Sensex nifty largest gainers were M&M, Wipro, Tech Mahindra, Infosys, and UltraTech Cement, while the biggest losers were SBI Life Insurance and Tata Consumer Products.
Indian benchmark indices ended positive for the third consecutive session on June 7, with BSE Sensex reaching an all-time high and Nifty 50 index nearing record high.
The Reserve Bank of India has maintained key rates for the eighth consecutive time and raised the growth forecast for FY25 to 7.2%, affecting the Sensex and Nifty.
Sectors and stocks
Sectoral indices showed green growth, with auto, IT, power, telecom, metal up 2-3%. BSE midcap index gained 1.2%, smallcap index rose 2%.
June 10 Forecast
The Nifty surged after a flat closing, with a positive short-term trend. The market remains buy on dips if 23000 isn’t broken, with potential profit booking below 23000.
The Nifty closed the day with a gain of 469 points, recovering from a sharp decline on Tuesday. It is nearing its all-time high of 23338, with dips towards support zones 22800-22700 potentially serving as buying opportunities. Bank Nifty is still far from its previous high of 51133, but a dip towards 49500-49000 could be a buying opportunity.
| FII Bought | 4,391.02 Cr |
| DII Sold | -1,289.75 Cr |
Indian Market Stocks
| Sensex | 692.27 | 0.93% | 75074.51 |
| Nifty 50 | 201.05 | 0.89% | 22821.40 |
| Nifty Bank | 237.30 | 0.48% | 49291.90 |
Market Movers
| HCL Tech | 53.80 4.00% | Hindalco | -17.75 -2.55% |
| Tech Mahindra | 50.55 3.99% | Hero Motocorp | -124.25 -2.20% |
| SBI Life Insura | 52.75 3.79% | HUL | -53.15 -2.04% |
| Shriram Finance | 87.35 3.66% | Asian Paints | -56.95 -1.92% |
| SBI | 27.20 3.44% | Nestle | -38.45 -1.53% |
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Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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