Nifty 50 closed at 25,104.25 (1.1, 0%) , BSE Sensex closed at 82,391.72 (-53.5, -0.1%) while the broader Nifty 500 closed at 23,339.95 (9.4, 0.0%). Market breadth is in the green. Of the 2,455 stocks traded today, 1,303 were on the uptick, and 1,112 were down.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 4.6% and closed at 14 points. ITD Cementation surged 6.7% to its all-time high of Rs 830 after securing an Rs 893 crore order for berth and breakwater construction in Odisha.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat, following the benchmark index. Nifty IT and Nifty India Defence Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the top-performing sector of the day, with a rise of 2.8%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading flat or higher as investors await details from the second day of US-China trade talks in London, hoping for eased tensions. Brent crude futures are trading higher after rising 0.8% on Monday.

• Money flow index (MFI) indicates that stocks like AstraZeneca Pharma, Concord Biotech, Schneider Electric, and Cummins India are in the overbought zone.

• TIL rises sharply as it forms a strategic business unit (SBU), TIL Defence, to consolidate its defence portfolio and accelerate indigenous production of military systems.

• MTNL is rising as the Department of Telecommunications advises state governments to use state-run BSNL and MTNL services, citing data security as a key reason for the preference.

• Morgan Stanley maintains its 'Overweight' call on UltraTech Cement with a target price of Rs 14,000 per share. The brokerage expects the company to gain market share in capacity and volume, driven by its pan-India presence and increasing number of retail outlets. It expects volumes to grow at a CAGR of 10% by FY28.

• Kent RO Systems, Karamtara Engineering, Vidya Wires, and Mangal Electrical Wires receive SEBI approval to launch their initial public offerings (IPOs). These firms, which submitted their draft papers in January, are collectively looking to raise around Rs 2,500 crore through their public issues.

  #MarketsWithBS | Kent RO, 3 others get #Sebi nod for IPOs: Here's all you need to know#ipoallotment #markets #IPOAlert #sharemarket #StockMarket https://t.co/zkQGuv95YW

  — Business Standard (@bsindia) June 10, 2025

• Schloss Bangalore is falling as its subsidiary, Tulsi Palace Resort, gets a show cause notice from the Central Goods and Service Tax (CGST) Audit Commissionerate, Jaipur.

• Zydus Lifesciences receives an establishment inspection report (EIR) with a voluntary action indicated (VAI) status from the US FDA for its API plant in Dabhasa, Vadodara.

• Avenue Supermarts falls as 16 lakh shares (0.2% stake), worth Rs 634 crore, reportedly change hands in a block deal at an average price of Rs 4,000 per share.

• D Arul Selvan, President and CFO of Cholamandalam Investment & Finance, projects an AUM growth of 20–25% for FY26. He expects margins to improve by 10–15 bps following RBI’s recent rate cut, while credit costs will likely ease to around 1.3–1.35%. He adds that the company remains cautious after the rate cut and does not plan to scale up operations immediately.

  Cholamandalam Investment and Fin Co says
  
  FY26 Guidance
  ???? AUM growth target of 20-25%
  ???? Post RBI cut, margins will go up by 10-15 bps
  ???? Credit cost will come down to 1.3-1.35%https://t.co/4Ythdy84rr

  — Nigel D'Souza (@Nigel__DSouza) June 10, 2025

• Confidence Petroleum India is rising as it commissions five new compressed natural gas (CNG) stations in Bangalore. This move helps the company to set up 50 stations in the city, with a target of reaching 100 stations.

• United Spirits is rising as parent company Diageo reportedly plans to sell its stake in IPL team Royal Challengers Bengaluru, seeking a valuation of up to $2 billion for the franchise.

• Mahindra & Mahindra increases its stake in M&M Financial Services (MMFSL) by investing around Rs 1,652 crore through a rights issue. It receives 8.5 crore shares at Rs 194 each, raising its holding from 52.2% to 52.5%.

• According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net inflows decline to Rs 29,108 crore in May, compared to Rs 2,76,827 crore in April. Meanwhile, monthly equity inflows decrease MoM to Rs 19,013 crore in May from Rs 24,269 crore.

  MAY AMFI DATA
  Inflow at `29108 cr vs Inflow at `276827cr
  Equity Inflow at `19013 cr vs Inflow at `24269cr
  Total AUM at `72.2 lk cr vs `70lk cr Equity AUM at `32 lk cr vs `30.6lk cr
  
  IMPACT
  Inflows reduce for large…

  — Sharad Dubey (@Sharad9Dubey) June 10, 2025

• Grasim Industries rises sharply as Morgan Stanley upgrades it to an 'Overweight' rating from 'Equalweight', with a higher target price of Rs 3,500 per share. This indicates a potential upside of 29%. The brokerage is positive on the stock, led by a better-than-expected performance in the newly launched paints business.

