Indian Stock Market Opens Strong Amid Positive Global Cues
Market Overview
On Monday, June 9, 2025, India's primary stock market indices, the Sensex and Nifty50, kicked off trading on a positive note. The Sensex, which tracks 30 major companies, jumped by 427.13 points, reaching 82,616.12 at the start of the day. Similarly, the Nifty50, which includes the top 50 firms, rose by 128.20 points to open at 25,131.25.
Investor Sentiment
The Indian stock market began the week with strong momentum, fueled by increased investor confidence following a significant rate cut announced by the Reserve Bank of India (RBI). Analysts predict that Indian equities will maintain a positive trajectory throughout the day, bolstered by the RBI's monetary easing and favorable signals from international markets.
Broader Market Performance
In the broader market, all key indices experienced gains during the initial trading session. The Nifty Midcap index increased by 0.6%, while the Nifty Smallcap index rose by 0.7%. The Nifty 100 saw a 0.44% uptick, and the Nifty Bank index climbed by 0.4%. Among sectoral indices on the NSE, the Nifty IT sector led the charge with a gain exceeding 1%. Other sectors also performed well, with Nifty Auto up by 0.89%, Nifty Media gaining 0.8%, Nifty Pharma rising by 0.3%, Nifty PSU Bank increasing by 0.93%, and Nifty Private Bank up by 0.75%.
Global Market Trends
International markets also opened positively on Monday. Japan's Nikkei 225 index rose by 1.10%, Hong Kong's Hang Seng Index increased by 1.05%, South Korea's KOSPI saw a rise of 1.68%, and Taiwan's weighted index added 0.52%.
Expert Insights
Ajay Bagga, a banking and market analyst, noted that global investors are closely monitoring trade negotiations between the US and China, particularly as the deadline for the Trump tariff pause approaches on July 9. He stated, "The Trump administration is entering a phase of deal-making as we approach the tariff deadline. US-China discussions are set to resume in London today, which is fostering optimism in risk markets, already buoyed by unexpectedly strong US non-farm payroll data released on Friday."
Bagga further commented, "The rally in US markets is positively impacting Asian markets. Indian markets are also anticipated to rise, supported by the RBI's substantial rate cut and liquidity measures that are benefiting both rate-sensitive and broader markets. Despite the influx of supply from IPOs, private equity funds, and promoters cashing out through block deals exceeding $6 billion this year, indications suggest a positive opening for Indian markets."