Sensex, Nifty Signal Muted Start on June 11; GIFT Nifty Shows Muted Cues

Dalal Street is expected to open on a flat note today, June 11, as benchmark indices take a breather following a volatile session on Tuesday. The pause comes after a strong four-day rally, with both the Sensex and Nifty showing signs of investor caution.

GIFT Nifty Indicates Flat Opening

The GIFT Nifty was trading near 25,181 in early signals, reflecting a marginal 0.1% uptick and suggesting a subdued start for Indian equities. Both the Sensex and Nifty have posted gains of 5.7% and 5%, respectively, so far this year.

June 10 Session Ends Flat

On June 10, the Nifty 50 encountered strong resistance around the 25,100 mark, while the Sensex dipped slightly. Broader indices also lacked momentum. Nifty Midcap 100 ended marginally lower, and the Smallcap 100 eked out modest gains. The session marked a shift to cautious sentiment after a robust upward streak.

FIIs Still Net Sellers in 2025

Foreign Institutional Investors (FIIs) bought shares worth ₹16,548.24 crore and sold ₹14,246.37 crore, resulting in modest net inflows on the day. However, FIIs remain net sellers for 2025 with cumulative outflows exceeding ₹1.22 lakh crore. On the other hand, Domestic Institutional Investors (DIIs) have supported the market with net purchases of around ₹3.04 lakh crore so far this year.

Key Technical Levels to Watch Today

• Nifty: A move above 25,150 may trigger further upside toward the 25,300 zone. Any significant weakness is expected only below 24,800, which is seen as a strong support level.
• Bank Nifty: A breakout above 57,100 can push the index higher to 57,500–57,700. Weakness may emerge if it dips below 56,400, although 56,000 is expected to attract fresh buying interest.

Volatility and Market Sentiment Indicators

The India VIX fell 4.61% to 14.01, dropping below the 15-mark signalling reducing fear among market participants and growing investor confidence. The Nifty Put-Call Ratio (PCR) also fell to 0.97 from 1.01 earlier, indicating a marginal decrease in the bullish sentiment but it was well within the safe zone.

Outlook

With momentum indicators such as the Relative Strength Index (RSI) holding firm above key thresholds, technical sentiment continues to favor the bulls. However, traders may remain cautious amid limited cues and profit-taking after the recent rally. The day’s movement is likely to hinge on activity around the key support and resistance levels identified.

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