Indian Stock Market Outlook On Wednesday 17-09-2025
Get the Indian stock market outlook for Monday, June 9, 2025, with predictions for Sensex, Nifty50, and Bank Nifty. Key support/resistance levels, sector trends, and stocks to watch. Stay ahead with expert analysis on market direction and trading opportunities.
The Indian stock market has been a rollercoaster of volatility and opportunity in 2025, driven by domestic policy changes, global economic cues, and sector-specific developments. As we approach Monday, June 9, 2025, investors and traders are keenly focused on the Sensex, Nifty50, and Bank Nifty indices to gauge market direction. This comprehensive blog post analyses the expected market trends, key support and resistance levels, top gainers and losers from the previous trading session, and stocks to watch for Monday. Packed with the latest data and insights, this guide aims to equip traders with actionable strategies to navigate the Indian stock market effectively.
Market Recap: A Strong Finish to the Week
The Indian stock market closed on a bullish note on Friday, June 6, 2025, buoyed by the Reserve Bank of India’s (RBI) surprise 50 basis point repo rate cut to 5.5% and a 100 basis point phased Cash Reserve Ratio (CRR) reduction. The Sensex surged 747 points to close at 82,189, while the Nifty50 crossed the psychological 25,000 mark, ending at 25,003. The Bank Nifty also recorded a 0.63% gain, closing at 56,578, supported by strong buying in financial stocks. The positive momentum was further fuelled by robust Foreign Institutional Investor (FII) and Domestic Institutional Investor (DII) inflows, with DIIs buying equities worth ₹2,382 crore on June 5.
However, global uncertainties, including U.S. trade policy signals and geopolitical tensions, continue to cast a shadow. The India VIX, a measure of market volatility, dropped 2.09% to 16.07, indicating a temporary cooling of market fear. Despite this, traders are advised to remain cautious as macro events, such as the upcoming U.S. Federal Reserve meeting, could influence sentiment.
Sensex, Nifty50, and Bank Nifty: Technical Outlook for Monday, June 9, 2025
Sensex
The Sensex has entered a positive trend, with analysts suggesting a sideways to bullish movement for Monday. Key support levels are identified at 80,821–81,200, while resistance is expected between 82,100–82,207. A sustained move above 82,207 could signal further upside toward 83,000, while a breach below 80,821 may trigger profit-taking. The index’s strength above the 20-day Exponential Moving Average (EMA) and a healthy Relative Strength Index (RSI) support a bullish bias.
Nifty50
The Nifty50 is trading in a defined range of 24,400–25,500, with strong call writing at 25,000–25,500 and put support at 24,400. For Monday, the index is expected to hover around 24,900–25,000, with immediate support at 24,579–24,600 and resistance at 25,235–25,500. A breakout above 25,235 could push the index toward 25,500, while a fall below 24,579 may lead to a correction toward 24,400. The bullish bias remains intact as long as the 24,500 support holds.
Bank Nifty
The Bank Nifty index is in a positive trend, supported by consistent buying interest and a bullish candle formation on the weekly chart. Key support levels for Monday are at 55,458–55,700, with resistance at 56,600–56,800. The index’s ability to hold above the 55,700 mark suggests potential for further upside toward 57,000. However, a close below 55,458 could signal a bearish shift, prompting traders to initiate short positions. The 20-day EMA and healthy RSI levels reinforce the bullish outlook.
Trading Strategies: Support and Resistance Levels
Understanding support and resistance levels is crucial for effective trading in the Indian stock market. Here’s a quick guide to using these levels for Monday:
- Buy on Dips: For Nifty50, consider buying near the support zone of 24,600–24,400 with a stop-loss below 24,579. For Bank Nifty, dips toward 55,700–55,458 offer buying opportunities with a stop-loss below 55,458.
- Sell on Rally: If the Nifty50 approaches 25,235–25,500, traders can book profits or initiate short positions with a stop-loss above 25,500. For Bank Nifty, resistance at 56,600–56,800 is a potential profit-booking zone.
- Range-Bound Strategy: Given the defined range in Nifty50 (24,400–25,500), traders can adopt a range-bound strategy, buying at support and selling at resistance while maintaining tight risk management.
Top 10 Gainers and Losers: June 6, 2025
The market’s performance on June 6 highlighted strong sectorial rotation, with gains in pharma, FMCG, infra, and IT, while select financials faced profit-taking. Below is a table of the top 10 gainers and losers from the Nifty50 and Sensex constituents, based on the latest data.
Top 10 Gainers (June 6, 2025)
| Stock | Percentage Gain | Sector |
| Shriram Finance | 5.46% | Financial Services |
| Bajaj Finance | 4.93% | Financial Services |
| Eternal (Zomato) | 4.43% | Consumer Services |
| Dr. Reddy’s Laboratories | 3.09% | Pharmaceuticals |
| Trent | 3.02% | Retail |
| JSW Steel | 3.56% | Metals |
| Axis Bank | 3.15% | Banking |
| Maruti Suzuki | 2.78% | Automotive |
| Power Grid Corporation | 2.01% | Power |
| UltraTech Cement | 1.35% | Cement |
Top 10 Losers (June 6, 2025)
| Stock | Percentage Loss | Sector |
| HDFC Life Insurance | 0.87% | Insurance |
| Bharat Electronics | 0.66% | Defence |
| Bharti Airtel | 0.46% | Telecom |
| Sun Pharma | 0.10% | Pharmaceuticals |
| Bajaj Finserv | 0.97% | Financial Services |
| Tata Consumer Products | 1.10% | FMCG |
| ICICI Prudential Life | 0.89% | Insurance |
| Mahindra & Mahindra (M&M) | 0.60% | Automotive |
| Hero MotoCorp | 0.70% | Automotive |
| Kotak Mahindra Bank | 0.50% | Banking |
Note: Closing prices are not specified in the source data but can be referenced from platforms like BSE India for precise values.
