The Indian stock market is set for a positive opening on Tuesday, June 10, buoyed by strong global cues, encouraging domestic sentiment, and continued institutional buying. The Gift Nifty trading at 25,247 (as of 7:59 am) signals that the Nifty 50 may open above its previous close of 25,103.20, suggesting a firm start to the session.
Key Highlights:
🔼 Market Outlook for June 10
-
Nifty Support Zones:
-
Primary support: 25,030 – 24,980
-
Wider support: 24,600 – 24,800
-
-
Resistance Levels:
-
25,230 and 25,320, as per analyst VLA Ambala
-
With Nifty closing at a new 2025 high on Monday and gaining 2.3% over four sessions, market momentum remains strong.
🌏 Positive Global Cues Driving Sentiment
-
MSCI Asia ex-Japan Index rose 0.5%, reflecting regional strength.
-
Wall Street closed mostly higher, boosted by renewed US-China trade talks in London.
-
President Trump’s comments on receiving “good reports” from the talks further lifted investor optimism.
🇮🇳 Strong Domestic Factors
-
RBI policy support continues to provide confidence.
-
Foreign Portfolio Investors (FPIs) net bought ₹1,993 crore worth of equities on Monday.
-
Domestic Institutional Investors (DIIs) purchased ₹3,504 crore, adding further strength to market breadth.
📈 Sectoral Trends & Strategy
-
Analysts are overweight on:
-
Consumption
-
IT
-
Pharma
-
Energy
-
Banking and Financial Services
-
-
Small-caps may outperform the broader Nifty in June, offering short- to mid-term trading opportunities.
Summary:
With a combination of technical strength, foreign/domestic investor participation, and stabilizing global trade signals, the Sensex and Nifty are well-positioned to extend their rally. Watch for resistance near 25,320 on the Nifty, while buying interest in small-caps and sectoral plays could shape intraday opportunities.
