More Stories

Informist, Tuesday, Jun. 10, 2025

By Akash Mandal

MUMBAI – Benchmark indices ended flat Tuesday as the market consolidated after gaining over 2% in the past four days, buoyed by the measures of the Reserve Bank of India to boost liquidity in the system. The Nifty 50 had risen to near its crucial support of 25200 points at open but faced profit booking at those levels. The 50-stock index moved in a narrow range of 75 points for most of the session, barring a couple of spikes on either side. The volatility was caused due to the weekly expiry of the derivatives contracts of the BSE Sensex. The actual range for the Nifty 50 was around 145 points.

The Nifty 50 closed at 25104.25 points, up 1.05 points. Grasim Industries ended nearly 4% higher and was the top gainer on the Nifty 50 after global brokerage Morgan Stanley upgraded the stock to 'overweight' from 'equal-weight' and raised its target price by 18% to INR 3,500. Shares of Maruti Suzuki India, which were trading lower for most of the session, extended losses and ended 1% lower after media reports said the company will cut the production of its first electric vehicle by two-thirds in Apr-Sept. The BSE Sensex ended 53.49 points lower at 82391.72 points.

Information technology stocks were also among the top gainers as investors were hopeful of a truce between the US and China on the tariffs front. Representatives from both countries will meet again in London on Tuesday after commencing discussions on a potential trade agreement Monday. Oracle Financial Services Software, Mphasis, and Persistent Systems ended 3-4% higher. The Nifty IT ended higher for the fifth straight session, gaining 4% during the period.

Sectoral indices ended mixed, with the Nifty IT, Nifty Media, and Nifty India Defence ending the session as the top gainers. On the other hand, Nifty Realty fell by over 1%. The index had gained over 26% in the 15 days before the RBI's rate cut Friday, and analysts believe that the benefit of the RBI's actions for the sector has already been priced in by the market. Macrotech Developers, Prestige Estates Projects, and Brigade Enterprises ended 2-3% lower.

Most bank stocks ended lower, with IDFC First Bank, ICICI Bank, and AU Small Finance Bank falling around 1% each. While bank stocks had rallied alongside other financial services stocks after the RBI's policy actions, some analysts said the impact of the higher-than-expected 50-basis-point cut in the repo rate on the net interest margins of banks was not yet priced in by the market.

Broader market indices ended mixed, though both gains and losses were slim. The Nifty Smallcap 50 has now ended higher for 13 straight sessions, gaining 9% during the period. 

Among other stocks, RattanIndia Enterprises surged sharply in afternoon trade and ended 18% higher. The stock was by far the top gainer in the Nifty 500, followed by Reliance Power. Premier Energies managed to end 2% higher despite media reports said South Asia Growth Fund II Holdings sold shares worth INR 26.30 billion in the company at a discount to the stock's closing price Monday. 

Jindal Saw closed 7% higher as analysts said the company's capital expenditure plan for West Asia is a near-term positive for the company. Zee Entertainment Enterprises gained nearly 3%, pushing the Nifty Media over 1% higher in the process, after the company said it had partnered with content and technology startup Bullet to launch a micro-drama application focused on fast-paced and creator-driven content.

Jana Small Finance Bank ended the session flat. The shares had gained over 6% intraday after the bank said it is seeking the RBI's approval to transition into a universal bank. Reliance Power ended over 10% higher. The stock has gained 84% in the last 30 days.

* Of the Nifty 50 stocks, 27 rose and 23 fell 

* Of the Sensex stocks, 16 rose and 14 fell

* On the NSE, 1,609 stocks rose, 1,302 fell, and 80 were unchanged

* On the BSE, 2,240 stocks rose, 1,799 fell, and 133 were unchanged

* Nifty IT: up 1.7%; Nifty Media: up 1.1%; Nifty Realty: down 1.1%

BSE                                               NSE

Sensex: 82391.72, down 53.49 points or 0.1%       Nifty 50: 25104.25, up 1.05 points

End

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.