Dalal Street opened in positive territory today as optimism around U.S.–China trade talks and RBI’s liquidity management updates supported broad gains. The Nifty50 hovered near 25,126, while Sensex touched 82,494, defying slight financial weakness
Morning Market Snapshot
Nifty50: ~25,126 (+0.09%)
Sensex: ~82,494 (+0.06%)
Financials: HDFC Bank down ~0.5%, ICICI down ~1.2% as profit‑booking begins
IT Sector: +1.3%, leading the rally on improved sentiment
Key Drivers Behind Today’s Move
1. U.S.–China Trade Optimism
Global sentiment perked up following encouraging discussions in London, boosting Asian stocks and Indian tech shares
2. RBI Withdraws Daily VRR Auctions
Starting June 11, RBI will stop daily variable-rate repo auctions, signaling ample liquidity—supported by consistent surplus
3. Profit Booking in Banks
Financials, especially private lenders, saw early gains sprint but cooled off due to profit‑bookings following recent strong rally
Sector Highlights
IT: Strong +1.3%, leading recovery.
Banks: Mixed—profit‑bookings pinch lenders.
Mid‑ & Small‑caps: Broadly steady with modest gains
Expert Insights
Analysts suggest the 25,000 level remains key support. With policy and trade tailwinds intact, the uptrend towards 25,350–25,400 likely continues unless global cues shift
Today’s Current Affairs Summary
U.S.–China Trade Talks: Positive signals from London boost global risk appetite.
RBI Liquidity Shift: VRR auction shutdown reflects stable surplus conditions.
Rupee Watch: Dollar strength may mildly pressure rupee, but flows expected to offse
What Investors Should Watch Now
Support Zone: 25,000 on Nifty — as long as that holds, the rally can breathe.
Resistance to Monitor: 25,350–25,400 — breach could trigger fresh leg up.
Global Triggers: Any sudden U.S.–China friction may test Financials and Financial Sentiment.
✅ Final Takeaway
June 10 is shaping up as a steady consolidation day. With tech leading and liquidity backdrop improving, the index is holding firm above key levels. Watch the 25,000–25,400 range, track RBI liquidity developments, and follow global trade headlines for the next breakout cues.
