Indian Stock Market Soars; Reliance Industries Leads Gains
Key Takeaways
- Top 10 firms' market cap surged by ₹1,00,850 crore last week, led by Reliance and HDFC.
- Reliance Industries' market cap increased the most (₹30,786.38 crore); TCS declined (₹28,510.53 crore).
- FIIs net sellers (₹3,565 cr), DIIs buyers (₹25,510 crore) in early June, stabilizing the market.
- RBI implemented a 50 bps repo rate cut, boosting market sentiment and investor confidence.
- LKP Securities suggests buying National Aluminium around ₹188, targeting ₹200 with a stop-loss at ₹183.
Top Stories
Top 10 firms' market cap surged by ₹1,00,850 crore.
On 2025-06-08, it was reported that Indian equity markets surged last week, with nine of the top ten most-valued companies adding over Rs 1,00,850 crore to their market capitalization. Reliance Industries and HDFC Bank led the gains, while TCS was the only firm to see a decline.
Reliance Industries' market cap increased by ₹30,786.38 crore.
According to a report published on 2025-06-08, Reliance Industries saw the largest increase in market capitalization, adding Rs 30,786.38 crore to reach Rs 19,53,480.09 crore.
TCS's market valuation decreased by ₹28,510.53 crore.
According to a report published on 2025-06-08, Tata Consultancy Services (TCS) was the only top firm to experience a decline, with its market valuation decreasing by Rs 28,510.53 crore to Rs 12,24,975.89 crore.
TCS laggard, Reliance, HDFC gainers in top-10 pack last week.
Last week, from the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers, published on 2025-06-08.
Early June: FIIs net sellers (₹3,565 cr), DIIs buyers.
Published on 2025-06-08, in early June 2025, FIIs turned net sellers, offloading Rs 3,565 crore in equities until 2025-06-06, while DIIs bought Rs 25,510 crore worth of stocks, stabilizing the market.
RBI implemented a 50 bps repo rate cut.
Published on 2025-06-08, the Reserve Bank of India implemented a 50 basis point repo rate cut, boosting market sentiment. On 2025-06-08, Indian benchmark indices closed with strong gains, supported by the RBI’s 50 bps repo rate cut.
Geojit: RBI rate cut boosts investor confidence.
On 2025-06-08, Vinod Nair (Head of Research, Geojit Investments Ltd) suggested that the RBI's aggressive rate cut, supported by cooling inflation and a steady GDP outlook, is likely to bolster investor confidence amidst global uncertainties.
LKP Securities: Buy National Aluminium around ₹188, target ₹200.
On 2025-06-08, Rupak De of LKP Securities suggested buying National Aluminium around Rs 188, targeting Rs 200 with a stop-loss at Rs 183.
IPO Buzz
Jainik Power Cables IPO opens June 10, closes June 12.
Published on 2025-06-08, Jainik Power Cables IPO opens Tuesday, June 10, and closes June 12. Price band: Rs 100–110. The issue will list on the NSE.
M1xchange plans IPO in 3-5 years, Filter Capital invested.
On June 8, 2025, it was reported that M1xchange, an RBI-licensed Trade Receivables Discounting System (TReDS) platform, is planning to go public in the next 3-5 years, aiming to close the financial year with a business of Rs 1.25 lakh crore. CEO Sundeep Mohindru mentioned the IPO depends on market conditions.
Four companies launching IPOs, aiming to raise ₹300 crore.
On June 8, 2025, it was reported that the week starting June 9, 2025, is expected to sustain India’s primary market momentum, with four companies launching IPOs aiming to collectively raise over Rs 300 crore.
Sacheerome IPO opens June 9, closes June 11.
Published on 2025-06-08, Sacheerome IPO opens Monday, June 9, and closes June 11. Price band: Rs 96–102. The issue will list on the NSE.
Jainik Power and Cables’ IPO opens June 10.
On June 8, 2025, it was reported that Jainik Power and Cables’ IPO opens on June 10, 2025, and closes on June 12, targeting the NSE SME platform with an issue size of Rs 51.30 crore.
Sacheerome IPO opens June 9, closes June 11.
On June 8, 2025, it was reported that Sacheerome will open its IPO on June 9, 2025, and close on June 11, with shares to be listed on the NSE SME platform.
Oswal Pumps IPO launches June 13, listing on BSE/NSE.
