Nifty, Sensex Extend Gains for 4th Straight Session; Nifty Bank Closed Above 57,000 Mark for First Time
On June 9, the Indian equity benchmark indices closed higher, marking their fourth consecutive session of gains. After opening in positive territory, the indices remained in the green throughout the day, although profit booking at higher levels led to some trimming of gains.
At the closing bell, the Nifty 50 ended up by 100.15 points or 0.4%, at 25,103.20. The Sensex climbed by 256.22 points or 0.31% to 82,445.21. The rally in Indian equity benchmark indices was driven by banking stocks.
The Indian markets witnessed a sharp uptick during the session, led by a record high in the banking index. The rally was supported by an unexpected policy easing from the Reserve Bank of India, upbeat U.S. employment figures, and encouraging progress in trade talks between the U.S. and India.
Nifty Bank index recorded a new all-time high of 57,049.50, while it settled at 56,839.60, gaining 261.20 points or 0.46%. Mirroring the frontline indices, it has also maintained 4-days winning streak.
On Monday, the PSU Banking Index witnessed a rally of 1.52%. The Nifty Energy index advanced by 1.19%, aided by stock-specific gains. All 13 key sectoral indices registered gains.
Positive action was seen in the broader markets with the Nifty Mid-cap and Nifty Small-cap indices outperforming domestic equity indices. On June 9, the Nifty Small-Cap Index hit a 5-month high, marking a 6-day winning streak and its strongest intraday gain in June so far.
The Nifty PSU Bank index surged by 1.52% on Monday. Bank of India jumped over 3.96%, leading gains among PSU Bank stocks and lifting the Nifty PSU Bank index up.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended in green, with the Mid-cap 100 index surging by 1.13% and the Small-cap 100 index advancing by 1.57%, while all 13 major sectoral indices ended in the positive territory.
Nifty Small-cap 100 index outperformed the frontline benchmark indices. Nifty Small-Cap Index touched a 5-month high on June 9, with a 6-day winning streak, where it has recorded the highest intraday gains in the month of June, so far.
As of June 9, 2025, the Indian stock market witnessed positive market breadth. Out of 3,055 stocks traded on the NSE, 2,066 advanced, 904 declined, and 85 remained unchanged.
A total of 108 stocks touched their 52-week highs, while 20 hit their 52-week lows. Additionally, 133 stocks were locked in their upper circuits, whereas 54 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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