Stocks to Watch on Monday, June 9, 2025
Based on recent market trends, technical setups, and sectoral momentum, here are the top stocks to watch for Monday:
- ICICI Bank: Despite profit-taking in select financials, ICICI Bank’s 1.66% gain on June 6 signals strong buying interest. The stock is trading above its 200-day moving average, with support at ₹1,200 and resistance at ₹1,300. Watch for a breakout above ₹1,300 for further upside.
- HDFC AMC: A 3.08% gain on June 6 reflects robust investor confidence. The stock’s bullish momentum and positive sectoral outlook make it a stock to monitor, with support at ₹4,000 and resistance at ₹4,500.
- Shriram Finance: With a 1.60% gain, this NBFC stock is riding the financial sector’s rally. Support lies at ₹2,800, with resistance at ₹3,200. Positive macro cues could drive further gains.
- Dr. Reddy’s: The pharma sector’s strength, coupled with a 3.09% gain, makes Dr. Reddy’s a top pick. Support at ₹6,500 and resistance at ₹7,000 are key levels to watch.
- Trent: Retail stocks have shown resilience, with Trent gaining 3.02%. Support at ₹6,000 and resistance at ₹6,500 suggest potential for a breakout.
- Adani Ports: Despite recent pressure from global shipping disruptions, Adani Ports remains a key logistics player. Watch support at ₹1,300 and resistance at ₹1,500.
- Reliance Industries: As a heavyweight, Reliance’s contribution to the Sensex rally is notable. Support at ₹2,800 and resistance at ₹3,100 are critical levels.
- Power Grid: Infrastructure stocks are gaining traction, with Power Grid showing consistent strength. Support at ₹300 and resistance at ₹350 are key.
- UltraTech Cement: Cement stocks are benefiting from infra demand. Support at ₹11,000 and resistance at ₹12,000 make UltraTech a stock to monitor.
- Axis Bank: Despite a 1.11% loss, Axis Bank’s technical setup suggests a potential reversal. Support at ₹1,100 and resistance at ₹1,250 are levels to watch.
Sectorial Outlook: Key Drivers for Monday
- Banking and Financials: The Bank Nifty and FinN overthrow indices are expected to remain in focus due to the RBI’s rate cut and liquidity measures. Stocks like ICICI Bank, HDFC AMC, and Shriram Finance are likely to lead, though profit-taking in Axis Bank and Bajaj Finance warrants caution.
- Pharma: Defensive sectors like pharma are attracting buying interest amid global uncertainties. Dr. Reddy’s and Sun Pharma are poised for gains.
- Infra and Cement: Infrastructure and cement stocks, such as Power Grid and UltraTech Cement, are benefiting from domestic demand and government spending.
- FMCG and Retail: Trent and select FMCG stocks are showing resilience, supported by stable consumer demand.
- Auto: Weakness in M&M, Hero MotoCorp, and Maruti Suzuki suggests selective profit-taking. Monitor for a reversal near support levels.
Global Cues and Their Impact
Global markets are influencing Indian indices, with the U.S. S&P 500 ending its winning streak due to trade policy uncertainties. The U.S. Federal Reserve’s upcoming meeting and potential tariff announcements could add volatility. Domestically, the early monsoon onset and RBI’s dividend to the government provide limited support, but investor sentiment remains strong with FII and DII inflows. The Indian rupee’s appreciation to 85.63 against the dollar further boosts confidence.
Risks to Watch
- Global Volatility: U.S. trade policies and geopolitical tensions could trigger short-term sell-offs.
- Profit-Taking: Financials and auto stocks may face mild profit-taking after recent gains.
- Macro Events: The U.S. Federal Reserve meeting and domestic corporate earnings could sway market direction.
Trading Plan for Monday, June 9, 2025
The Indian stock market is poised for a sideways to bullish session on Monday, driven by the RBI’s dovish stance and strong domestic inflows. Traders should focus on support and resistance levels for Sensex (80,821–82,207), Nifty50 (24,579–25,235), and Bank Nifty (55,458–56,800) to execute buy-on-dips or sell-on-rally strategies. Stocks like ICICI Bank, HDFC AMC, and Dr. Reddy’s are top picks, while caution is advised in financials like Axis Bank and auto stocks.
By combining technical analysis, sectorial insights, and global cues, traders can navigate the Indian stock market with confidence. Keep risk management tight and positions light ahead of key macro events to capitalize on opportunities while minimizing downside risks.
Disclaimer: The predictions and strategies discussed are based on technical analysis and market trends as of June 6, 2025. Always conduct your own research or consult a financial advisor before making trading decisions.
