The Indian stock market closed on a flat note on Tuesday, with the Sensex dipping slightly by 53.49 points to 82,391.72, while the Nifty edged up by just one point to settle at 25,104.25.
The session saw notable buying in IT stocks, pushing the Nifty IT index up by 1.67%. Gains were also observed in pharma, FMCG, metal, media, energy, and commodity stocks. However, the auto, PSU bank, financial services, realty, and infrastructure sectors ended in the red.
Top gainers on the Sensex included Tech Mahindra, Tata Motors, Infosys, HCL Tech, UltraTech Cement, TCS, ITC, Axis Bank, Nestle, and Adani Ports. On the flip side, Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, and Reliance Industries were among the major laggards.
Analysts noted that the Nifty continues to hold above its previous consolidation range on the daily chart, suggesting the uptrend may continue. Rupak De of LKP Securities stated that the positive sentiment is likely to sustain as long as the index remains above the key support level of 24,850. If the index breaks above 25,350, it could trigger a more extended rally.
Vikram Kasat of PL Capital highlighted that while the market remains in a consolidation mode, improving liquidity, strong corporate earnings, and foreign portfolio investor (FPI) interest are keeping the bullish sentiment alive.
The Indian rupee traded in a stable range around 85.67, supported by the RBI&rsquo;s recent 0.50% rate cut, which added liquidity and helped counterbalance the upward pressure from rising crude oil prices.
Investors are closely watching the upcoming US CPI data, a key factor for the dollar index. Experts expect the rupee to remain range-bound between 85.25 and 86.00 in the near term.
Meanwhile, gold prices hovered in a narrow range around $3,315&ndash;$3,320 and ₹97,000 per 10 grams. Market participants are awaiting updates on US-China trade negotiations. A strong tariff agreement could drive gold prices down to ₹95,000, while disappointing developments might push it up toward ₹98,500 or $3,360, according to Jateen Trivedi from LKP Securities. Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed. Also Read: <a href="https://www.benefitnews24.com/general/eight-friends-drown-in-rajasthan-s-banas-river/13455">Eight Friends Drown In Rajasthan's Banas River</a>

The Indian stock market closed on a flat note

Market remains range-bound as IT, pharma stocks rise; Nifty holds above key support level

Sensex Ends Flat, IT Stocks Lead Gains

Market remains range-bound as IT, pharma stocks rise; Nifty holds above key support level

June 10, 2025 | 17:28 IST