Indian equity markets extended their winning streak to the fourth consecutive session. The BSE Sensex surged 256.22 points, closing at 82,445.21, while the Nifty50 gained 100.15 points, ending at 25,103.20. The rally was broad-based, with the Nifty Midcap100 and Smallcap100 indices rising 1.13% and 1.57%, respectively. However, the India VIX inched up by 0.43% to 14.69, indicating slight caution among investors.
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Impact on the stock market
The rally was broad-based, but one sector stood out – PSU Banks.
- Nifty PSU Bank index rose 1.52%, driven by strong gains in:
- Bank of India
- Maharashtra Bank
- Punjab National Bank
- Indian Overseas Bank
- Union Bank of India
- Bank of India
Other outperformers included:
- Oil & Gas
- Private Banks
- IT
- Energy — each up over 1%
Realty was the lone sector in the red.
| Sector/Index | Performance |
| IT & BPM sector | 1.00% |
| Healthcare sector | 0.78% |
| Oil & Gas sector | 1.04% |
| Real estate sector | -0.14% |
| PSU Bank in India | 1.52% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Jio Financial Share Price | 304.25 | 3.49 |
| Kotak Mahindra Share Price | 2,138.20 | 3.13 |
| Bajaj Finance Share Price | 9,607.50 | 2.52 |
| Trent Share Price | 5,913.50 | 2.36 |
| Axis Bank Share Price | 1,219.90 | 2.12 |
Top losers today
| Company | Price (in ₹) | Change % |
| Eternal Share Price | 256.84 | -1.92 |
| ICICI Bank Share Price | 1,434.80 | -1.71 |
| Titan Company Share Price | 3,533.90 | -0.73 |
| M&M Share Price | 3,087.40 | -0.61 |
| Adani Ports Share Price | 1,467.10 | -0.31 |
Market aftermath: Impact on stocks
Tata Motors lays out its roadmap to regain lost ground
Tata Motors was in focus after sharing an ambitious roadmap during its investor presentation.
Here’s the plan:
- CV segment to target 40% market share by 2027
- EBITDA margins to move into double digits
- Investment in decarbonisation and software-defined vehicles (SDVs)
On the electric vehicle (EV) front:
- The EV business achieved EBITDA breakeven in FY25
- Tata aims for 20% EV penetration by FY27, and 30%+ by FY30
- The Harrier EV is expected to be the gamechanger to regain market share
However, not all is smooth. Tata’s EV market share dropped to 35% in May 2025, down from 66% a year ago. Rivals like Mahindra, Hyundai, and JSW-MG Motors have caught up fast. The Windsor EV alone went from 19% to 31% market share in the same time.
The company remains cautious due to:
- Muted demand outlook in FY26
- Competitive pressures in the SUV segment
- Global trade uncertainties adding volatility
That said, Tata Motors is betting big on its SUV pipeline and transformation strategies. The planned demerger of the CV business is scheduled for July 1, 2025, and the company will eventually trade under a new name—TMPVL.
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L&T Finance hits 52-week high after gold loan acquisition
L&T Finance (LTF) shares surged 2.5% to hit a 52-week high of ₹195 after announcing the completion of its acquisition of Paul Merchants Finance Ltd’s (PMFL) gold loan business.
What’s included in the deal?
- 130 branches
- 700 employees
- A gold loan book worth ₹1,350 crore
This move:
- Marks LTF’s entry into the gold loan space
- Adds a secured, high-yield product to its portfolio
- Utilises a rural workforce of 20,000, giving it a clear distribution advantage
The RBI’s recent decision to raise the LTV ratio to 85% for gold loans under ₹2.5 lakh further supports this strategy. The acquisition aligns with LTF’s vision of inorganic, risk-calibrated growth—filling gaps while adding value for both rural and urban customers.
Also read: L&T Ltd Share Analysis by Ketan Mittal (SEBI RA)
Oswal Pumps to tap public markets with ₹890 crore IPO
Oswal Pumps, a key player in solar pump systems, is opening its IPO between June 13–17, with plans to raise ₹890 crore.
Key IPO highlights:
- ₹890 crore in fresh issue
- Offer for Sale (OFS) of 8.1 million shares by promoter Vivek Gupta
Use of proceeds:
- ₹273 crore for Oswal Solar’s new plant in Haryana
- ₹280 crore for debt repayment
- ₹89.86 crore for capital expenditure
Financial performance:
- FY24 revenue: ₹758.57 crore (up from ₹385.04 crore in FY23)
- FY24 net profit: ₹97.67 crore (up from ₹34.20 crore)
- 9-month FY25 revenue (till Dec 2024): ₹1,065.67 crore
- 9-month net profit: ₹216.71 crore
With 38,132 solar pumping systems delivered under the PM Kusum Scheme, and a strong engineering foundation, Oswal is positioning itself as a frontrunner in the renewable energy and agriculture tech space.
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Crude oil stays range-bound despite global talks
Crude oil prices remained flat on Monday even as US-China trade talks kicked off in London.
At 9:56 AM on June 9:
- Brent (Aug futures): $66.41 (down 0.09%)
- WTI (July futures): $64.54 (down 0.06%)
- MCX crude (June): ₹5535 (marginally up)
Traders are keeping an eye on negotiations involving US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, focusing on tariff rollbacks and export controls.
Support for oil prices in the past week came from:
- Canadian wildfires
- Strong US jobs report
- Upcoming OPEC+ supply hikes for July
Meanwhile, natural gas dipped 1.57% to ₹320.60, while agri futures like jeera and castor seed rose 0.81% and 0.64% respectively on NCDEX.
Conclusion: A market riding optimism, but eyes on volatility
June 9 offered another solid day for investors. With Sensex and Nifty50 extending their gains and broader indices outperforming, optimism remains strong. But under the surface, there’s plenty to monitor:
- Tata Motors is fighting a fierce EV battle while restructuring
- L&T Finance is expanding aggressively with a gold loan play
- Oswal Pumps is capitalising on the clean energy momentum
- Crude oil markets are holding steady, but volatility from trade talks looms
As always, markets are a blend of momentum and risk. And this week is just getting started.
For more stock market insights, check out the StockGro blog.