On June 8, 2025, it was reported that Oswal Pumps is launching its IPO on June 13, 2025, with subscriptions open until June 17. The shares will be listed on both BSE and NSE.
Monolithisch India IPO opens June 12, aims to raise ₹82.02cr.
On June 8, 2025, it was reported that Monolithisch India aims to raise up to Rs 82.02 crore with its IPO, opening on June 12, 2025, and closing on June 16. The IPO will be listed on the NSE SME platform.
Ganga Bath Fittings shares to list on NSE SME June 11.
On June 8, 2025, it was reported that shares of Ganga Bath Fittings will be listed on the NSE SME platform on June 11, 2025.
Analyst Insights
Motilal Oswal: Earnings growth likely to bottom in Q2 FY26.
Motilal Oswal: Market may consolidate after Q4 showing.
Sneha Poddar reported on 2025-06-08 that the market may be entering a period of consolidation after a better-than-expected Q4 showing.
LKP Securities: Buy IIFL Finance around ₹450, target ₹485.
On 2025-06-08, Rupak De from LKP Securities recommended buying IIFL Finance around Rs 450, with a target of Rs 485 and a stop-loss at Rs 433.
LKP Securities: Buy Oberoi Realty around ₹1,900, target ₹2,050.
On 2025-06-08, Rupak De of LKP Securities suggested buying Oberoi Realty around Rs 1,900, targeting Rs 2,050 with a stop-loss at Rs 1,830.
Choice: Buy NAM-India at ₹790, target ₹890/₹900.
On 2025-06-08, Mandar Bhojane from Choice Equity Broking recommended buying NAM-India at Rs 790, targeting Rs 890/Rs 900 with a stop-loss at Rs 760.
Choice: Buy Bandhan Bank at ₹173.55, target ₹190/₹195.
On 2025-06-08, Mandar Bhojane of Choice Equity Broking suggested buying Bandhan Bank at Rs 173.55, targeting Rs 190/Rs 195 with a stop-loss at Rs 164.
Choice: Buy Jindal Stainless at ₹694.7, target ₹800/₹820.
On 2025-06-08, Mandar Bhojane from Choice Equity Broking recommended buying Jindal Stainless at Rs 694.7, targeting Rs 800/Rs 820 with a stop-loss at Rs 645.
Motilal Oswal: Real earnings momentum in H2 FY26.
Sneha Poddar reported on 2025-06-08 that real earnings momentum is likely to take hold in the second half of FY26.
Motilal Oswal: FY26 improvement due to weak FY25 base.
Sneha Poddar reported on 2025-06-08 that from FY26, things will improve due to the base effect of a weak FY25.
Company Beat
Tata & Adani stocks to trade ex-dividend this week.
Published on 2025-06-08, investors will be closely watching five Tata Group stocks and five Adani Group stocks that will trade ex-dividend this week, starting 2025-06-07.
India seeks expedited Chinese approvals for rare earth magnets.
On 2025-06-08, it was reported that the Indian automobile industry is seeking government intervention to expedite Chinese approvals for rare earth magnet imports, which are crucial for electric vehicles and car components, due to restrictions imposed by China on rare earth element exports causing supply chain disruptions. This could indirectly impact related stock performance.
Market Movers
Bajaj Finance's valuation increased by ₹12,322.96 crore last week.
Published on 2025-06-08, Bajaj Finance added Rs 12,322.96 crore last week, taking its valuation to Rs 5,82,469.45 crore.
ICICI Bank's market cap rallied ₹9,790.87 crore last week.
Published on 2025-06-08, the market capitalisation (mcap) of ICICI Bank rallied Rs 9,790.87 crore to Rs 10,41,053.07 crore last week.
Hindustan Unilever's mcap zoomed ₹9,280.89 crore last week.
Published on 2025-06-08, Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore last week.
Bharti Airtel's market valuation climbed ₹7,127.63 crore last week.
Published on 2025-06-08, the market valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore last week.
HDFC Bank's market valuation rose by ₹26,668.23 crore.
As reported on 2025-06-08, HDFC Bank's market valuation increased by Rs 26,668.23 crore to Rs 15,15,853.85 crore.
LIC's market valuation advanced ₹3,953.12 crore last week.
Published on 2025-06-08, the market valuation of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore last week.
Market Outlook
Indian markets expected to rise; US-India trade optimism.
