On June 10, 2025, Indian benchmark indices traded flat despite early gains, as selling pressure in financial stocks offset optimism from global trade discussions and policy support. Financial heavyweights like HDFC Bank and ICICI Bank led the slide, while IT stocks and select small and midcaps saw gains.
Indian stock indices opened on a positive note but turned flat by mid-morning on June 10 as selling in financial shares outweighed gains in other sectors. The Nifty 50 rose just 0.1% to 25,128.60, while the BSE Sensex edged up 0.02% to 82,469.51 at 10:00 a.m. IST.
The broader markets reflected a similar pattern. The Nifty Financial Services Index lost 0.4% and the Nifty Bank Index dropped 0.3%, pulling back after a four-day rally where financials had gained 2.8%.
Heavyweights HDFC Bank and ICICI Bank declined 0.5% and 1.2% respectively, adding downward pressure on the indices.
Geojit Financial Services, a Kochi, Kerala-based financial advisory firm, attributed the movement to expected market behavior. VK Vijayakumar, the firm’s Chief Investment Strategist, said, “Given the recent market rally, some profit-taking is natural. However, abundant liquidity is likely to support buying on dips, allowing the market to stabilise and consolidate.”
Nine out of thirteen sectoral indices posted early gains, while Nifty IT rose 1.3% due to optimism around U.S.-China trade negotiations. The IT sector, heavily reliant on the U.S. for revenues, gained on hopes of easing trade tensions after negotiators from both nations resumed talks in London.
Adding momentum to midcap action, ITD Cementation India Ltd. surged 8% after winning a ₹8.93 billion ($104.4 million) project. Similarly, Jana Small Finance Bank rose 3.8% following its application to the Reserve Bank of India for conversion into a universal bank.
Global cues remained favorable as Asian markets climbed. The MSCI Asia ex-Japan Index gained 0.8% in early trading, reflecting growing investor confidence in a potential breakthrough in the U.S.-China trade dispute.
Despite early optimism, the Indian markets remain in a consolidation phase as investors recalibrate after recent gains. Analysts suggest monitoring institutional flows and upcoming central bank decisions for the next directional cue.
