Nifty, Sensex Aim for Fifth Consecutive Gain on June 10; GIFT Nifty at 25,243

Tuesday, June 10th: Indian benchmark indices, the Nifty 50 and Sensex, are expected to open on a positive note today. If that happens, they will continue their four-day winning streak. The expected positive performance today is indicated by gains in the GIFT Nifty, which reflects early sentiment in the domestic equity markets.

GIFT Nifty Signals Firm Start

As of 8:16 AM, the GIFT Nifty was trading at 25,243, up 10 points or 0.04%. The index opened at 25,244 and remained within a narrow range, fluctuating between 25,228 and 25,250 during early trade. The previous close was 25,233, suggesting a modestly stronger bias at the start of the session.

Strong Institutional Inflows Support Market Sentiment

On June 9, foreign institutional investors (FIIs) net bought Indian equities worth ₹1,992 crore, while domestic institutional investors (DIIs) became net buyers for the fifteenth session, adding ₹3,503 crore in equities. These inflows continue to lend support to the ongoing rally.

Nifty Hits Eight-Month High, Sensex Up 250 Points

In the previous session, the Nifty 50 touched an eight-month intraday high of 25,160 and closed above the key 25,100 level. The Sensex also ended 250 points higher, with broad-based gains across most sectors except real estate.

Key Levels to Watch Today

For Nifty 50:

• Resistance: 25,200–25,300, with a potential upward extension toward 25,500
• Support: 25,000, followed by 24,900

For Bank Nifty:

• Resistance near 58,000, as long as support at 56,000 holds

The Nifty 50 has managed to stay above the 25,100 mark on both spot and futures segments, indicating ongoing bullish momentum. The index remains within the 25,000–25,200 range, which may act as a key zone for near-term consolidation or breakout.

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