MID-DAY Market Update – 04 June 2025
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
Indian Indices Stable Amid Global Caution; Pharma Sector Gears for Outperformance
Indian stock markets are witnessing a steady yet cautiously optimistic session on 04 June 2025, with key indices trading slightly higher by mid-day. Despite global uncertainties, market sentiment remains balanced. Pharma stocks are emerging as potential outperformers and could lead gains over the next 5 sessions until 11 June.
📊 Index Snapshot (Mid-Day Levels)
| Index | Open | Current | Change |
|---|---|---|---|
| Nifty 50 | 24,560 | 24,606 | 🔼 +46 pts |
| Sensex | 80,777 | 80,958 | 🔼 +181 pts |
| Bank Nifty | 55,650 | 55,654 | 🔼 +4 pts |
| Fin Nifty | 26,254 | 26,285 | 🔼 +31 pts |
The market breadth has improved slightly, with FMCG, Pharma, and Auto stocks seeing selective buying interest.
🌐 Global Cues – Mixed But Not Risk-Off Yet
- Wall Street Overnight: Nasdaq gained modestly on AI stock momentum; Dow remained flat.
- Asia: Nikkei and Kospi trading cautiously ahead of U.S. employment data.
- Crude Oil: Stable at $72.85 per barrel – OPEC+ signals production support.
- Dollar Index: Hovers around 105.10; Rupee trades near 83.25.
🔍 Sectoral Trends – Pharma Shows Signs of Early Breakout
🔼 Gaining Sectors:
- Pharma: Building strength quietly; stocks like Cipla, Lupin, Sun Pharma advancing with improving volumes and RSI > 55 on hourly charts.
- FMCG: Defensive buying continues, led by Tata Consumer and ITC.
- Auto: Mild positive bias as M&M and Tata Motors hold firm.
🔻 Lagging Sectors:
- IT: Facing mild resistance on global tech volatility.
- Metals: Profit booking in JSW Steel and Tata Steel; China macro data still weak.
🧪 Note: “Pharma sector might start to outperform in the next 5 working days till 11th June.”
📉 Technical Outlook
Nifty 50
- Support: 24,520 / 24,460
- Resistance: 24,670 / 24,730
- RSI: 53 – neutral to positive
- MACD: Flatline; awaiting directional bias
Bank Nifty
- Support: 55,400 / 55,100
- Resistance: 55,900
- RSI: 50 – neutral
- Price Action: Holding above 20-EMA on hourly, but weak momentum
🔥 5 Active Intraday Stocks – Mid-Day Picks
- Cipla (₹1,475.90)
- Strong volume breakout from consolidation
- Target: ₹1,495 | SL: ₹1,622
- Tata Consumer (₹1,126.40)
- Sustaining momentum post-gap up
- Target: ₹1,145 | SL: ₹1,113
- M&M (₹3,051.50)
- Stable structure; bullish flag forming
- Target: ₹3,090 | SL: ₹3,020
- Axis Bank (₹1,173.10)
- Tight range; breakout expected above ₹1,168
- Target: ₹1,185 | SL: ₹1,155
- Lupin (₹1,938.20)
- RSI <40 on hourly; bullish crossover seen
- Target: ₹2,090 | SL: ₹1,910
📊 FII & DII Activity (Morning Data)
- FIIs: Mild selling seen in index futures; cautious positioning continues
- DIIs: Net buyers in cash market; inflows into Pharma, Auto, and FMCG
- Overall institutional flow remains range-bound ahead of U.S. job data and RBI policy meet
🔚 Conclusion
The Indian stock market is holding steady in mid-day trading with selective sector participation. Technical charts are hinting at a consolidation phase, with Pharma likely to emerge as a breakout leader.
With macro events lined up globally, traders should watch key support levels while staying aligned with stock-specific momentum plays.
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