Stock Market Highlights: Nifty Ends Near 25,150; Sensex Gains 100 Points

Domestic benchmark indices opened on a steady note with marginal gains on June 11. The Sensex rose by 81.3 points, or 0.09%, to start the session at 82,473.02, while the Nifty 50 opened 29.9 points, or 0.11%, higher at 25,134.15. Broader markets also edged up in early trade, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining up to 0.3%. Among sectoral indices, all major segments opened in the green, with Nifty Oil & Gas leading the pack, rising 1.26% in the initial minutes of trade.

Shares of Tata Communications fell 1% on June 11 after the company deferred the revenue growth, margin leverage and return on capital employed (RoCE) guidance by a year at its investor day on June 10. The communications services provider said that the earlier revenue guidance of ₹280bn for FY27 is now likely to be delayed by a few quarters and the 23-25% EBITDA margin guidance along with a 25% RoCE guidance will now be achieved in FY28.

Shares of United Spirits and Radico Khaitan slipped by as much as 5% on Wednesday, 11 June, after the Maharashtra government announced a sharp hike in duties on Indian Made Foreign Liquor (IMFL) the day before, raising them by 50% to 60%. The move has rattled investors, raising concerns over potential dips in demand and profitability in one of the country’s key markets.

A large trade was executed in Aditya Birla Capital on June 11, with 2.34 crore shares equivalent to 0.91% of the company’s equity changing hands via the block deal window. The transaction, valued at ₹568 crore, was carried out at a price of ₹242.65 per share. Buyers and sellers involved in the transaction could not be immediately ascertained. However, CNBC-TV18 did report that Jomei Investments (Advent International) was looking to offload a 1.4% stake in the company.

For silver, it's clearly a Ka-Ching moment. The white metal's price level surpassed a 13-year high mark on Comex. At home, Silver futures climbed to a record high of ₹1,07,073 per kilogram, according to MCX data. With geopolitical turbulence still at play coupled with industrial demand gaining momentum, commodity market players believe that silver might shine brighter than gold this year.

While the yellow metal continues to witness range-bound momentum, there has, quite evidently, been a pause on the gold rally witnessed earlier this year. However, silver prices are now playing on-board a catch-up rally. Read More

A large trade was executed in Eternal on June 11 through the block deal window, where 60.93 lakh shares, representing 0.06% of the company’s equity changed hands. The shares were traded at ₹256 apiece, taking the total deal value to ₹156 crore. Parties involved in the transaction could not be immediately.

The Indian Renewable Energy Development Agency (IREDA) announced the successful completion of its Qualified Institutional Placement (QIP) earlier today, through which it raised ₹2,000 crore by issuing equity shares to eligible institutional investors. The board approved the allotment of 12.14 crore equity shares at an issue price of ₹155.14 per share, a 5% discount to the floor price.

Life Insurance Corporation of India (LIC), the country’s largest insurer, was allotted half of the total shares offered. Other prominent participants in the QIP include Societe Generale, Morgan Stanley, and Vikasa India EIF I Fund, each receiving more than 5% of the shares issued.

ICICI Prudential Asset Management Company, a joint venture between Indian private lender ICICI Bank and Britain’s Prudential Plc, has reportedly begun the process to debut on the stock market. The plan, first revealed by Prudential Plc in February, is starting to take shape in what could be one of India’s mega IPOs.

According to a report by Moneycontrol, ICICI Prudential AMC plans to file the draft papers by June-end or early July, with an offer size of around ₹10,000 crore. However, this may change later depending on the extent of shares diluted in the offer for sale and valuations. The IPO is likely to hit the bourses by the third quarter of the ongoing financial year. Read More

Shares of Talbros Automotive Components rose 6% on June 11, for a third straight session. The rally comes after the company, along with its joint ventures, secured orders worth ₹580 crore from leading original equipment manufacturers (OEMs) across both domestic and export markets.

Shrugging off early jitters, benchmark indices--the Sensex and Nifty 50 were trading with marginal gains. While the Nifty 50 hovered near the 25,150 level, the Sensex posted a near 150 point upmove. Among sectors, Nifty Energy was the front runner with a near 1% upmove.

Liquor stocks like Radico Khaitan, Allied Blenders and Distillers, and United Spirits lost their fizz on June 11, tumbling up to 6% on the NSE after Maharashtra popped a higher excise duty on Indian-made foreign liquor, country spirits, and imported booze.

