Why Did the Indian Stock Market End Flat Today?
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Synopsis
The Indian stock market witnessed a flat closing on June 10, with the Sensex slightly down while the Nifty saw a minor uptick. Analysts suggest a continuation of the uptrend as buying in IT stocks boosts market sentiment amid consolidation.
Key Takeaways
- The Indian stock market ended flat on June 10.
- Sensex dipped slightly while Nifty saw a minor increase.
- Strong performance in IT stocks boosted market sentiment.
- Analysts predict a continuation of the uptrend if key support levels hold.
- Market awaits US CPI data and trade talk updates.
Mumbai, June 10 (NationPress) The Indian stock market closed on a neutral note on Tuesday, with the Sensex dipping slightly by 53.49 points to 82,391.72, while the Nifty managed a marginal increase of one point, finishing at 25,104.25.
There was noticeable buying activity in IT stocks during the trading session, as the Nifty IT index rose by 1.67 percent. Indices in sectors such as Pharma, FMCG, metals, media, energy, and commodities ended positively, while Auto, PSU banks, financial services, real estate, and infrastructure indices closed lower.
Among the top gainers in the Sensex were Tech Mahindra, Tata Motors, Infosys, HCL Tech, UltraTech Cement, TCS, ITC, Axis Bank, Nestle, and Adani Ports. Conversely, Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, and Reliance Industries were among the top losers.
Analysts believe that the Nifty has maintained its position above the prior consolidation zone, indicating a potential continuation of the uptrend.
“This optimistic sentiment is expected to endure, supporting long trades as long as the index stays above the critical support level of 24,850. In the short term, it could move towards 25,350, with possibilities for a more substantial rally if it decisively breaks above that level,” stated Rupak De from LKP Securities.
While the current market atmosphere is characterized by consolidation, enhanced liquidity, robust earnings, and foreign portfolio investment interest keep bulls optimistic, added Vikram Kasat, Head of Advisory at PL Capital.
The rupee traded flat to positive around 85.67 following last week’s 0.50 percent rate cut by the RBI, with a total of 100 basis points adding liquidity despite pressure from rising crude oil prices.
This week’s US CPI data will be a crucial factor influencing the dollar index, with experts predicting the rupee to stay within a range of 85.25 and 86.00.
Meanwhile, gold prices remained stable, hovering around $3,315-$3,320 and Rs 97,000 as the market awaits updates on US-China trade discussions.
A favorable tariff agreement could drive gold prices lower towards Rs 95,000, whereas any negative remarks could push prices higher towards Rs 98,500 and approximately $3,360. The upcoming US CPI figures will also be closely monitored, according to Jateen Trivedi from LKP Securities.
Point of View
It is crucial to present a balanced view of the stock market's performance. The recent flat closing reflects ongoing consolidation, yet underlying factors such as liquidity and earnings resilience provide a foundation for potential growth. Staying informed is key for investors navigating this landscape.
NationPress
11/06/2025
Frequently Asked Questions
What caused the Indian stock market to end flat?
The Indian stock market closed flat due to marginal declines in the Sensex and slight gains in Nifty, driven by mixed sector performances and ongoing consolidation.
Which sectors performed well during this session?
The IT sector saw significant buying, with the Nifty IT index increasing by 1.67%. Other sectors like Pharma, FMCG, and commodities also closed positively.
What are analysts predicting for the Nifty?
Analysts suggest that as long as the Nifty remains above the key support level of 24,850, it could continue its uptrend, potentially reaching 25,350 in the short term.
