Nifty ends 37 points higher, while the Sensex was up by 123 points
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, June 11, 2025: Today, the benchmark indices witnessed a volatile trading session. After a roller-coaster activity, the Nifty ends 37 points higher, while the Sensex was up by 123 points. Among sectors, the Oil & Gas and IT indices gained over 1 percent, whereas the Defense and Capital Market indices shed over 2 percent.
Technically, after an intraday up move, the market experienced selling pressure near the 25,200/82700 levels. On daily charts, it has formed a small Doji candlestick pattern, indicating indecisiveness between the bulls and bears. We believe that as long as the market trades within the 25,000/82000 to 25,200/ 82700 range, this range-bound behavior is likely to continue. A successful breakout above 25,200/82700 could push the market up to the 25,350–25,400/83000-83300 levels. On the other hand, below 25,000/82000, selling pressure is likely to accelerate. If the market falls below this level, it could slip to the 24,850–24,775/81700-81500 range.
Satish Chandra Aluri, Lemonn Markets Desk, adds: "Benchmarks ended with marginal gains on Wednesday extending their consolidation phase. Broader Mid and Small caps saw profit booking after recent gains and closed lower.
Markets opened in the positive and extended gains in the first half to breach the key resistance around 25200. However, profit booking soon led to the markets giving up morning gains to close eventually with marginal gains. Positive developments in US-China trade talks and a steady global equity environment helped buoy sentiment, though gains were tempered by profit booking in certain sectors. The session was choppy, with indices struggling to sustain early gains but ultimately holding above key psychological levels. IT, Auto, Oil & Gas, and Pharma were the top gainers, with IT stocks leading the rally on robust global tech sentiment and positive earnings outlook.
Technically, Nifty managed to again hold the 25100 level. The US CPI report due later today will be closely watched for its impact on global risk appetite and central bank expectations. Domestic inflation data will also provide further cues for the RBI’s policy going forward and market direction. Immediate support for Nifty is seen at 25,100 with further strong support zone at key 25000 level. On the upside, resistance levels are at 25,200 and 25,350 with the overall outlook remaining constructive."
