Stock Market Highlights: Sensex, Nifty End Flat, Smallcaps Outperform, Equity MF Inflows Drop Over 22%

Indian equities open on a cautious note with marginal gains. Focus shifts to US-China trade discussions as Nifty trades above 25,100 and Sensex hovers marginally higher.

As many as 2.50 crore shares, equivalent to a 5.54% stake worth ₹2,629 crore change hands at ₹1,052/share in block deal window. Reports suggest that South Asia Growth Fund may be the likely seller in this deal.

Nifty is likely to consolidate in the 24,500-25,500 range in the near-term. There are no short-term triggers to take the Nifty beyond the upper band. Some profit booking pulling the market slightly down is likely. But ample liquidity will ensure that dips will get bought, helping the market to consolidate.

From the global perspective, market participants will be keenly following the progress of trade talks between the US and China. Even though there is optimism regarding a favourable outcome, it is unlikely to happen quickly. 

Since the market has run up in the last two trading days and valuations have got stretched, some profit booking can be considered to hedge against unexpected developments.

Singapore’s sovereign wealth fund GIC has led a fresh funding round in fintech firm CRED, investing ₹354.4 crore, while RTP Capital and Belgium-based Sofina joined in with ₹74.9 crore and ₹25.9 crore, respectively.

The funding, however, comes with a major shift as CRED has accepted a steep haircut in valuation, now pegged at $3.5 billion, nearly 45% lower than its previous $6.4 billion mark in 2022.

Shares of ITD Cementation India surged over 9% to hit a fresh 52-week high of ₹830.65 on the BSE on June 10, after the company clinched a significant contract worth ₹893 crore. The order involves building berths and breakwaters as part of the development of Greenfield captive jetties in Odisha.

Jindal Saw announced a $105 million investment to set up a seamless pipe plant in Abu Dhabi, with a planned annual capacity of 3 lakh tonnes and a rollout timeline of 12 to 36 months. The company is also expanding its Middle East footprint through two joint ventures in Saudi Arabia.

Coforge shares jumped up to 6% on June 10 after JPMorgan initiated coverage with an ‘overweight’ rating, naming it the top pick in the IT sector. The brokerage set a price target of ₹2,080, indicating a 16% upside from current levels.

L&T Finance shares surged up to 1.9% to its Intraday High of Rs 196.60. The stock price increased after the NBFC has successfully acquired the gold loan portfolio of Paul Merchants Finance (PMFL), the lending arm of Paul Merchants.

Greaves Cotton's e-mobility division Greaves Electric Mobility has appointed Vikas Singh as its new managing director, effective June 2.

The stock surged 1.8% to its intraday high of ₹216.60 a piece on the National Stock Exchange.

Shares of HDFC Bank slipped 0.7% amid controversy surrounding an FIR against its CEO, keeping the stock in the red.

Countering the bank’s claim that the allegations were frivolous, Lilavati Medical Trust asserted that the FIR was filed based on order from a judicial authority.

Hindustan Zinc shares soared as much as 4% as market participants look forward to the upcoming board meeting on June 11, in which the company is expected to approve the first interim dividend for FY26.

The stock has surged for the fourth consecutive session today, rising nearly 17% over these days.

Net inflow in equity oriented mutual funds was ₹18,994.56 crore in May, compared to ₹24,253.66 crore in April, according to data released by te AMFI. Total assets under management was over ₹72 lakh crore as of May 31, compared to ₹70 lakh crore at the end of April.

Flexi Cap and Small Cap funds saw highest inflows in the month.

NBCC (India) has bagged ₹50.54-crore order from the Ministry of Tourism for the development of Maa Chintpurni Temple in Himachal Pradesh under Prashad Scheme.

All constituents of the Nifty PSU Bank index are trading in red. Union Bank, Bank of India and Indian Bank were among the worst performers and were down over 1% to nearly 2%.

The index was down 0.7% from its previous close, at 7,154.80 points.

Tata Motors witnessed a rise in share price levels after the auto-maker announced that its overall investment in the PV business (including EVs) is expected to reach anywhere around ₹33,000 crore to ₹35,000 crore in the next 5 years.

Coforge shares surged over 6% on Tuesday after global brokerage firm JPMorgan chose the stock as its top pick in the IT sector. The brokerage firm has assigned the stock an ‘overweight’ rating.

Nifty IT roared on D-street as the sectoral index rose by nearly 2% during Monday's market trading session. Tech Mahindra, HCL Tech, Infosys and Tata Consultancy Services (TCS) were among the top gainers from the Sensex30 pack.

