Here’s a pre-market report for the Indian market for Wednesday, June 11, 2025:
Overall Market Sentiment: The Indian market is expected to open with a cautious to flat bias, possibly with some initial positive momentum based on GIFT Nifty’s early morning moves, but mixed global cues and FII positioning suggest a day of consolidation.
Global Cues:
- Asian Markets: Mixed. Nikkei 225 is up, while Hang Seng and Shanghai Composite are slightly down.
- European Markets: Varied. FTSE 100 closed higher, while DAX and CAC 40 closed lower.
- US Futures: Mixed. NASDAQ and S&P 500 futures show slight positives, but Dow futures are slightly negative.
GIFT Nifty Position (as of early morning, June 11, 2025 IST):
- GIFT Nifty Live Price: Around 25,193.50, up by approximately 49 points (around +0.19%) from its previous close.
- Implication: This suggests a marginally positive opening for the Nifty 50. However, it’s crucial to watch its movement closer to the Indian market open.
FII and DII Data (Cash Market – June 10, 2025):
- FIIs (Foreign Institutional Investors): Net Buyers: +₹2,301.87 Crores in the cash market. This is a positive sign, indicating continued foreign inflows into Indian equities.
- DIIs (Domestic Institutional Investors): Net Buyers: +₹1,113.34 Crores in the cash market. DIIs continue to provide strong domestic support to the market.
FII Long and Short Contracts (Index Futures – June 10, 2025):
- FII Index Futures Long Contracts (Buy): 16,087 contracts
- FII Index Futures Short Contracts (Sell): 19,229 contracts
- Net Position: FIIs are net short by 3,142 contracts in index futures.
- Long-Short Ratio: Approximately 0.836 (16,087 / 19,229).
- Implication: This indicates a net bearish or cautious stance from FIIs in the derivatives segment for the very short term. While they were net buyers in the cash segment, their futures positioning suggests a hedging strategy or expectation of some consolidation/minor correction. A sustained upward move in Nifty could lead to short covering.
Nifty 50 Support and Resistance Levels (for June 11, 2025):
- Previous Close (June 10, 2025): 25,104.25
- Key Support Levels:
- Immediate: 25,050 / 25,000
- Stronger: 24,950 / 24,600
- Key Resistance Levels:
- Immediate: 25,100 / 25,160
- Higher: 25,200 / 25,250 / 25,350-25,400
Bank Nifty Support and Resistance Levels:
- Previous Close (June 10, 2025): 56,839.60
- Key Support Levels:
- Immediate: 56,700 / 56,500
- Stronger: 56,300-56,400 / 56,100
- Key Resistance Levels:
- Immediate: 56,800 / 56,900
- Higher: 57,120 / 57,200 / 57,700-57,900
News & Updates:
- RBI Liquidity Management: RBI will discontinue daily Variable Rate Repo (VRR) auctions starting today (June 11, 2025) due to a liquidity surplus in the banking system. This indicates comfortable liquidity.
- Earnings & Corporate News:
- Jana Small Finance Bank: Shares up 5% on seeking RBI nod for universal bank status.
- L&T: Secured major orders for its power transmission & distribution business worth Rs 5,000-10,000 crore.
- DMart (Avenue Supermarts): Shares fell 4% after a significant block deal (16 lakh shares) at a discount. Q4FY25 net profit declined.
- Reliance Power: Shares jumped after its subsidiary signed a 25-year power deal for a solar project.
- ITD Cementation: Hit 52-week high after securing an Rs 8.9 billion contract for an Odisha Jetty project.
- Zee Entertainment: Shares rose over 6% on strategic partnership with startup Bullet to launch India’s first micro-drama app.
- IPO Market: Jainik Power Cables IPO (SME) subscription started. Sacheerome IPO (SME) saw strong demand. Oswal Pumps Limited IPO (mainboard) is slated to open on June 13-17.
- Sector Watch (as of previous close):
- Gainers: Power, Industrial Gases & Fuels, Software & IT Services.
- Losers: Realty, Telecommunication.
- Mid & Smallcap Outperformance: While large-cap indices remained subdued, BSE Midcap and Smallcap indices ended higher yesterday.
Trading View: The market is likely to remain in a consolidation phase. The positive FII and DII cash flow provides a cushion, but FIIs’ net short position in futures suggests a cautious short-term outlook. Traders should monitor Nifty’s reaction around the 25,100-25,160 resistance zone and the 25,000-24,950 support zone. A breakout above or breakdown below these levels could dictate the day’s trend. Global cues and any significant news flow will be key.
Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investors should consult with a qualified financial advisor before making any investment decisions.