Indian stock markets are expected to open with a flat to positive bias on June 12, 2025, following mixed global cues. The Gift Nifty's mild uptick suggests a subdued opening for Indian markets.
Global Cues and Market Sentiment
European indices showed modest gains in mid-session trading. However, weakness in U.S. futures (Dow, Nasdaq, and S&P 500) might temper overall global sentiment. Investors will be closely watching U.S. inflation data and other global economic signals for further clarity. The market is experiencing consolidation due to volatility and a lack of strong directional momentum. Tentative US-China trade negotiations are also adding to investor caution, as specifics are still being finalized.
Technical Analysis and Key Levels
- Nifty 50:
- The Nifty 50 index ended the previous session up by 0.15% at 25,141.40.
- Immediate support is placed at 24,850. Experts suggest that as long as the index holds above this level, the trend is likely to remain positive, potentially moving towards 25,350 in the short term.
- A decisive move above 25,200 could push the index to 25,350–25,400, while a move below 25,000 may lead to a decline towards 24,850–24,775.
- Nifty faces a hurdle around the 25,200 level.
- Open Interest (OI) data indicates strong resistance at the 25,200 and 25,300 strike prices on the call side. Significant OI build-up is observed at the 25,100 and 25,000 strike prices on the put side, marking these as key support zones.
- Sensex:
- The Sensex closed the previous session 0.15% higher at 82,515.14.
- The index has formed a small Doji candlestick pattern, indicating indecisiveness between bulls and bears.
- As long as the index trades within the 82,000 to 82,700 range, range-bound behavior is likely to continue. A successful breakout above 82,700 could push the Sensex up to 83,000 - 83,300 levels. Selling pressure is likely to accelerate below 82,000, potentially leading to a slip to the 81,700 - 81,500 range.
- Bank Nifty:
- Bank Nifty slipped 0.3% in the previous session, closing at 56,459.75.
- Immediate support is seen at 55,400.
Sectoral Outlook
- IT and Large-Caps: Tech stocks are likely to sustain momentum, especially with BSE's recent $1 trillion market cap surge driven by strength in IT and financials. Focus will remain on heavyweight performances as markets test higher resistance levels.
- FMCG: Fast-moving consumer goods ended lower in the previous session.
- Auto and Pharma: These sectors are among the few that bucked the trend in the previous session and may continue to show strength.
IPO and FII/DII Activity
SEBI's approval for four IPOs, including Kent RO, could keep primary market activity in focus. Sustained Foreign Institutional Investor (FII) inflows and healthy Domestic Institutional Investor (DII) participation provide a strong liquidity backdrop that may cushion downside risks and support dips.
Key Economic Data
Investors will be keeping an eye on the release of India's retail inflation data. The Consumer Price Index (CPI)-based inflation is projected to ease.
Stocks to Watch
Several stocks are expected to remain in focus considering key announcements made by the companies. Some of the stocks to watch include IREDA, Hindustan Zinc, Minda Corp, Jio Financial Services, and Hind Copper.
Overall, the Indian stock market is expected to be influenced by global cues, technical levels, sector-specific developments, and economic data releases on June 12, 2025. A flat-to-positive start is anticipated, with IT and large-cap stocks likely to lead.
