Indian Stock Market Today: Sensex Rises 379 Points, Nifty Up 116 Points in Early Trade, IT and PSU Banks Lead
The Indian benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU banks and auto sectors in the early trade. At around 9.26 am, Sensex was trading 379.01 points or 0.46 per cent up at 82,568 while the Nifty added 116.15 point or 0.46 per cent at 25,119.20.
Mumbai, June 9: The Indian benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU banks and auto sectors in the early trade. At around 9.26 am, Sensex was trading 379.01 points or 0.46 per cent up at 82,568 while the Nifty added 116.15 point or 0.46 per cent at 25,119.20.
Nifty Bank was up 273.35 points or 0.48 per cent at 56,851.75. The Nifty Midcap 100 index was trading at 59,405.95 after rising 395.65 points or 0.67 per cent. Nifty Smallcap 100 index was at 18,711.90 after climbing 129.45 points or 0.70 per cent. According to analysts, the monetary bazooka fired by the RBI last week will keep the market spirits alive in the near-term. But this may not be sufficient to sustain the rally, and more important is the trend in earnings growth, they added. Stocks To Buy or Sell Today, June 09, 2025: Bharat Electronics, Asian Paints, Larsen & Toubro Among Shares That May Remain in Focus on Monday.
"Q4 results indicate better earnings growth for midcaps. FY26 earnings are unlikely to reach mid teens, which is necessary for the market to remain resilient and move up," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. Meanwhile, in the Sensex pack, Bajaj Finance, Axis Bank, IndusInd Bank, Kotak Mahindra Bank and Infosys were the top gainers. Whereas, Titan, Tata Steel and Eternal were the top losers.
After a positive opening, Nifty can find support at 25,000, followed by 24,900 and 24,800. On the higher side, 25,100 can be an immediate resistance, followed by 25,200 and 25,300, said experts. Given the current market dynamics and lingering global uncertainties, traders are advised to maintain a disciplined approach. It is prudent to avoid taking large overnight positions and instead focus on short-term trading opportunities, backed by strict stop-losses and robust risk management, said Hardik Matalia from Choice Broking. HDFC Bank Share Price Today, June 9: Stocks of HDFC Bank Limited Rise by 0.26% in Early Trade, Check Latest Price on NSE.
The foreign institutional investors (FIIs) purchased equities worth Rs 1,009.71 crore on June 6, while domestic institutional investors (DIIs) extended their buying on the 14th day, as they bought equities of Rs 9,342.48 crore on the same day. In the Asian markets, Hong Kong, Bangkok, China, Seoul and Japan were trading in green. In the last trading session, Dow Jones in the US closed at 42,762.87, up 443.13 points, or 1.05 per cent. The S&P 500 ended with a gain of 61.06 points, or 1.03 per cent, at 6,000.36 and the Nasdaq closed at 19,529.95, up 231.51 points, or 1.20 per cent.
(The above story first appeared on LatestLY on Jun 09, 2025 10:10 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).