Markets rise for 4th straight session amid liquidity support

The domestic share market indices extended their winning streak for the fourth consecutive session on Monday, with the Nifty crossing 25,100, driven by broad-based buying and a boost from positive global cues, including strong U.S. jobs data and progress in U.S.-India trade talks.At close, the Sensex was up 256.22 points or 0.31 percent at 82,445.21, and the Nifty was up 100.15 points or 0.40 percent at 25,103.20. About 2667 shares advanced, 1374 shares declined, and 126 shares unchanged.
Bajaj Finance, Kotak Mahindra Bank, Axis Bank, Jio Financial, Trent were the top gainers on the Nifty, while losers included ICICI Bank, Titan Company, M&M, Adani Ports, Eternal.
On the sectoral front,except realty, all other sectoral indices ended in the green with IT, ol & gas, power, PSU Bank up 1 percent each.BSE Midcap and smallcap indices added 1 percent each.
Rupee Close:
On 9 June'25,the Indian rupee The rupee traded in a narrow range and depreciated 1 paise to 85.63 against the US dollar on Monday, weighed down by elevated crude oil prices and the dollar index.Forex traders reportedly stated while the rupee benefitted from the initial reaction to the RBI rate cut, the aggressive rate cut narrows the interest rate differential with global peers.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,financial stocks extended their rally in Indian markets, driven by the RBI’s supportive aggressive policy of rate and CRRA cut. These actions have boosted investor confidence and are expected to enhance liquidity in the near to medium term, especially in midcaps. The positive U.S. jobs data and renewed optimism over U.S.-China trade talks lifted global sentiment. Domestically even large caps expressed renewed momentum led by FIIs inflows.
Market experts recommended three stocks to buy on Monday - NCC, M&M and Voltas shares.
(Business Correspondent)