Shares of Tata Communications fell up to 1.7% in early trade on June 11, today, after the company deferred the revenue growth, margin leverage and return on capital employed (RoCE) guidance by a year at its investor day on June 10. The communications services provider said that the earlier revenue guidance of ₹280bn for FY27 is now likely to be delayed by a few quarters and the 23-25% EBITDA margin guidance along with a 25% RoCE guidance will now be achieved in FY28.

According to the Colliers’ Global Capital Flows June 2025 report, seven APAC markets, including India dominate the list of top 10 Global Cross-Border capital destinations in land and development sites. Institutional investments in Indian real estate remain resilient in Q1 2025 at $1.3Bn, with foreign investments’ share at 40%.

Shares of GM Breweries and Sula Vineyards surged as much as 18% and 13%, respectively, on 11 June, defying the broader selloff seen across liquor stocks. While peers such as United Spirits, Radico Khaitan, and Allied Blenders faced heavy selling pressure following the Maharashtra government’s sharp hike in excise duty on Indian Made Foreign Liquor (IMFL), GM Breweries and Sula Vineyards found favour among investors, thanks to specific positives linked to the policy shift.

The state government announced a revised excise duty structure, increasing the levy to 4.5 times the production cost, up from the earlier rate of three times.

Shares of RattanIndia Power Ltd extended their rally for the fifth consecutive session on Wednesday, surging 12.71% to hit a high of ₹16.14. With this, the stock has soared 45.28% over the past five trading days.

Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) took a volatile trajectory on D-street after the board approved the funds raised via Qualified Institutional Placement (QIP). The NBFC stock erased all gains after witnessing a surge of nearly 2% on Wednesday.

The Indian rupee rose 6 paise to 85.51 against the US dollar in early trade on June 11, aided by strong foreign institutional investor (FII) inflows and a drop in global crude oil prices, reported PTI.

Reliance Industries (RIL) shares gained 2% to ₹1,468 on the BSE, hitting their highest level since October 2024 in intraday trade. The stock has bounced back 32% from its April low of ₹1,155.55, outpacing the broader market’s recovery, according to Business Standard.

Oil and gas stocks climbed sharply on June 11, driven by a positive FY26 outlook from Systematix Institutional Equities. The firm projected a 6% year-on-year rise in sales and a 13% increase in both EBITDA and net profit for companies under its coverage.

Most Nifty Oil & Gas stocks, including Reliance, IOC, Oil India, BPCL and HPCL, rose 2–6% by midday, lifting the sectoral index over 2% on the NSE amid upbeat FY26 projections.

Gold prices rose slightly on June 11, reaching ₹97,082 per 10 grams — up ₹180 from the previous close. The small gain came as the US dollar remained steady and global trends stayed positive, reported CNBCTV18.

Oswal Pumps IPO: The solar pump manufacturer is all set to make its primary market debut this week. The bidding period will start on June 13, 2025 (Friday) and conclude on June 17, 2025 (Tuesday).

Shares of Indian Renewable Energy Development Agency Ltd. (IREDA) took a volatile trajectory on D-street after the board approved the funds raised via Qualified Institutional Placement (QIP). 

At 01:32 pm, Reliance Power shares were trading at ₹71.86 price level, up by 0.87% on the National Stock Exchange.

IT sector stocks witnessed a sharp surge on Wednesday as positive cues on D-street raised bullish sentiment. At 01:43 pm, HCL Tech shares were trading at ₹1,711.90 price level, up by 2.63% on the National Stock Exchange. Tech Mahindra and Infosys followed suit and soared over 1.54% and 1.42%, respectively.

Gold and silver futures opened higher on June 11. However, the white metal lost momentum and erased gains made during early trading hours.

At 2:00 pm, HCL Tech, Tech Mahindra, Infosys, Reliance, Tata Steel and Tata Motors were among the top gainers from the Sensex 30 pack. Whereas, Powergrid, Adani Ports, Bajaj Finance, IndusInd Bank and Maruti were among major laggards.

Pine Labs, merchant‑payments and loans platform, is planning to file its draft red‑herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) by the end of the month, as per a report by the Economic Times.

After surpassing record all-time high level, Nifty Bank witnessed a decline on Wednesday. During the last 5 trading sessions, the banking sectoral index surged over 700 points. However, on Wednesday, the index fell over 160 points.

