Opening Bell – Indian Stock Market Today | June 5, 2025
By CapitalKeeper | Market Opening | Indian Equities | Market Moves That Matter
Bulls Regain Strength as Nifty Opens Above 24,600; Focus Shifts to RBI Policy and Global Cues
The Indian stock market opened on a strong note on Thursday, 05 June 2025, mirroring a short-covering rally after three days of consistent selling pressure. Nifty50 opened at 24,691.20, sharply higher from Wednesday’s close of 24,260.20, supported by overnight strength in U.S. equities and easing crude oil prices.
Sensex opened at 81,196.08, up nearly 200 points, while Bank Nifty maintained flat bias at 55,676.85, matching yesterday’s close. FIN Nifty, which is often a barometer of broader financial sentiment, opened marginally higher at 26,329.35.
Global cues continue to dictate sentiment, with U.S. 10-year yields retreating and Dow Futures trading slightly positive. Asian markets are trading mixed ahead of today’s ECB meeting and Friday’s U.S. NFP jobs data.
🧭 Key Technical Levels – 05 June 2025
- Nifty50:
- Resistance: 24,700
- Support: 24,500
- Bank Nifty:
- Resistance: 55,200 and 56,000
- Support: 54,800
- FIN Nifty:
- Immediate Hurdle: 26,450
- Support Zone: 26,150
⚠️ Weekly close below 24,300 in Nifty can lead to further consolidation. Watch out for volatility post-RBI policy outcome.
🔎 Sectoral Overview
✅ Outperforming Sectors:
- IT Sector: Bouncing back as rupee weakness favors export-heavy tech names.
- Pharma: Early signs of sectoral rotation indicate potential leadership ahead of monsoon. Watch for breakout setups.
- Consumer Staples: Buying visible in defensive names like Hindustan Unilever and Tata Consumer.
🚫 Underperforming Sectors:
- Metals: Global cues remain weak; China slowdown and weak base metal prices weigh heavy.
- Auto: Mild profit booking visible after recent rally; M&M and HeroMotoCorp under pressure.
⚡ Top 5 Intraday Stocks to Watch (With CMP)
- Tata Elxsi – ₹7,320
Sharp bounce from support; eyes ₹7,500 level with momentum buildup. - Divi’s Labs – ₹3,655
Pharma theme + bullish engulfing candle = high potential breakout. - Axis Bank – ₹1,095
Strong consolidation zone; above ₹1,100 could trigger momentum. - Tata Power – ₹292.80
Energy theme active; ready to reclaim ₹300 with volume confirmation. - Infosys – ₹1,465
IT turnaround play; strong reversal pattern with RSI crossover above 50.
🌐 Global Cues to Watch Today
- 📉 US Bond Yields cooling off = positive for Indian equities
- 🛢 Brent Crude around $76 = good news for inflation-sensitive sectors
- 🇨🇳 China Services PMI soft at 51.0 – cautious view on metal demand
- 💬 ECB commentary and India RBI policy preview may trigger intra-day volatility
📝 Conclusion
With a powerful gap-up open, bulls have regained some lost ground. However, sustained trade above 24,700 on Nifty is essential for fresh upside. Keep a close eye on Bank Nifty’s 56,000 mark, as a breakout could push broader indices higher. Defensive sectors like Pharma and IT could lead today’s action.
Stay nimble, trade with levels, and monitor global cues closely.
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🧠 Pro Tip for Today
“Avoid chasing gap-ups. Let the first 30–45 minutes settle the direction. Focus on breakouts from consolidation zones in high-beta sectors.”
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🧠 CapitalKeeper’s View
The market continues to show resilience. Traders should maintain a cautiously bullish outlook. Sector rotation is playing a major role, and volatility may increase toward F&O expiry. Focus on technically sound breakouts and avoid chasing extended rallies.
✅ Pro Tips for Today
Keep an eye on global economic events
Stick to support/resistance zones
Avoid over-leveraging on expiry week
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