Stock Market Today: Sensex Surges Over 250 Points, Nifty Ends Above 25,100
Stock Market Today: Indian equity markets extended their winning streak to a fourth consecutive session on Monday, June 9, as both Sensex and Nifty closed higher, buoyed by RBI’s aggressive monetary policy, strong U.S. jobs data, and renewed optimism in global trade talks. The Nifty 50 closed at 25,103, up 0.40%, while the Sensex climbed 256 points or 0.3% to settle at 82,445.
Key Market Drivers
RBI’s Bold Policy Push
The RBI’s 50 basis point cut in the repo rate and a CRR adjustment lifted market sentiment significantly. Analysts believe these moves are likely to enhance liquidity and boost consumer demand, especially in segments like entry-level automobiles and housing.
Global Sentiment Boosted
Better-than-expected U.S. non-farm payroll data and progress in U.S.-India trade negotiations triggered optimism across sectors. Additionally, easing tensions in U.S.-China trade talks bolstered metal stocks.
Sectoral Highlights
Of the 13 major Nifty sectoral indices, 12 closed in the green, showcasing broad-based buying.
| Sector | Performance |
|---|---|
| PSU Bank | +1.52% |
| Oil & Gas | +0.88% |
| IT | +0.74% |
| Metal | +0.68% |
| Auto | +0.56% |
| Realty | -0.14% (only loser) |
- Banking stocks surged on expectations of improved liquidity.
- Auto stocks rallied due to hopes of revived sales in entry-level vehicles.
- IT counters gained from stronger U.S. economic data.
- Metal stocks were supported by easing trade concerns.
- Real estate stocks saw profit booking after a strong previous run.
Midcap and Smallcap Outperform
The broader market outshone front-line indices, with:
- Nifty Midcap 100 up 1.10%
- Nifty Smallcap 100 up 1.60%
This suggests renewed investor interest in mid and small-cap segments, likely fueled by FII inflows and improved liquidity prospects.
According to experts financial stocks extended their rally driven by the RBI’s supportive policy stance. This move is expected to unlock liquidity, especially for midcap companies. Meanwhile, global cues remain positive with upbeat U.S. jobs data and renewed optimism in U.S.-China trade relations.
With the Nifty breaking out of its recent consolidation phase, analysts now see the index targeting 25,700 in the near term, backed by strong institutional inflows, policy tailwinds, and improving global sentiment.
Disclaimer:
The information provided in this blog is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages arising from the use of this information.
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