Market Live: Anil Ambani-led Reliance Power and Reliance Infrastructure, once symbols of a crumbling business empire, are now scripting a story of quiet resurgence. The two companies are gradually finding favour among investors, fuelled by fresh developments and rising hopes of a long-awaited corporate revival.

Recently, these stocks have rallied in a remarkable manner. Reliance Power has surged by a whopping 70% over the past month alone, while Reliance Infrastructure has notched up gains of over 58% during the same period.

Market Live: More than half the stocks on the BSE Sensex were trading higher, with gains led by IT stocks, including HCLTech (up 3.20%) followed by Infosys, Tech Mahindra, apart from Reliance Industries, and Bajaj Finserv, while losses were capped by Power Grid Corp. (down 1.79%), followed by Adani Ports, IndusInd Bank, HDFC Bank, and Bajaj Finance.

Auto stocks witnessed a steady rise on Wednesday, with industry giants like Tata Motors, Bajaj Auto and Hero MotoCorp experiencing bullish momentum on D-street. The optimism was largely owing to reports signalling that China might ease restrictions on rare earth policy. Multiple reports suggested that the dragon might grant rare earth licenses to Indian OEMs.

Indian equity benchmarks closed higher in a volatile session on June 11, with the Nifty settling around 25,150 and the Sensex rising 100 points.

Among the top Nifty gainers were HCL Technologies, Infosys, Wipro, Tech Mahindra, and ONGC. On the flip side, Shriram Finance, Power Grid Corp, Adani Enterprises, Adani Ports, and Bharat Electronics were the key laggards.

Sector-wise, FMCG, Power, and PSU Bank indices slipped 0.5–1 percent, while Oil & Gas, Pharma, and IT sectors advanced between 0.5–1.2 percent.

The BSE Midcap and Smallcap indices ended largely flat.

Market regulator Securities and Exchange Board of India (Sebi) on Wednesday announced plans to launch UPI IDs for Sebi-registered intermediaries involved in fund collection.

The move aims to streamline and enhance the transparency of payment processes for entities operating in the capital markets.

The headline 50-stock Nifty 50 index has failed to decisively close past the 25,150-mark, yet again as the fight between bulls and bears remained tight in the trade on June 11.

Since breaching the 25,000 mark on May 15, the benchmark index has largely moved within a narrow 1,000-point band. In the last 19 trading sessions, it has repeatedly failed to decisively close past or stay above 25,100 despite multiple intraday attempts

"Profit booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favouring companies with stable earnings outlooks. The Auto and IT sectors remain in focus—Auto stocks are gaining on improved monthly sales, while IT are benefiting from optimism around a potential US-China trade resolution," said Vinod Nair, head of research, Geojit Investments Ltd.

"Meanwhile, following the recent rally, the market lacks clear direction as investors await key macroeconomic data and updates on trade negotiations. US inflation data, due later today, is expected to show a slight uptick, driven by recent tariff increases," he added.

"The Nifty remained volatile throughout the day before closing flat. However, the overall sentiment remains positive as the index continues to hold above the breakout point. Additionally, a golden crossover is in place, which supports the bullish outlook," said Rupak De, senior technical analyst at LKP Securities.

"Any dip should be viewed as a buying opportunity. Crucial support is placed at 24,850. As long as the index holds above this level, the trend is likely to remain positive, with potential to move towards 25,350 in the short term," he added.

"Markets remained volatile for yet another session and ended marginally in the green amid a lack of fresh triggers. After a flat start, the Nifty gradually moved higher in the first half and tested the resistance at 25,200, but failed to sustain the momentum and finally settled at the 25,141 level," said Ajit Mishra– SVP, research, Religare Broking Ltd.

"On the sectoral front, the mixed trend persisted, with IT, pharma, and energy ending in the green, while FMCG and banking closed marginally lower. Meanwhile, the broader indices witnessed profit-taking, with both the midcap and small cap segments losing nearly half a percent each," he added.

"Gold prices remained steady as the dollar index stayed subdued below the 99 mark. Investors are eyeing the upcoming US CPI data due Wednesday evening, which is expected to trigger increased volume and volatility," said Jateen Trivedi, VP research analyst- commodity and currency, LKP Securities.

"The inflation reading will likely guide the next directional move in gold, with key levels to watch at $3,360 on the upside and $3,300 on the downside. Major technical support is seen near $3,290, while resistance stands at $3,375," said Trivedi.