The Indian equity market experienced a day of consolidation on Tuesday, June 10, 2025, with benchmark indices largely concluding on a flat note. This followed a notable four-day winning streak for the Sensex, indicating a period of market digestion amidst a confluence of mixed global and domestic signals. Investors carefully assessed the impact of ongoing international trade discussions and significant domestic monetary policy adjustments by the Reserve Bank of India.
Table of Contents
- Nifty and Sensex Today – Key Market Indices Performance
- Broader Market Outperformance
- Sector-wise Performance
- Top Performing Sectors
- Worst Performing Sectors
- Top Stock Market News of the Day – What Moved the Markets
- Global Trade Optimism
- RBI Monetary Policy Decisions
- Key Corporate Developments
- FII and DII Activity Today – Where Big Money Moved
- Latest Institutional Activity (June 9, 2025)
- Impact on Market Sentiment and Rupee
- IPOs, Listings and Market Buzz – Latest Stock Market Trends
- Ongoing IPOs and Subscription Updates
- New IPO Approvals and Upcoming Launches
- Other Market Buzz
- Top Gainers and Losers Today – Best and Worst Performing Stocks
- Top Gainers on NSE Nifty 50
- Top Gainers on BSE Sensex
- Biggest Losers on NSE Nifty 50
- Biggest Losers on BSE Sensex
- Economic and Global Factors Today – What Else Affected Markets
- RBI Decisions and Economic Outlook
- Crude Oil Prices
- US Federal Reserve News
- Global Geopolitical Factors
- What to Watch Tomorrow – Key Events and Predictions
- Upcoming Economic Data
- Earnings Season and Corporate Announcements
- Market Levels to Watch
- Overall Investor Expectations
- Final Takeaway – Summary of Today’s Stock Market
On June 10, 2025, India's frontline equity indices closed with minimal movement:
- TheSensex concluded the trading session 53 points (0.06%) lower, settling at 82,391.72 points. It opened on a positive note at 82,643.73 and saw an intraday low of 82,240.4.
- The Nifty 50 managed a marginal gain, ending just 1 point higher at 25,104.25. It commenced trading at 25,196.05 and fluctuated primarily between 25,103.20 and 25,199.30.
The largely flat closing of these benchmark indices, despite some intraday volatility and a mixed global backdrop, suggests that the market is in a phase of absorbing recent gains and external information, possibly engaging in profit booking.
While the large-cap indices remained subdued, the broader market segments demonstrated relative strength:
- The BSE Midcap index closed 0.1% higher.
- The BSE Smallcap index advanced by 0.3%.
- Similarly, on the National Stock Exchange, the Nifty Midcap100 closed flat with a positive bias, and the Nifty Smallcap100 index recorded a gain of 0.14%.
This outperformance by mid and small-cap indices suggests a broadening of market participation and investors actively seeking value and growth opportunities across a wider spectrum.
The performance across various sectors was mixed:
Top Performing Sectors:
- The IT sector emerged as a strong performer, driven by renewed investor confidence stemming from signs of progress in US-China trade negotiations.
- The Media sector also witnessed significant buying interest.
- In early trade, the financial and industrial sectors displayed robust buying momentum, though financials later faced profit booking.
Worst Performing Sectors:
- The Realty sector was the top loser, declining by 1.14%, largely due to selling pressure in key constituents such as Prestige, Macrotech Developers, and DLF.
- The Telecommunication sector also experienced selling pressure.
- Other sectors, including Nifty PSU Bank, Nifty Financial Services, Nifty Infrastructure, Nifty Consumption, and Nifty Oil & Gas, traded with a dip of less than 1%.
This mixed sectoral performance points towards a tactical rotation of capital within the market, influenced by specific news and revised outlooks.
Several key events, both global and domestic, shaped the market's direction:
- Global Trade Optimism: Optimism surrounding the continuation of US-China trade negotiations in London provided a positive backdrop for global equities, with Asian markets rallying. However, this general sentiment was not enough to propel a strong rally in India, suggesting domestic factors had a more immediate influence.
