Mid-Day Market Pulse: June 2, 2025
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
As the clock ticks past mid-day on 02th June 2025, the Indian equity markets are holding firm despite global caution ahead of US GDP data. Domestic indices are exhibiting resilience, particularly Nifty 50, Bank Nifty, and Fin Nifty, all maintaining key support zones. Market breadth remains positive with midcaps outperforming.
As of 12:5PM IST, the Indian stock market exhibits a mixed trend:
- Nifty 50: Opened at 24,669; currently at 24,673.
- Bank Nifty: Opened at 55,598.25; currently at 55,708.
- Fin Nifty: Opened at 26,645; currently at 26,371.
📊 Sectoral Performance
- Public Sector Banks (PSBs): Notable gains observed in stocks like Bank of Maharashtra, UCO Bank, and Indian Overseas Bank, each rising up to 6%
- Private Sector Banks: Mixed performance with some stocks showing resilience.
- Financial Services: Fin Nifty under pressure, primarily due to declines in key constituents.
- Midcaps: Selective buying in stocks like GMR Airports, which rose by 2.07% .
🔍 Technical Indicators
- Nifty 50:
- RSI: Approximately 45.3, indicating neutral momentum.
- MACD: Around -24.5, suggesting a bearish crossover.
- Price Action: Trading near opening levels, facing resistance around 24,930.
- Bank Nifty:
- RSI: Approximately 57.5, indicating bullish momentum.
- MACD: Around 96.0, showing a strong bullish crossover.
- Price Action: Maintaining an upward trajectory, testing resistance near 56,000.
- Fin Nifty:
- RSI: Approximately 43.5, indicating weakening momentum.
- MACD: Around -9.1, suggesting a bearish crossover.
- Price Action: Facing resistance near 26,645, with support around 26,300.
🔥 Top 5 Intraday Stocks
- Bank of Maharashtra (₹57.39): Up 6.32%; strong volume surge.
- Yes Bank (₹22.71): Up 5.73%; significant buying interest.
- Union Bank (₹152.75): Up 4.06%; positive momentum.
- Indian Bank (₹639.85): Up 3.77%; steady gains.
- Prestige Estate (₹1,521.20): Up 3.72%; robust performance in real estate sector .
🌐 FII & DII Activity
Foreign Institutional Investors (FIIs) have been net sellers, offloading ₹1.27 lakh crore in FY2025. In contrast, Domestic Institutional Investors (DIIs) remain bullish, providing support to the market .
📝 Summary
The market shows a cautious tone with selective sectoral movements. Traders should monitor key support and resistance levels, along with RSI and MACD indicators, to make informed decisions.
Note: The above analysis is based on current market data and technical indicators. Market conditions can change rapidly, and it’s essential to stay updated with real-time information.
📝 Mid Day Takeaway from CapitalKeeper
Intraday traders should manage risk as expiry-related volatility increases
Banking & Auto stocks driving market positivity
Nifty & Fin Nifty sustaining intraday support, hinting at strong close
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