The Indian stock market witnessed a positive trend today, June 10, 2025, with both the Sensex and Nifty indices showing gains. The Sensex, the benchmark index of the Bombay Stock Exchange (BSE), rose by 198 points. Meanwhile, the Nifty 50, the flagship index of the National Stock Exchange (NSE), was nearing the 25,200 mark.
The market's upward movement was supported by positive global cues and strong performance in the mid-cap and small-cap segments. The Nifty Midcap 100 and Nifty Smallcap 100 indices were up by 0.18% and 0.35%, respectively, indicating broader market participation in the rally.
On Monday, June 9, 2025, the domestic equity market had already extended its gains 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.
European markets displayed caution, with indices like the DAX and STOXX 50 trading lower. U.S. futures also pointed to a flat opening, suggesting limited directional bias in global markets.
Several factors contributed to the market's performance. Positive sentiment in Asia-Pacific markets and strength in US futures provided a supportive backdrop. Furthermore, a slight decline in crude oil prices eased inflationary concerns, which was viewed favorably by market participants.
The Nifty Bank index, however, was down by 0.23%. The Nifty Media index rallied 2%, followed by gains in the Nifty IT index (1.3%).
Technically, the Nifty 50 is expected to find immediate support between 25,030 and 24,980, while facing resistance near 25,230 and 25,320 in today's intraday move. The MACD (Moving Average Convergence Divergence) indicator has triggered a fresh bullish crossover above the zero line, often preceding sustained directional movements.
In terms of specific stocks, MCX Ltd saw its shares climb over 7% following SEBI's approval to introduce electricity derivatives contracts. This move is expected to enhance efficiency in power trading and add value to the commodity market.
Overall, the Indian stock market exhibited a positive trend, driven by a combination of global cues, strong performance in SMIDs, and sector-specific developments. While caution is warranted due to mixed signals from European and U.S. markets, the underlying momentum suggests potential for further gains.
