The Indian stock markets are trading in a narrow range on Tuesday, June 10, 2025, as investors weigh sector-specific developments. The BSE Sensex is up 67 points (0.08%) at 82,512, while the Nifty50 index is trading at 25,141, a gain of 37 points (0.15%).
“The market is seeing a sector rotation, with IT stocks leading the gains while banks and real estate lag,” said an analyst at Kotak Securities. “Investors are closely monitoring global cues and domestic economic indicators.”
IT Sector Shines, Banks and Realty Underperform
The Nifty IT index is the top performer, surging 2.32% to extend its winning streak to five sessions. Tech Mahindra and Infosys are among the key gainers in the sector. Meanwhile, the Nifty Metal index is up 0.58%, reflecting improved risk appetite.
By contrast, the Nifty PSU Bank index is down 0.53%, and the Private Bank index has slipped 0.17%. The Nifty Realty index has also declined by 0.64%, indicating a shift in investor preferences.
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Jio Financial in Focus, Avenue Supermart Declines
Jio Financial Services is in the spotlight, hovering above Rs 300 per share following leadership appointments at its asset management joint venture with BlackRock. The move is seen as a step towards strengthening Jio’s financial services ecosystem.
However, shares of Avenue Supermart, the operator of DMart retail chain, are trading lower amid profit-taking after a recent rally. Analysts suggest that the stock may face resistance at higher levels.
Broader Markets Outperform, Midcaps Gain
The broader market indices are outperforming the benchmarks, with the Nifty Midcap100 index trading higher by 0.6%. Smallcap stocks are also witnessing buying interest, suggesting improved risk appetite among investors.
“The outperformance of midcaps and smallcaps indicates that investors are looking beyond the large-cap names for potential growth opportunities,” noted a market strategist at HDFC Securities.
Outlook: Markets to Remain Range-Bound
Analysts expect the Indian stock markets to remain range-bound in the near term, with a focus on sector-specific trends and global market developments. Investors will closely watch the upcoming macroeconomic data and corporate earnings season for further cues.
“While the overall market sentiment remains cautious, selective buying opportunities may emerge in sectors with strong growth prospects,” said a senior analyst at Motilal Oswal Financial Services. “Investors should maintain a balanced portfolio and avoid aggressive bets in the current market scenario.”
