remain on technical resistance levels and the outcome of the US–China trade talks. With global cues still unclear, the market is likely to remain volatile but shows signs of strength in selective sectors.