Nifty 50 Today: Strong Opening Expected Amid Positive Global Signals; Key Stocks to Drive Gains
Nifty 50 eyes bullish opening today backed by global rally, robust GIFT Nifty, and heavyweight stock momentum. Read the full market outlook and stock strategy.
Overview
The Indian stock market is poised for a bullish start to the week on June 9, 2025, as global tailwinds, strong institutional activity, and technical strength in heavyweight stocks fuel optimism. The Nifty 50, which closed at 25,003.05 last session, is expected to open higher with Gift Nifty indicating a gap-up.
Let’s dive into today’s pre-market cues, global developments, sectoral trends, and key stock picks for the day.
Global Market Overview (as of 8:30 AM IST)
Asian Markets: Upbeat Start
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Nikkei 225 (Japan): +0.82% – Gains in tech and banking (SoftBank, Mitsubishi UFJ).
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Hang Seng (Hong Kong): +1.12% – Surge in Alibaba, Tencent, and China real estate.
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Kospi (South Korea): +0.67% – Led by Samsung Electronics, SK Hynix.
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Straits Times (Singapore): +0.44% – Lifted by bank stocks and REITs.
US Futures: Trending Higher
After Friday’s strong Wall Street close, US futures remain positive, following:
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Better-than-expected non-farm payrolls
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Moderate wage growth, increasing chances of a Fed rate cut
| Index | Movement |
|---|---|
| Dow Futures | +0.35% |
| Nasdaq Futures | +0.48% |
| S&P Futures | +0.41% |
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Gift Nifty: Trading at 23,330, up 85 points – suggesting a gap-up in Nifty 50.
Nifty 50 Today: Technical & Trading Levels
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Opening Projection: Above 23,300
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Support Zones: 23,150 / 23,000
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Resistance Zones: 23,420 / 23,550
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Expected Range: 23,150 – 23,500
Sentiment: Positive bias; watch for mild volatility near resistance due to profit booking ahead of macro data releases.
Key Nifty 50 Stocks: Bullish Setups
| Stock | Technical Signal | Observation |
|---|---|---|
| Reliance Industries (RIL) | Breakout above ₹2,940 | RSI: 62, rising volume |
| HDFC Bank | Support above ₹1,520 | Bullish engulfing candle |
| ICICI Bank | Holding ₹1,160 | MACD crossover, OBV rising |
| Infosys | Bullish MACD divergence | Eyes ₹1,530 resistance |
| TCS | 20-DMA > 50-DMA | Target ₹4,000 |
| L&T | New all-time high | RSI > 70, strong breakout |
| ITC | Consolidating near ₹430 | Double bottom on charts |
| Bharti Airtel | Above key MAs | Near all-time highs |
| HUL | Rebound from ₹2,480 | Bollinger Band squeeze breakout |
| Maruti Suzuki | ₹12,000 support | Strong volumes, auto momentum |
Sectoral Sentiment: Who’s Leading?
Banking & Financials
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Positive Impact of RBI’s 50 bps rate cut
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FIIs aggressively accumulating ICICI Bank, HDFC Bank
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Kotak Bank, Axis Bank showing recovery
IT Sector
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Institutional buying in Infosys, TCS, HCLTech
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Positive forward guidance expected in upcoming earnings
Auto Sector
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Strong sales from Tata Motors, Maruti, and Eicher
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Optimism in the EV space is driving volumes
FMCG & Pharma
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Defensive sectors like ITC, HUL, and Sun Pharma see safe-haven demand
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Good monsoon forecast to aid rural demand and consumption
Institutional Activity
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FIIs: Net buyers for the past 3 sessions – targeting large caps
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DIIs: Supporting broader market, especially mid-caps and infra
Key Domestic & Global Drivers
| Factor | Impact |
|---|---|
| RBI Rate Cut (50 bps) | Boosts banking & lending confidence |
| Crude Oil near $77.50 | Positive for India’s import bill |
| Rupee steady at ₹83.27/USD | Encourages foreign flows |
| Monsoon forecast: Above average | Bullish for FMCG, rural demand |
| US Jobs & Fed Outlook | Fed pivot hopes drive global rally |
Strategy Corner
For Traders:
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Intraday Entry: Buy above 23,350, SL at 23,180
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Momentum Stocks: RIL, HDFC Bank, L&T, Maruti
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Focus on sectors with volume breakout and strong RSI/OBV
For Investors:
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Stay long in Banking, Auto, Capex, IT
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Accumulate on dips: L&T, ICICI Bank, Infosys, Maruti
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Defensive picks for stability: ITC, Sun Pharma
Expert Comments
"India remains one of the most resilient equity markets globally. With the Fed's dovish pivot in sight and strong domestic fundamentals, Nifty could test fresh highs soon."
– Radhika Gupta, CEO, Edelweiss AMC
"Heavyweights like Reliance and Infosys breaking key levels signals broader participation, which is crucial for sustainable upside."
– Kunal Bothra, Technical Analyst
Conclusion
As of June 9, 2025, Nifty 50 is poised for a bullish open, riding high on supportive global cues and strong showings by index majors. The index is likely to test 23,420–23,550 in the short term, with broader momentum in banking, auto, and capital goods sectors.
Caution near resistance zones is advised, but the broader trend remains bullish unless key supports are breached. Long-term investors should continue to focus on sector leaders, while traders can find momentum opportunities in large-cap breakouts.
Disclaimer:
This article serves only to provide information. It should not be considered as investment guidance. Kindly seek advice from a licensed financial advisor prior to making any investments.
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