Indian markets close higher with marginal gains on Wednesday

Indian equity markets came off day’s highs and closed the session with marginal gains on Wednesday as investors looked ahead to the release of U.S. consumer inflation data later in the day and India’s retail inflation data to be out on June 12 for direction. After marking a positive start, markets gained traction and touched intraday highs amid easing trade war tensions after top U.S. and Chinese officials agreed upon a ‘framework’ to move forward on trade, following two days of high-level talks in London. Foreign fund inflows also aided domestic sentiments. However, in afternoon session, markets witnessed some profit taking and settled the session flat with positive bias. 

Some of the important factors in today’s trade:

Foreign fund inflows: According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 2,301.87 crore on June 10, 2025.

Commerce Minister calls Swiss industry to partner in India’s growth story: Some optimism came as Union Minister of Commerce and Industry, Piyush Goyal has invited the Swiss business community to be active partners in India’s journey towards becoming a $30-35 trillion economy by 2047.

India-US trade pact to provide opportunity to expand economic ties: Some support also came as Commerce and Industry Minister Piyush Goyal has said that the proposed bilateral trade agreement between India and the US will provide both the countries with an opportunity to expand and strengthen trade ties.

World Bank retains India's economic growth projection at lower level of 6.3% for 2025-26: Some cautiousness was there in the markets as World Bank has retained its India's economic growth projection at a lower level of 6.3 per cent for 2025-26 due to pressure on exports emanating from global uncertainties.

Global front: European markets were trading higher, while Asian markets ended mostly in green reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.

Finally, the BSE Sensex rose 123.42 points or 0.15% to 82,515.14 and the CNX Nifty was up by 37.15 points or 0.15% to 25141.40.  

The BSE Sensex touched high and low of 82,783.51 and 82,308.91 respectively. There were 16 stocks advancing against 14 stocks declining on the index.

The broader indices ended mixed; the BSE Mid cap index fell 0.12%, while Small cap index was up by 0.06%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 1.83%, Energy up by 1.33%, IT up by 1.25%, TECK up by 1.01% and Healthcare up by 0.74%, while Power down by 0.81%, Utilities down by 0.76%, FMCG down by 0.56%, Industrials down by 0.43% and Capital Goods down by 0.42% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 3.22%, Infosys up by 2.16%, Tech Mahindra up by 1.74%, Reliance Industries up by 0.71% and Bajaj Finserv up by 0.70%. On the flip side, Power Grid down by 1.89%, Adani Ports & SEZ down by 1.24%, Bharat Electronics down by 1.11%, HDFC Bank down by 0.83% and Hindustan Unilever down by 0.80% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman at the Financial Stability and Development Council (FSDC) meeting has asked regulators and departments to expedite the refund of unclaimed deposits to rightful owners and streamline the KYC process. She emphasised that interest of common citizens to be kept in mind and expeditiously refund the claims of the rightful claimants. She exhorted the Council to take proactive steps to ensure that citizens should have a seamless experience with respect to KYC processes across the financial sector.

She noted that there is a need for common KYC norms, simplification and digitalisation of the KYC process including digital onboarding for Non-Resident Indians (NRIs) including PIOs and OCIs, in the Indian securities market. She urged the regulators and departments to expedite the process of refund to rightful owners of unclaimed amounts by holding special district-level camps. This drive is to be conducted in coordination with RBI, SEBI, MCA, PFRDA and IRDA along with banks, pension agencies, insurance companies etc.

The unclaimed amounts comprise deposits in banks; unclaimed shares and dividends are managed by IEPFA; and unclaimed insurance and pension funds are with IRDAI and PFRDA respectively. As per the latest RBI Annual Report, unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024. The amount with the Depositor Education and Awareness Fund stood at Rs 62,225 crore at the end of March 2023.

The CNX Nifty traded in a range of 25,222.40 and 25,081.30. There were 28 stocks advancing against 22 stocks declining on the index.   

The top gainers on Nifty were HCL Technologies up by 3.23%, Infosys up by 2.20%, Tech Mahindra up by 1.65%, Wipro up by 1.59% and ONGC up by 1.08%. On the flip side, Shriram Finance down by 2.05%, Power Grid down by 1.86%, Adani Enterprises down by 1.22%, Adani Ports & SEZ down by 1.18% and Bharat Electronics down by 1.13% were the top losers.

European markets were trading in green; Germany’s DAX rose 41.02 points or 0.17% to 24,028.58, France’s CAC added 12.09 points or 0.15% to 7,816.42 and UK’s FTSE 100 was up by 4.80 points or 0.05% to 8,857.88.

Asian markets settled mostly higher on Wednesday, tracking Wall Street’s gains overnight, after top US and Chinese officials said they have reached a framework to implement the Geneva consensus. Meanwhile investors were awaiting the release of US consumer inflation data later in the day for direction. Japanese shares gained after new data from the Bank of Japan showed wholesale inflation slowed in May, easing pressure on the central bank to raise interest rates in its next policy board meeting. Chinese shares rose with automakers rising after pledging to shorten payment terms for suppliers. Seoul shares rallied after South Korean President Lee Jae-myung said the government was preparing to revamp the country's tax system as part of a broader push to make the domestic stock market more attractive.