Mumbai, June 9:
The Indian stock market opened higher on Monday with support from positive global cues. Buying interest was strong in IT, PSU banks, and auto sector stocks during early trade.

By 9:26 AM, the Sensex was up by 379.01 points (0.46%) at 82,568, and the Nifty gained 116.15 points (0.46%), reaching 25,119.20. The Nifty Bank rose 273.35 points (0.48%) to 56,851.75, while Nifty Midcap 100 increased 395.65 points (0.67%) to 59,405.95. The Nifty Smallcap 100 was up 129.45 points (0.70%) at 18,711.90.

Experts say the RBI’s recent policy support may keep market sentiment strong in the short term, but sustainable growth will depend on company earnings. Dr. VK Vijayakumar from Geojit Investments said Q4 results showed better growth in midcap stocks, but FY26 earnings must improve for the market to continue rising. Top gainers on the Sensex included Bajaj Finance, Axis Bank, IndusInd Bank, Kotak Mahindra Bank, and Infosys, while Titan, Tata Steel, and Eternal were among the top losers.

The Nifty may find support around 25,000, and key resistance levels are at 25,100, 25,200, and 25,300. Traders are advised to remain cautious due to global uncertainties and avoid large overnight positions. On June 6, FIIs bought ₹1,009.71 crore worth of shares, while DIIs bought ₹9,342.48 crore, continuing their strong buying trend.

In Asia, markets in Hong Kong, Bangkok, China, Seoul, and Japan traded in green. In the U.S., the Dow Jones gained 443.13 points (1.05%), S&P 500 rose 1.03%, and Nasdaq added 231.51 points (1.20%), reflecting strong investor sentiment globally.