Indian equity markets ended on a mixed note on Wednesday, June 10, as a late-session pullback erased most intraday gains amid heightened geopolitical tensions between the United States and Iran. The BSE Sensex managed a marginal advance, while the NSE Nifty closed in negative territory, according to exchange data.
Sensex and Nifty Performance
The 30-share BSE Sensex rose 64.42 points, or 0.09%, to settle at 73,983.18. During the session, the index surged as much as 694.25 points to touch an intraday high of 74,613.01 before losing momentum in late trade.
The broader NSE Nifty slipped 27.15 points, or 0.12%, to close at 23,214.95. The index recorded a high of 23,425.35 and a low of 23,184.60 during the day.
Nifty 50 Top Gainers
| Company | Current Price (Rs) | Price Change | % Change |
|---|---|---|---|
| Nestle India | 1,438 | +27.90 | +1.98% |
| HUL | 2,170 | +36.70 | +1.73% |
| Axis Bank | 1,315 | +22.10 | +1.71% |
| Kotak Mahindra Bank | 388.10 | +6.41 | +1.68% |
| ICICI Bank | 1,293 | +18.30 | +1.44% |
| ITC | 283.65 | +3.65 | +1.31% |
| HDFC Bank | 746.85 | +8.50 | +1.16% |
| Max Healthcare | 1,010 | +7.00 | +0.70% |
| JSW Steel | 1,270 | +8.10 | +0.65% |
| Kwality Wall's | 33.01 | +0.20 | +0.61% |
Nifty 50 Top Losers
| Company | Current Price (Rs) | Price Change | % Change |
|---|---|---|---|
| Hindalco | 1,039 | -37.41 | -3.48% |
| Coal India | 451.00 | -15.90 | -3.41% |
| Infosys | 1,145 | -35.00 | -2.97% |
| ONGC | 251.90 | -7.10 | -2.75% |
| Eternal | 239.80 | -5.85 | -2.39% |
| SBI Life | 1,729 | -40.40 | -2.29% |
| HDFC Life | 549.55 | -11.06 | -1.98% |
| Tata Steel | 199.31 | -3.88 | -1.91% |
| Tata Motors PV | 381.00 | -6.81 | -1.76% |
| Jio Financial Services | 230.17 | -4.05 | -1.73% |
Sensex Movers
On the Sensex, Hindustan Unilever (HUL), Axis Bank, Kotak Mahindra Bank, ICICI Bank, ITC, and HDFC Bank were the leading gainers. Kwality Wall's, Power Grid, L&T, and Sun Pharma also featured among the top performers.
Conversely, Infosys, Eternal, Tata Steel, Bajaj Finserv, Titan Company, Bharti Airtel, M&M, HCL Tech, NTPC, and BEL were the major Sensex losers.
Geopolitical Concerns Cap Gains
Investor sentiment remained fragile amid fresh military exchanges between the United States and Iran, reviving concerns about a broader escalation in the Middle East and raising questions over the durability of the ceasefire in the region, according to analysts.
Ponmudi R, CEO of Enrich Money, as quoted by news agency PTI, said: "Indian equity markets ended modestly lower as renewed hostilities between the United States and Iran unsettled investor sentiment and revived concerns over the durability of the fragile ceasefire." He added that global markets remained under pressure after the latest developments heightened geopolitical risks and curtailed risk appetite among investors.
Global Markets and FII Activity
Asian markets ended lower, with South Korea's Kospi tumbling 4.52% and Japan's Nikkei 225 declining 1.89%. Hong Kong's Hang Seng and China's Shanghai Composite Index also closed in negative territory. European markets were trading lower, while US markets ended mostly weaker on Tuesday.
Foreign institutional investors (FIIs) remained net sellers, continuing their recent trend of offloading Indian equities.
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