Indian equity markets took a breather on Tuesday, June 10, 2025, as benchmark indices ended a volatile session on a flat note, pausing after a four-day rally. The Sensex slipped 53 points to close at 82,391.72, while the Nifty 50 managed to hold steady, finishing at 25,104.25, up just 1.05 points. Despite the muted headline performance, sectoral and broader market action offered several highlights.
Volatility and Sectoral Performance
The trading day was marked by profit booking, particularly in banking, auto, and realty stocks, which weighed on the indices. Nifty Realty was the worst-performing sector, declining over 1% as stocks like Prestige, Macrotech Developers, Anant Raj, DLF, and Brigade Enterprises saw selling pressure. Nifty Auto, Bank, Financial Services, and Oil & Gas sectors also closed in the red.
On the positive side, IT stocks emerged as the clear leaders, with the Nifty IT index extending its winning streak for a fifth consecutive session. Major IT names such as Tech Mahindra, Infosys, HCL Tech, and TCS posted solid gains, supported by continued buying interest from investors. The sector’s resilience was attributed to robust global demand and optimism around digital transformation deals.
Broader Markets Outperform
While the large-cap indices remained subdued, the broader markets outperformed. The Nifty Midcap 100 index closed flat with a slight positive bias, and the Nifty Smallcap 100 index rose by 0.14%. The Nifty Midcap 150 and Smallcap 250 indices also ended in the green, with the smallcap segment notching its thirteenth consecutive session of gains. Stocks like Tata Investment, Oracle Financial Services, RattanIndia Enterprises, and Alok Industries were among the notable movers in the mid and smallcap space.
Key Gainers and Losers
Among Nifty 50 constituents, Grasim Industries led the gainers with a 3.66% rise, followed by Tech Mahindra, Dr. Reddy’s Laboratories, Tata Motors, and Adani Enterprises. On the other hand, Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, ICICI Bank, Bajaj Finserv, and Reliance Industries were among the top laggards.
Adani Group stocks saw renewed buying interest, with Adani Power surging over 8% on heavy volumes. The entire Adani pack advanced, contributing positively to market sentiment.
Market Sentiment and Global Cues
The session’s tone was influenced by ongoing global developments, including US-China trade negotiations and mixed cues from Asian and US markets. Investors remained cautious ahead of key macroeconomic data releases and central bank meetings expected later in the week.
The India VIX, a measure of market volatility, dropped by 4.6% to settle at 14.01, indicating a reduction in near-term uncertainty.
Currency and Other Highlights
The rupee closed flat against the US dollar at 85.62, reflecting the cautious mood in financial markets. In corporate news, United Spirits clarified that reports of a stake sale in Royal Challengers Bangalore were speculative, and Power Grid announced a ₹132 crore investment in a national network management system.
Outlook
After a strong run, the market’s pause on June 10 suggests investors are consolidating positions and awaiting further cues. While IT and select midcap and smallcap stocks continue to attract buying, profit booking in financials and realty may keep headline indices range-bound in the near term.
