On June 10, 2025, the Indian stock market is expected to open on a positive note, mirroring gains in global markets. Gift Nifty trends indicate a positive start for the Indian benchmark indices, trading around the 25,248 level, a premium of approximately 66 points from the Nifty futures' previous close.

Yesterday, June 9, the domestic equity market extended its winning streak to the fourth consecutive session, with the Nifty 50 closing above the 25,100 level. The Sensex gained 256.22 points, or 0.31%, to close at 82,445.21, while the Nifty 50 settled 100.15 points, or 0.40%, higher at 25,103.20. Small and midcap indices significantly outperformed the benchmark indices, posting gains of over 1%. The Nifty Smallcap 100 index rose 1.36% to 18,835.45, marking its sixth consecutive day of gains, while the Nifty Midcap 100 index advanced nearly 1%, extending gains for the fourth session in a row.

Several factors are contributing to the positive sentiment. The Reserve Bank of India's (RBI) recent surprise 50 basis point repo rate cut and CRR reduction have boosted investor confidence and are expected to enhance liquidity, especially in midcaps. Encouraging global cues, including positive U.S. jobs data and renewed optimism about U.S.-China trade talks, are also supporting the market. Financial stocks have been leading the rally, with banking stocks surging to record levels.

Technical analysis suggests that the Nifty 50 index formed a small bearish belt hold candlestick on the daily chart, indicating mild profit booking or hesitation. Immediate support is placed at 24,900 levels. A decisive close above 25,160 could push the index towards the 25,260 – 25,320 zone. On the downside, immediate support lies at 24,880, followed by the 50-day simple moving average (SMA) at 24,806, which may act as a broader cushion. For Bank Nifty, holding above the 56,100–56,200 breakout zone remains critical, though a sustained move beyond 57,120 could open the path toward 57,700-57,900.

Market experts recommend maintaining a stock-specific approach and focusing on fundamentally strong companies. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive as the Nifty 50 index sustains above 25,000. He suggests that once the Nifty 50 index decisively breaks above 25,150, the benchmark index could touch 25,600 and 26,000.

However, investors should also be aware of potential risks. Despite a breakout from consolidation, weak momentum hints at a possible reversal. Resistance for Nifty is at 25,000–25,200, with support at 24,800–24,600. Geopolitical tensions and global economic uncertainties could also impact market performance.

Overall, the Indian stock market is expected to maintain its positive momentum on June 10, 2025, driven by supportive domestic and global factors. However, investors should remain cautious and closely monitor market trends, technical levels, and global cues to make informed investment decisions.