Mumbai, 12 June 2025 — India’s stock markets tiptoed into the green on Thursday, but the shimmer on the surface masked some brewing tension underneath. While benchmark indices Sensex and Nifty 50 posted modest gains, it was the Nifty IT index that stole the spotlight — surging for a record sixth consecutive session as tech bulls ran wild.
But beyond the big caps, the broader market seemed fatigued, weighed down by persistent weakness in financials, FMCG, and PSU banks.
💻 Tech Titans on Fire: Infosys, HCL Tech Light Up the Screen
The Nifty IT index turned out to be the market’s golden child yet again. Fueled by positive global cues and renewed optimism in global trade relations — especially surrounding the U.S.-India-China triangle — investors continued to pile into frontline tech counters.
Top gainers:
- Infosys: Riding high on strong client wins
- HCL Technologies: Backed by robust Q1 growth guidance
Both stocks helped Nifty 50 close slightly higher at 25,141.40, while the Sensex added 123 points to settle at 82,515.14 on Wednesday, extending its green streak to six days.
🛢️ Oil & Gas Joins the Rally – But Caution Lurks
The Oil & Gas pack also posted a notable 1% uptick, buoyed by rising crude demand and signs of stability in OPEC output strategies. However, market analysts are waving caution flags as volatility remains high.
On the flip side, Nifty Financial Services, FMCG, and PSU Bank indices extended their losing streak, falling for the second straight day amid profit booking and weak institutional demand.
💸 Rupee Strengthens, But Global Cues Trigger Jitters
On the currency front, the rupee gained 7 paise to close at 85.55 against the U.S. dollar, boosted by steady foreign capital inflows. That said, global sentiment continues to waver, especially after GIFT Nifty signaled a bearish undertone — trading at a 40-point discount to Nifty futures, hinting at a cautious start for June 13.
⚠️ What’s Next? Key Levels to Watch
Despite the gains, the markets are showing signs of fatigue. Experts believe we’re in the middle of a consolidation phase — with volatility rearing its head. Analysts caution that if the Sensex slips below 82,000, we could see a quick slide toward the 81,700–81,500 zone.
Market mantra for traders? Stay alert, stay light, and don’t fall for false breakouts.
📊 Key Market Summary – 12 June 2025:
| Index | Closing Level | Movement |
|---|---|---|
| Sensex | 82,515.14 | +123 points |
| Nifty 50 | 25,141.40 | Slightly up |
| Nifty IT | Up 1%+ | 6th straight gain |
| Rupee vs USD | ₹85.55 | +7 paise |
| GIFT Nifty | 40 pts lower | Bearish signal |