- RBI Monetary Policy Decisions: The Reserve Bank of India (RBI) announced a significant monetary policy decision, cutting the benchmark repo rate by 50 basis points to 5.50%, exceeding market expectations. Concurrently, the RBI reduced the Cash Reserve Ratio (CRR) by 100 basis points to 3%, to be implemented in four tranches starting September 2025. Crucially, the RBI also shifted its policy stance from 'accommodative' to 'neutral', signaling that further substantial rate cuts are unlikely in the immediate future. Following this, several major banks began adjusting their fixed deposit interest rates.
- Key Corporate Developments:
- Protean eGov Technologies: Shares rose 6% after securing a ₹100 crore contract from Bima Sugam Indian Federation for a new digital insurance marketplace.
- Reliance Power: Shares gained notably due to project wins, a favorable court ruling, equity infusion, and reporting a net profit of ₹1.3 billion in Q4 FY25, a significant turnaround.
- Zee Entertainment: Shares rose over 6% following a strategic partnership with the startup 'Bullet' to launch India's first micro-drama application.
- Jindal Saw: Shares surged 7.5% after unveiling a $105 million capital expenditure plan for the Middle East, including a seamless pipe plant in Abu Dhabi and two joint ventures in Saudi Arabia.
- Rapido's Potential Entry into Food Delivery: Rumors of Rapido testing food delivery services in Bengaluru with lower commission fees led to a decline in Swiggy and Zomato shares.
- IRB Infrastructure: Reported an 8.5% year-on-year growth in its toll revenue for May, reaching ₹581.2 crore.
As of the close of markets on June 9, 2025 (most recent available data for June 10), both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) continued their net buying:
- FIIs were net buyers, injecting ₹1,992.87 crore into the Indian equity market.
- DIIs also maintained a positive stance, with net purchases amounting to ₹3,503.79 crore.
This consistent institutional support acted as a stabilizing force on June 10th, indicating strong underlying confidence in the Indian market.
The sustained foreign capital inflows, combined with domestic equity gains, provided a crucial cushion for the Indian Rupee amidst global uncertainties. The Rupee appreciated by 8 paise against the US dollar in early Tuesday trading, opening at ₹85.58, and managed to hold steady within its recent trading band of ₹85 to ₹86 despite global headwinds like higher crude oil prices and a firm US dollar index.
The primary market remained active, reflecting strong investor confidence and ample liquidity:
- Ongoing IPOs:
- The Jainik Power Cables IPO(SME) commenced its subscription on June 10, closing on June 12.
- The Sacheerome IPO (SME) continued to attract robust demand on its second day (June 10), with overall subscription reaching 16.49 times by midday. Its GMP indicated a likely 29.4% listing gain.
- New IPO Approvals and Upcoming Launches:
- Four companies (Kent RO Systems, Karamtara Engineering, Vidya Wires, and Mangal Electrical Wires) received SEBI approval for their IPOs.
- The Oswal Pumps Limited IPO (mainboard) is slated to open on June 13-17, with a price band of ₹584-₹614 per share and an issue size of ₹1,387 crore.
- Other upcoming SME IPOs include Monolithisch India (June 12-16) and Aten Papers & Foam (June 13-17).
- Several mainboard IPOs, such as Zepto, SBI Mutual Fund, PhonePe, HDB Financial Services, Tata Capital, and BoAt, are "To be announced."
- Other Market Buzz:
- The Wealth Company launched a ₹2,000 crore Bharat Bhoomi Fund, targeting real estate and infrastructure investments (data centers, housing, renewable energy parks).
- ITI Mutual Fund introduced a new brand identity, 'Diviniti Specialized Investment Fund' (Diviniti SIF), marking its entry into the Specialized Investment Fund space.
Individual stocks exhibited significant movements, highlighting that even during index consolidation, micro-level factors drive performance.
Top Gainers on NSE Nifty 50:
Biggest Losers on NSE Nifty 50:
- Trent Ltd.: -1.68% at ₹5,814 (company-specific factors or retail sector profit booking).