"Equity Net Sales has seen a sharp downtick of 22% largely on account of higher redemptions by 5kcr in May’25 (viz April’25). This was probably due to the war-like situation in the beginning of the month leading to sentiment being cautious. SIP numbers over 26,000 crore is very encouraging, which implies that the fresh investment preferred route has been SIP than lumpsum," said Akhil Chaturvedi, executive director and chief business officer, Motilal Oswal AMC

Adani Power was trading at ₹600.20, up 6.59% at 02:02 pm IST on the NSE. Despite today’s gains, the stock is down 20.96% over the past year, underperforming both the Nifty, which fell 8.04%, and the Nifty Energy index, which declined 10.05% during the same period. Adani Power is up for a fifth straight session in a row.

Shares of Avenue Supermarts, which operates the DMart retail chain, slumped nearly 6% on Tuesday, hitting an intraday low of ₹3,928.90 on the NSE. The sharp decline came amid reports of a large block deal in the stock.

According to CNBC-TV18, around 16 lakh shares changed hands in multiple transactions at an average price of ₹4,000, translating to a total deal value of approximately ₹634 crore.

Shares of real estate companies fell on June 10 as investors continued to book profits at elevated valuations. The correction dragged the Nifty Realty index down nearly 1%, marking its second straight session in the red.

The pullback follows a sharp rally last week, driven by the Reserve Bank of India’s surprise jumbo rate cut—larger than market expectations—which had sparked optimism in interest rate-sensitive sectors like real estate.

At 3 PM, the Sensex was trading at 82,407.10, down 38.11 points (0.05%), while the Nifty stood at 25,103.55, up 0.35 points. Of the stocks traded, about 1,946 advanced, 1,603 declined, and 113 remained unchanged.

ITI Asset Management has announced the launch of Diviniti SIF, a new platform dedicated to the Specialized Investment Fund (SIF) business. Diviniti SIF will provide innovative investment solutions across equity, hybrid, and fixed income categories, designed to meet the evolving preferences of investors.

RattanIndia Power shares jumped 18% to hit ₹14.04 on the NSE amid unusually heavy trading volumes of 19.47 crore shares. The BSE has asked the company for clarification on the sudden spike, as no clear trigger has emerged.

Over the past four sessions, the stock has gained 26% despite the company reporting a 99% year-on-year drop in Q4 net profit to ₹126 crore. While the share now trades above its 50-day and 200-day moving averages, it remains down roughly 20% year-on-year.

In a volatile session, Indian equity indices ended on a flat note, with the Nifty closing at 25,100 and the Sensex remaining largely unchanged.

Top Nifty gainers included Grasim Industries, Dr Reddy’s Laboratories, Tech Mahindra, Tata Motors, and Infosys, while notable decliners were Trent, Asian Paints, Bajaj Finance, Tata Steel, and Bajaj Finserv.

On the sectoral front, the realty index fell by 1%, whereas the IT index rose by 1.7%. The media index added 1%, and the power index gained nearly 1%. The BSE midcap index closed flat, while the BSE smallcap index outperformed with a 0.3% rise.

India would strike deep into Pakistan if provoked by terrorist attacks, External Affairs Minister S Jaishankar has warned.

Jaishankar, who is travelling to Europe a month after India launched Operation Sindoor in response to the Pahalgam terror attack, asserted that there will be retribution against the terrorist outfits and their leaders in case of barbaric acts like the Pahalgam attack, reported PTI.

Congress leader Shashi Tharoor reflected on the diplomatic tour, calling it a success, after returning to India from the all-party delegation's visit to various countries as part of the Operation Sindoor global outreach, reported PTI.

"I think it was a very good visit. We were all very pleased with the way all the five countries, we went to, received us. We thought we had good results everywhere. We had very high quality meeting. At the same time, there was complete understanding and support for our position for why whole thing has been triggered post Pahalgam and our reaction had to be. In fact, many of the people we spoke to specifically showed respect for the restraint we have shown in our reaction. I think, we have come out of this very well," said Tharoor.

European Commission President Ursula von der Leyen met External Affairs Minister S Jaishankar in Belgium on June 10 and shared that “strategic partnership” between India and EU is “getting stronger”.

She emphasised that India and EU are working on Strategic Agenda based on growth, with an ambitious Free Trade Agreement (FTA), tech, innovation, security and defence. She further shared that she intends to adopt it with Prime Minister Narendra Modi at the next summit, reported ANI.

Union Minister Piyush Goyal co-chaired a Business Roundtable on the Machinery, Electrical & Metal (MEM) Industry with Swiss Federal Councillor Guy Parmelin in Bern, Switzerland on June 10.

"We had a good discussion with the business community of Switzerland today. Many prominent business leaders of this country appreciate India's development and progress. They also discussed how they see significant opportunities in India. After the Free Trade Agreement with Switzerland and EFTA countries, to further enhance relations with Switzerland, we are working to have a Mutual Recognition Agreement to help boost trade between our two countries," said Union Minister Piyush Goyal.