The market extended its winning streak for the fourth straight session on June 9, with the Nifty touching an eight-month high of 25,160 intraday, supported by broad-based buying except in real estate stocks.
Nifty Bank maintained its record-setting momentum, hitting 57,049.50 and closing 0.5% higher.
All major sectoral indices, excluding realty, ended in the green, with IT, oil & gas, power, and PSU Bank gaining around 1% each.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL FINANCIAL SERVICES
2.1
NIFTY OIL & GAS
1.0
NIFTY FINANCIAL SERVICES EX-BANK
1.9
NIFTY PRIVATE BANK
1.0
NIFTY MIDSMALL IT & TELECOM
1.7
NIFTY IT
1.0
NIFTY PSU BANK
1.5
NIFTY HEALTHCARE INDEX
0.8
Top News
Jio Financial Services emerged as the top gainer in the NIFTY50, jumping 3.89% to ₹305 after launching the website for its mutual fund arm, Jio BlackRock, and announcing its leadership team.
Shares of Swiggy and Zomato-parent Eternal dropped around 2.5% each after reports said Rapido plans to enter the food delivery space with lower commission rates, intensifying competition.
PSU bank stocks rallied sharply on June 9, lifting the Nifty PSU Bank index by over 1.5% to around 7,210, following the RBI’s MPC policy outcome announced on June 6.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
JIOFIN
3.9
ETERNAL
-1.9
KOTAKBANK
3.3
ICICIBANK
-1.7
BAJFINANCE
2.7
TITAN
-0.7
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,900
25,250
Bank Nifty
56,000
57,500
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