- Asian Paints Ltd.: -1.33% at ₹2,217 (profit booking).
- Maruti Suzuki India Ltd.: -1.31% at ₹12,472 (faced profit booking despite early auto sector gains).
- Bajaj Finance Ltd.: Part of the losing cohort, financial stocks experienced profit booking.
- Tata Steel Ltd.: Recorded a loss, indicating mixed trends and some profit booking in metals.
The presence of major financial and consumption-oriented stocks among losers suggests profit booking in sectors sensitive to domestic policy shifts or valuation concerns.
- RBI Decisions and Economic Outlook: The RBI's rate cut and CRR reduction aim to stimulate credit growth and liquidity. The downward revision of retail inflation projection for FY26 to 3.7% indicates expectations of moderate core inflation. The shift to a "neutral" policy stance implies a measured path forward for monetary easing.
- Crude Oil Prices: Saw minor gains, with Brent crude futures around $67.38 per barrel (+0.5%) and WTI above $65, supported by positive trade sentiment and supply issues.
- US Federal Reserve News: No immediate major policy decisions. Wall Street closed mixed/flat, awaiting further clarity on trade talks and inflation data.
- Global Geopolitical Factors: Ongoing US-China trade negotiations influenced sentiment. Underlying geopolitical tensions, including India's "Operation Sindoor" against Pakistan, contributed to underlying choppiness and caution.
- Upcoming Economic Data: M3 Money Supply Year-on-Year data for May will be released at 11:30 AM IST. India's Consumer Price Index (CPI) print for May will be announced on Thursday, June 12, significantly influencing future interest rate expectations.
- Earnings Season and Corporate Announcements: Several companies have board meetings to approve yearly audited financial results for March 2025, including Toyam Sports, Neopolitan Pizza and Foods Ltd., NMS Resources, Lords Chemicals, and Libas Consumer Products.
- RBI Liquidity Management: The RBI announced it would discontinue daily Variable Rate Repo (VRR) auctions starting June 11, 2025, due to a liquidity surplus of approximately ₹3 lakh crore in the banking system. This reinforces the central bank's "neutral" stance and suggests a potential plateau in monetary easing.
- Stock-Specific Movements: VTM Ltd. shares will trade ex-bonus (3:1) and Murae Organisor Ltd. shares will trade ex-split (₹2 to Re 1) on June 11. These, along with corporate earnings, are likely to drive stock-specific movements.
- Market Levels to Watch:
- Nifty 50: Crucial support at 25,000. Uptrend likely to continue above this level, potentially moving towards 25,350-25,400. Immediate support near 24,950.
- Bank Nifty: Holding above 56,100–56,200 breakout zone is critical. A sustained move beyond 57,120 could open path towards 57,700-57,900, with potential for fresh upside targets of 60,000. Daily range expected between 56,500 and 57,400.
- Overall Investor Expectations: Indian markets may open flat to negative on Wednesday, influenced by mixed global signals. Tomorrow's market direction will likely hinge on domestic news, corporate updates, and broader Asian market sentiment.
The Indian stock market on June 10, 2025, largely experienced a day of consolidation, masking significant underlying strength and strategic adjustments by investors. The outperformance of mid and small-caps, strong institutional buying on the preceding day, and active primary market participation all point to a resilient market in a digestion phase rather than one of weakness.
Sectoral rotation was evident, with IT and Media gaining while Realty and Financials faced profit booking, indicating a healthy reallocation of capital. This dynamic was supported by continued net buying from both FIIs and DIIs. The RBI's balanced approach of a significant rate cut to boost liquidity coupled with a shift to a 'neutral' policy stance signals a measured path for monetary policy, managing both immediate stimulus and future expectations.
A vibrant IPO market and the emergence of new fund categories highlight sustained investor confidence and a diversifying investment landscape. Investors are navigating a complex environment where global trade tensions, domestic monetary policy shifts, and company-specific developments all play a role. This complexity means that a selective, research-driven approach is paramount for investors in this multifaceted market.