GIFT Nifty on the NSE IX was trading lower on June 12, 2025, signaling a potentially muted start for the Indian stock market indices, Sensex and Nifty.
Global and Asian Market Cues:
Asian markets presented a mixed bag, with the Nikkei in Japan and the Hang Seng in Hong Kong experiencing declines, while the KOSPI in Korea showed gains. Investors are closely monitoring key economic data releases, including US CPI, UK GDP, and India's CPI inflation. Rising geopolitical tensions in the Middle East and fragile trade relations between the US and China are also weighing on market sentiment.
GIFT Nifty Performance:
As of 7:18 AM IST, GIFT Nifty was down 30 points, suggesting a cautious opening for Indian equities. However, other sources indicated a slightly positive bias, with GIFT Nifty trading above 25,200, hinting at a potential move towards 25,300 in the near term. This divergence suggests some uncertainty in early market direction.
Wednesday's Market Close:
On Wednesday, June 11, 2025, the Indian stock market closed in positive territory, driven by gains in IT and oil & gas stocks. The BSE Sensex rose by 123.42 points (0.15%) to finish at 82,515.14, while the NSE Nifty added 37.15 points (0.15%) to settle at 25,141.40. Investor sentiment was supported by positive cues from Asian markets and progress in trade discussions between the U.S. and other major economies.
Key Stocks to Watch:
Several stocks are expected to be in focus, including Cyient Ltd., Nazara Technologies Ltd., Railtel Corp of India, and Zydus Lifesciences Ltd. Additionally, One97 Communications Ltd (Paytm) saw its share price decline sharply.
Expert Recommendations and Key Levels:
Market expert Tejas Shah noted that 25,100 is a crucial level for the Nifty index, with psychological support at 25,000 and stronger support at 24,800. He suggested a mildly positive bias as long as the Nifty holds above these levels. On the upside, resistance is seen at 25,300, and a break above this level could lead to a target of 25,500. Aditya Gaggar, Director at Progressive Shares, identified 25,200 and 25,000 as the key resistance and support levels for the Nifty 50, respectively.
Other Factors Influencing the Market:
Overall Market Outlook:
The Indian stock market is expected to open with a muted to slightly positive bias on June 12, 2025. Investors should closely monitor global cues, key economic data releases, and stock-specific news. A stock-specific approach with prudent trade management is recommended.
