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GRSE, BDL Slide on Profit-Booking; GM Breweries, Sula Vineyards Surge; ONGC, IOC Gain on Crude Dip
GRSE, BDL Slide on Profit-Booking; GM Breweries, Sula Vineyards Surge; ONGC, IOC Gain on Crude Dip
Written by - Fisdom Research
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June 11, 2025
2 minutes
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Market Snapshot
After a rangebound session earlier, bulls regained momentum on June 11, pushing the Nifty above the 25,200 mark intraday — its highest level since October 15, 2024 — though the index closed with only marginal gains.
Broader markets underperformed, with the BSE Midcap and Smallcap indices ending the day largely flat.
On the sectoral front, FMCG, Power, and PSU Banks declined by 0.5–1%, while Oil & Gas, Pharma, and IT stocks gained between 0.5–1.2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
1.5
NIFTY AUTO
0.2
NIFTY IT
1.3
NIFTY REALTY
0.1
NIFTY PHARMA
0.5
NIFTY CONSUMER DURABLES
0.0
NIFTY HEALTHCARE INDEX
0.3
NIFTY MEDIA
-0.1
Top News
Defence stocks such as GRSE, BDL, and Mazagon Dock fell up to 5% on June 11 amid profit-booking, dragging the Nifty Defence index into the red with 17 of its 18 constituents declining.
GM Breweries and Sula Vineyards surged 19% and 10% respectively after the Maharashtra government approved a significant hike in excise duties on liquor and introduced a new category—Maharashtra Made Liquor (MML).
Oil & gas stocks rallied, lifting the Nifty Oil & Gas index by 1.7%, as falling global crude prices improved margin outlook, supported by the US EIA’s forecast of Brent crude dropping to $61/bbl by end-2025.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HCLTECH
3.2
SHRIRAMFIN
-2.3
INFY
2.0
POWERGRID
-2.0
TECHM
1.7
BEL
-1.3
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,000
25,200
Bank Nifty
56,000
57,000
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