According to a report published on 2025-06-08, Indian markets are expected to rise due to the RBI's rate cut and optimism about a potential US-India trade agreement. However, global factors like US tariffs and geopolitical tensions could cause volatility.
Indian benchmark indices gained 1% last week.
Published on 2025-06-08, Indian benchmark indices gained 1% for the week, marking their third consecutive weekly advance. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent.
India: Resilient economy, 6% growth, high valuations a concern.
Published on 2025-06-08, VK Vijayakumar of Geojit Financial Services noted that India stands out as a resilient economy that can deliver over 6% growth in FY26, but high valuations remain a concern.
Nifty poised for breakout above 25,200.
Published on 2025-06-08, Ajit Mishra from Religare Broking suggested that the Nifty is poised for a breakout above 25,200, which could open the door to further gains, while support remains strong around 24,400–24,600.
Market positives: Oil correction, inflation decrease, rate cuts.
As of 2025-06-08, market positives include a 25% correction in oil prices, nearly 100 bps decrease in inflation, rate cuts, eased liquidity, and a 5–7% salary hike for urban consumers via the Budget.
FIIs bought ₹1,009.71 crore, DIIs bought ₹9,342.48 crore.
Published on 2025-06-08, FIIs bought shares worth Rs 1,009.71 crore, while DIIs were net buyers to the tune of Rs 9,342.48 crore on 2025-06-07.
Monitor CPI inflation, monsoon progress for demand trends.
Published on 2025-06-08, investors are expected to monitor key macroeconomic data, particularly CPI inflation, and the progress of the monsoon, both of which could influence rural consumption trends. On 2025-06-08, Ajit Mishra (SVP, Research, Religare Broking Ltd) stated that market participants will focus on key macroeconomic data, including CPI inflation, monsoon progress, and trade negotiations, to gauge demand trends and the central bank's next steps.
Indian equities to consolidate in 5% range: Edelweiss MF.
On 2025-06-08, Edelweiss MF's Trideep Bhattacharya said Indian equities are expected to consolidate in a narrow 5% range over the next few months, with earnings revival in H2FY26. Key sectors are consumption, financials, and defence, with selective midcap exposure advised.
Largecaps near 10-year average, mid/smallcaps at premium.
As of 2025-06-08, largecaps are at or 5% above their 10-year average, while mid and smallcaps are at a 17% to 25% premium, advising selectivity for mid and smallcaps.
Sectors of interest: Financials, defence, neutral on IT.
As of 2025-06-08, sectors of interest include financials (particularly NBFCs), defence (due to potential export opportunities), and a gradual shift to neutral on IT services. Consumption is considered a "dark horse" for 2025.
Top Performers
BSE's most actively traded stocks: Cochin Shipyard led.
On 2025-06-07, the most actively traded stocks on the BSE by value were Cochin Shipyard (Rs 4,533 crore), BSE (Rs 3,061 crore), HDFC Bank (Rs 2,977 crore), Bajaj Finance (Rs 1,834 crore), Axis Bank (Rs 1,742 crore), Eternal (Rs 1,727 crore), and ICICI Bank (Rs 1,686 crore), according to a report published on 2025-06-08.
NSE's top stocks by volume: Vodafone Idea led.
On 2025-06-07, the top stocks by trading volume on the NSE were Vodafone Idea (39.88 crore shares), Reliance Power (13.64 crore), IDFC First Bank (12.17 crore), YES Bank (11.21 crore), JP Power (9.26 crore), Suzlon Energy (7.59 crore), and Eternal (6.62 crore), as reported on 2025-06-08.
Stocks with strong buying interest: Godrej Industries, IDFC First.
Shares of Godrej Industries, Neuland Labs, Ramkrishna Forgings, Century Textiles, Cholamandalam Financial Holdings, IDFC First Bank, and ICICI Lombard saw strong buying interest on 2025-06-07, according to a report published on 2025-06-08.
119 stocks hit 52-week highs on 2025-06-07.
On 2025-06-07, over 119 stocks, including HDFC Bank, reached their 52-week highs, while 43 stocks fell to their 52-week lows, as reported on 2025-06-08.
Stocks facing selling pressure: ABB Power, Jyoti CNC.
Stocks such as ABB Power, Jyoti CNC Automation, Zen Technologies, GRSE, Lloyds Metals, GE T&D India, and Gillette India faced significant selling pressure on 2025-06-07, according to a report published on 2025-06-08.