Stock Market Highlights: Nifty 50 holds on to levels above 25,100, gains for sixth straight day

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Market Closes Mixed With Benchmarks Outperforming Broader Mkts

Mkt Breadth Favours Advances Despite A Close In The Red For Midcap Index

Sensex Rises 123 Points To 82,515 & Nifty 37 Points To 25,141

Nifty Bank Falls 169 Points To 56,460 & Midcap Index 293 Points To 59,388

IT Stocks Lend Support To Mkt While Financials Drag, Nifty IT Up 1%

Oil & Gas Stocks See All-round Gains With Sectoral Index Rising 1.4%

US Oil Body EIA Expects Brent To Fall To $59 By 2026, OMCs Up 3-4%

IEX Is Top Midcap Loser, Slides 8% On Rpts Related To Market Coupling

BSE Is Under Pressure As Volumes Come Down In Last Few Days, Down 4%

USL Slides 7% As Maharashtra Govt Hikes Excise Duty On Liquor

Oil India Rises 7% As A Brokerage Note Indicates 80% Earnings Growth In 3 Yrs

Sula Gains 8% As Maharashtra Govt Exempts Wine From Excise Hike

Wipro Ends The Day With A Gain Of 2% After 2% Equity Sees Change Of Hands

AB Cap Gains Over 1% After A Change Of Hands For 1% Equity In Block Deal Window

Jio BlackRock Investment Advisers Private Limited (JBIAPL), the investment advisory arm of Jio Financial Services and BlackRock’s joint venture, has secured certificate of registration from SEBI to operate as an investment adviser in the country.

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SBI General Insurance has named Mohd. Arif Khan as its new Deputy Chief Executive Officer. A seasoned banker, Khan started his career at State Bank of India (SBI) in 2000 and has held senior roles in retail banking, training, and core banking systems. Before this, he was General Manager, Network-I, at SBI’s Thiruvananthapuram office. here

India’s auto sector faces potential disruption due to a global rare earth magnet shortage, critical for both electric vehicle (EV) and internal combustion engine (ICE) vehicle production. With China controlling over 90% of the supply and favouring European automakers, Indian manufacturers may face delays. Autocar India’s Hormazd Sorabjee compares the situation to “the semiconductor crisis on steroids,” warning of possible production halts. here

here#FromBloomberg | NSDL is said to plan $400 million IPO for July

????Alert: #NSDL is National Securities Depository Ltd pic.twitter.com/Nd9oJ2Qs7H

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

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CRISIL Ratings revised the long-term outlook for VIP Industries’ bank loans from “stable” to “negative” due to weaker growth and falling average selling prices. However, the agency reaffirmed its existing long-term (CRISIL AA-/Negative) and short-term (CRISIL A1+) ratings. Despite the downgrade, the stock rose in trade. here

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18.05 crore shares (1.77% Eq) worth ₹4,675 crore change hands at ₹259 per share in the block deal window.

#StarCement says, not availing any subsidy or benefit under any scheme of West Bengal government https://t.co/bMomMu2vhE pic.twitter.com/r1tDKTZJhy

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

Orkla India, which owns MTR Foods and Eastern Condiments, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The proposed issue is a complete offer for sale of 2.28 crore equity shares to raise funds. Read for more

Market Watch: Jay Thakkar of ICICI Securities

Buy GAIL for a target price of ₹210-215 with a stop loss of ₹194.50

Buy Nalco for a target price of ₹205 with a stop loss of ₹185#CNBCTV18Exclusive | Power Minister to conduct Stakeholder Consultation on market coupling, government sources to CNBC-TV18 pic.twitter.com/US7dBUwbQp

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

Shares of the Bombay Stock Exchange (BSE) Ltd. fell as much as 5% after the stock was added to stage-1 of the Additional Surveillance Measures (ASM) framework. here

Minda Corp signed a joint venture agreement with Japan’s Toyodenso to manufacture and sell advanced automotive switches in India. The JV will operate through a newly incorporated entity. Following the announcement, Minda Corp shares showed volatile movement on June 11. here

Shares of IEX have seen a sharp fall from the highs of the day, currently 7.7% lower at ₹193.7.

The much-awaited market coupling of power exchanges may witness some development as government sources have told CNBC-TV18 that Power Minister Manohar Lal may conduct consultations with stakeholders on the issue to apprise them about the benefits of market coupling.

Devang Mehta, Director–Equity Advisory, Spark Private Wealth Management

On financials: “In the last 4-5-6 months, while the recovery was led by a lot of other sectors as well, financials led the recovery, and most of the banks that underperformed over the last three-four years, be it HDFC Bank, Kotak Mahindra Bank, or even ICICI Bank, they all did extremely well.

Over here, what one needs to monitor is that there are other sectors that are part of the financials. Today, India’s BFSI sector, in terms of market cap, would be around Rs 110-115 lakh crore out of ₹450 lakh crore, which is around 25% of the market cap. So, would banks do well.

Yes, over the next five years, they would give 12-14% CAGR. But private financials like certain NBFCs, wealth management companies, here the growth rates can be 18-22-25% in certain cases. So, I would place more bets. Yes, we would probably buy banks, but we will buy other financials with lot more conviction than banks.”

#CNBCTV18Market | #GMDC off lows after sources say govt exploring leveraging #PSUs for rare-earth magnets production, up nearly 2% https://t.co/gctbM0xi4k pic.twitter.com/V2iq4oqoOO

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

Devang Mehta of Spark Private Wealth highlights three key investment themes—Capex, Consumption, and Credit growth. He sees strong potential in capital goods ancillaries and engineering firms benefiting from India’s manufacturing push. On consumption, he favours discretionary plays like travel, tourism, and organised retail. For credit, he expects banks, NBFCs, and wealth management firms to benefit from expanding financial penetration and rising investments.

Pritesh Mehta, EVP of Yes Securities

Buy Biocon for a target price of ₹385 with a stop loss of ₹335

Buy LIC Housing Finance for a target price of ₹720 with a stop loss of ₹590

Gold prices in India edged up on June 11, gaining ₹180 to ₹97,082 per 10 grams. The rise was supported by a steady US dollar and positive global cues. Intraday prices ranged between ₹97,011 per 10 grams and ₹97,315 per 10 grams. here

BSE Ltd Is Added To the Additional Surveillance Measure List

For at least the next one to two years, Vodafone Idea‘s survival is not at risk, thanks to the recent equity conversion of spectrum dues, said Gaurav Malhotra, Executive Director at Axis Capital. He added that there is scope for further conversion of spectrum-related liabilities into equity over time. here

Amid the crises surrounding the shortage of rare earth metals, the Govt is exploring how India Rare Earths Ltd can be leveraged for the production of rare earth magnets, sources told CNBC TV18.

Officials are also exploring how domestic capacity can be built with private sector collaboration with India Rare Earths Ltd, a Govt of India PSU