• Jana Small Finance Bank is rising as it submits an application to the Reserve Bank of India, seeking approval to voluntarily transition into a Universal Bank.

• Morgan Stanley cuts the target price on Asian Paints to Rs 1,909. The brokerage notes that India’s paint industry is moving from steady double-digit growth to intense competition. It highlights that Asian Paints lost 424 bps of market share in FY25 and expects the company to lose another 209 bps over FY26-28 in the overall decorative paints segment.

• Defence stocks are rising following reports that the Indian Army plans to acquire indigenous Quick Reaction Surface-to-Air Missile (QRSAM) systems worth Rs 30,000 crore. The Defence Ministry is expected to approve the purchase of three QRSAM regiments developed by DRDO for deployment along the borders.

  Defence stocks such as Bharat Electronics , BEML, Paras Defence, and others rallied up to 5% following reports that the Indian Army is set to acquire an indigenous Quick Reaction Surface-to-Air Missile system worth Rs 30,000 crore.https://t.co/nzIpGw615H

  — ETMarkets (@ETMarkets) June 10, 2025

• Nibe surges in trade as it signs a licensing agreement with the Defence Research and Development Organisation (DRDO) to manufacture and sell modular bridging systems ranging from 14m to 46m.

• Capri Global Capital's board of directors approves raising funds worth up to Rs 2,000 crore through a qualified institutional placement (QIP) of equity shares at a floor price of Rs 153.9.

• Protean eGov Technologies is rising as it receives an order worth Rs 100 crore from Bima Sugam India Federation (BSIF) to build and manage the Bima Sugam digital insurance platform. The work includes design, development, support, and integration.

• Crude oil prices increase by 7% over the past week, supported by renewed optimism around US-China trade talks and strong summer travel demand in the US and Canada. A Reuters survey suggests that the OPEC oil output increased in May, though the rise remained modest as Iraq produced below the target to offset earlier overproduction, while Saudi Arabia and the United Arab Emirates made smaller increases than permitted.

  Commodity Corner | #Crude oil prices up 7% in one week on the back of renewed optimism over US-China trade talks and peak summer travel seasonal demand in US, Canada. #Commodity @Manisha3005 pic.twitter.com/V4vs6WxfgD

  — CNBC-TV18 (@CNBCTV18News) June 10, 2025

• Premier Energies is rising as 2.5 crore shares (5.5% stake) worth approximately Rs 2,629 crore reportedly change hands in a block deal at an average price of Rs 1,052 per share. South Asia Growth Fund II is likely the seller in the transaction.

• Jindal Saw rises sharply as it plans to set up a 3 lakh tonnes per annum (TPA) seamless pipe manufacturing facility in the UAE over the next three years, with an investment of $105 million (~ Rs 898.5 crore).

• AstraZeneca Pharma India is falling as its Managing Director (MD), Sanjeev Kumar Panchal, tenders his resignation, effective June 30. The board appoints Praveen Rao Akkinepally as the new MD.

• ITD Cementation surges to its all-time high of Rs 830 as it bags an order worth Rs 893 crore to construct berth & breakwater for the development of greenfield captive jetties in Odisha.

• Nifty 50 was trading at 25,127.10 (23.9, 0.1%), BSE Sensex was trading at 82,643.73 (198.5, 0.2%) while the broader Nifty 500 was trading at 23,372.55 (42, 0.2%).

• Market breadth is highly positive. Of the 2,015 stocks traded today, 1,551 were on the uptrend, and 414 went down.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (596.05, 5.9%), AWL Agri Business Ltd. (278.05, 3.8%) and Grasim Industries Ltd. (2,708, 3.8%).

Downers:

Largecap and midcap losers today include Indian Bank (628.75, -3.5%), Coromandel International Ltd. (2,330.50, -3.4%) and Macrotech Developers Ltd. (1,467.40, -2.9%).

Movers and Shakers

28 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Prism Johnson Ltd. (151.07, 8.5%), Jindal Saw Ltd. (247.99, 7.0%) and Alok Industries Ltd. (20.86, 6.8%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (4,080, -2.4%) and Vinati Organics Ltd. (1,867.20, -0.9%).

Adani Power Ltd. (596.05, 5.9%) was trading at 9.5 times of weekly average. Sun TV Network Ltd. (627.05, 0.2%) and Affle 3I Ltd. (1939, 3.8%) were trading with volumes 8.0 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

22 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Bank of India (126.28, -2.3%), Bharat Electronics Ltd. (397.40, 1.3%) and City Union Bank Ltd. (206.27, 0.8%).

33 stocks climbed above their 200 day SMA including Alok Industries Ltd. (20.86, 6.8%) and Adani Power Ltd. (596.05, 5.9%). 10 stocks slipped below their 200 SMA including Avenue Supermarts Ltd. (4,080, -2.4%) and Sapphire Foods India Ltd. (319.10, -2.3%).