Synopsis : Indian stock markets opened strong this Monday, with Nifty soaring past 25,100 and Sensex gaining 380 points amid upbeat global cues. Banks and financials led the rally, while investors tracked global events, including US-China trade talks.
Markets Kick Off the Week on a High Note: Nifty Crosses 25,100, Sensex Surges
Indian equity markets began the new week with robust momentum as positive global signals boosted investor sentiment. On June 9, the NSE Nifty 50 opened 116 points higher at 25,119, while the BSE Sensex jumped 379 points to reach 82,568. The gains were supported by a strong opening in Bank Nifty, which rose 362 points to 56,940, and a 348-point rise in the Nifty Midcap 100, taking it to 59,358.
This positive start comes after Friday’s bullish close, which negated Thursday’s weakness. According to Akshay Chinchalkar, Head of Research at Axis Securities, if Nifty convincingly breaks 25,260, it could potentially rally toward 25,800, based on a completed pennant pattern. Resistance and support levels for the day lie at 25,120 and 24,820, respectively.
Financials Lead Market Rally
Top Gainers:
Shriram Finance
IndusInd Bank
Axis Bank
Kotak Mahindra Bank
Bajaj Finance
Big Movers:
Infosys
Reliance Industries
L&T
These heavyweight counters provided the necessary thrust for the benchmarks to rally.
Laggards in Morning Trade
Not all stocks participated in the rally. SBI Life Insurance, Zomato, and Titan faced early pressure and remained in the red.
Eyes on Global Events: US-China Trade Talks
Markets are also tracking developments on the global stage, particularly the US-China trade discussions in London. Tensions have flared up over high-tech semiconductor trade and rare earth supplies critical to EVs and AI development. This could influence investor risk sentiment if talks escalate or make a breakthrough.
Market Outlook
With global equities providing tailwinds and domestic technicals staying strong, the market’s short-term outlook remains optimistic. However, macro developments like US inflation, Fed rate cues, and geopolitical shifts could stir volatility. Watch for Nifty’s ability to sustain above 25,100 and make a clean breakout past 25,260 for further upside.
Disclaimer : This article is for informational purposes only and does not constitute financial advice or stock recommendations. All market-related data is based on publicly available sources and subject to change. Always consult a professional financial advisor before making investment decisions.
