Nifty 50 Hits 8-Month High; SEBI Investigates Jane Street's Trades
Key Takeaways
- Nifty hit an 8-month high, driven by bank stocks on June 9-10, 2025.
- Bank Nifty reached a record intraday high, surpassing 57,000 on June 9-10, 2025.
- SEBI investigates Jane Street's derivative trades for potential NSE Nifty 50 manipulation.
- Jio Financial, Kotak Bank gained; Eternal, ICICI Bank lost in Nifty50 on June 9.
- Five Nifty50 firms reported over 75% YoY profit growth, excluding loss-making firms.
Top Stories
Nifty hits 8-month high, bank stocks lead surge
On June 9 and 10, 2025, the Nifty reached an eight-month high, driven by bank stocks and positive global and domestic cues. The Bank Nifty also achieved a record intraday high, surpassing 57,000 for the first time.
Nifty hits 8-month high, bank stocks lead surge
On June 9 and 10, 2025, the Nifty reached an eight-month high, driven by bank stocks and positive global and domestic cues. The Bank Nifty also achieved a record intraday high, surpassing 57,000 for the first time.
SEBI investigates Jane Street's derivative trades
On June 9, 2025, SEBI initiated an investigation into Jane Street's derivative trades over the past three years, including its Singapore and India units, to assess potential manipulation of benchmark stock indexes like the NSE Nifty 50. This investigation was prompted by high profits and complaints from other firms, leading SEBI to enhance monitoring of intraday positions and draft a mechanism with stock exchanges to detect large concentrated trades in index stocks.
Nifty50: Top gainers, losers on June 9
On June 9, 2025, Jio Financial Services, Kotak Bank, Bajaj Finance, Trent, and Axis Bank were among the top gainers in the Nifty 50 index, while Eternal, ICICI Bank, Titan Company, M&M, and Adani Ports SEZ experienced losses. Overall, 39 shares in the Nifty50 index closed in the green, while 11 ended in the red.
Nifty50 firms report over 75% YoY profit growth
According to data published on June 9, 2025, approximately five companies within the Nifty50 index reported quarterly net profit growth exceeding 75% year-over-year, excluding companies that experienced losses.
Market Snapshot
Nifty 50 soars, driven by RBI, global cues
On June 9, 2025, the Sensex and Nifty 50 continued their upward trend for the fourth consecutive day, fueled by RBI's policy support, global cues, and progress in India-U.S. trade talks. The Nifty reached 25,103.20, marking a rise of 93.30 points or 0.37 percent, while the Sensex concluded at 82,445.21.
Nifty moves in tight range, ends slightly below 15,700
On June 9, 2025, the Nifty traded within a narrow range of 82 points, ultimately closing slightly below the 15,700 level.
Trading Tips
Intraday trading guide for Nifty50 stocks provided
On June 10, 2025, a trading guide offered intraday support and resistance levels for Nifty50 stocks, incorporating entry, stop-loss, and exit levels based on technical analysis, while also highlighting the associated risk of loss.