Helped by easing crude oil prices, pause in US-Iran hostilities and rally in bank stocks, India’s key benchmark indices, Sensex and Nifty 50, snapped their two-day losing run on Tuesday, 9 June. Upbeat global market mood also helped indices gain in today’s session.
After trading on a choppy note for most of the session, the BSE barometer Sensex closed at 73,919, up 395 points or 0.54%. Its NSE counterpart, Nifty 50, ended the day 119 points or 0.52% higher at 23,242.
Iran and Israel agreed to halt attacks on each other after an appeal from US President Donald Trump, though Tehran warned it would resume hostilities if Israel continued to hit Hezbollah in Lebanon. Meanwhile, Asian markets rebounded up to 2.5% after Monday’s bloodbath.
Brent crude futures also cooled down to around $93.3 per barrel, compared with $97 ahead of the Indian market close on Monday.
10 key highlights from Indian stock market
Here are 10 key highlights from today’s trade on Dalal Street that investors must know:
1. What moved the market today?
Vinod Nair, Head of Research, Geojit Investments Limited, said that the domestic markets are witnessing a mild recovery after the recent sharp decline, supported by a pause in Iran-Israel tensions and softer crude prices. However, sentiment remains fragile, with continued FII outflows and higher bond yields highlighting persistent concerns around evolving global macro dynamics, he cautioned.
“Focus is now on the upcoming US inflation data, which will be key in shaping expectations on Fed policy and global liquidity, especially given resilient US economic data. In the near term, markets are likely to remain volatile and range-bound, with investors staying cautious until clearer global cues emerge, even as Q4FY26 earnings were slightly better while the outlook for Q1FY27 remains weak,” he added.
2. Top Nifty 50 gainers
Twenty-five of 50 Nifty stocks closed in the green today, with India’s biggest aviation company IndiGo emerging as the top performer after its shares added almost 4%. IndiGo in its analyst meet said that it intends to leverage its dominant domestic franchise to build a globally relevant aviation platform with a significantly larger international presence. Most brokerages shared positive views on the airline stock.
Jio Financial Services, State Bank of India (SBI), Axis Bank, ICICI Bank and Apollo Hospitals, up 2% each, were among other top gainers today.
3. Top Nifty 50 losers
On the flip side, among the 25 Nifty stocks that closed lower, Titan was the worst hit as it shed 2.20%. It was followed by ONGC, which lost over 1.9% as the oil prices weakened. NTPC, PowerGrid, Eternal and Tech Mahindra were among other worst performers today.
4. Broader market trend
The broader markets also rejoiced in today’s trading session and even beat the benchmark indices. Nifty Midcap 100 index gained 1.35% and the Nifty Smallcap 100 index added 1.69%.
5. Sectoral watch
Sectorally, Nifty PSU Bank and Nifty Bank were the lead gainers, rising 3.62% and 2.09%, respectively, after the RBI allowed lenders to access a concessional swap facility for overseas borrowings with a minimum maturity of three years. IT and media were the only sectors in the red today.
6. Most active stocks
Vodafone Idea was the most active stock in volume terms as 95.81 crore shares of the company changed hands today. Ola Electric followed suit with 49.47 crore shares traded. Easy Trip Planners, YES Bank and GTL Infra were the other most traded stocks on the NSE today.
7. Price band hitters
Hundred stocks hit their upper price bands on NSE today while 89 touched lower price bands. The stocks that rose to upper circuits include JK India, Studds Helmet, Axiscades, Jindal Poly, Unimech among others. Similarly, Cafe Coffee Day, E2E, and Birla Cable touched their lower limits today.
8. Stocks at 52-week highs and lows
On NSE, 78 stocks touched their 52-week highs and 51 counters slipped to their 52-week lows today. Adani Green, Cupid, Data Patterns, Apollo Hospitals and Federal Bank were the stocks at one-year highs while Dalmia Bharat, Praveg, Reliance, TCS and Swiggy touched their one-year lows.
9. Advance-decline ratio
The advance-decline ratio favoured buyers as 2380 stocks gained and 904 fell in trade today.
10. Technical outlook
Nilesh Jain, VP- Head of Technical and Derivative Research at Centrum Finverse, said that the Nifty index found strong support around the 23,100 mark and witnessed a sharp rebound from those levels.
“On the daily chart, the index formed a Dragonfly Doji, a pattern that is generally considered a bullish reversal signal. As long as the Nifty sustains above the 23,100 level, a follow-through move towards 23,400 is likely, with 23,500 acting as the next immediate resistance. Meanwhile, the volatility index, INDIAVIX, cooled off by 8% to 15.50, and any further decline in volatility could provide additional comfort to the bulls,” he added.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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