Equity benchmarks ended lower on Thursday as weak global cues, rising crude oil prices, geopolitical tensions in the Middle East and sustained selling in IT stocks weighed on investor sentiment. According to reports from The Times of India, the session saw heightened volatility, with both indices swinging between losses and recovery before closing in negative territory. The BSE Sensex ended 151.63 points, or 0.20%, lower at 73,832.55, while the NSE Nifty declined 53.35 points, or 0.23%, to close at 23,161.60. As per SBI Securities, the Nifty closed at 23,161.60, down 53 points or 0.23%, with the index touching a high of 23,327 but witnessing profit booking at higher levels. The Nifty Midcap 100 slipped below its 100-day EMA, while broader market sentiment remained subdued with market breadth clearly negative, with the advance-decline ratio skewed towards decliners, and 373 stocks in the Nifty 500 universe ending lower.
Kwality Wall's emerged as the top performer in the Nifty50 index, gaining 5.61% to close at ₹34.86 with a price change of ₹1.86. As reported by The Times of India, ICICI Bank followed with a 1.84% gain to ₹1,317, contributing ₹23.70 to its closing price. Mahindra & Mahindra (M&M) secured the third position with a 1.64% increase to ₹3,001, adding ₹48.40 to its share price. Kotak Bank rounded out the top four gainers with a 1.36% rise to ₹393.35, contributing ₹5.25 to its closing value. Other notable performers included JSW Steel at ₹1,282 with a 0.99% gain of ₹12.50, Grasim Industries at ₹3,090 with a 0.60% increase of ₹18.30, and Cipla at ₹1,383 with a 0.46% rise of ₹6.30. According to SBI Securities, M&M and ICICI Bank emerged as top gainers, while Infosys and Eternal were the major laggards.
The Sensex top gainers list mirrored the Nifty50 performance, with Kwality Wall's leading at 5.61% gain to ₹34.86. According to The Times of India, ICICI Bank followed with a 1.84% gain to ₹1,317, while Mahindra & Mahindra secured the third position with a 1.64% increase to ₹3,001. Kotak Bank rounded out the top four gainers with a 1.36% rise to ₹393.35. Sun Pharma at ₹1,794 with a 0.44% gain of ₹7.80, Bharti Airtel at ₹1,783 with a 0.42% increase of ₹7.40, and Reliance Industries at ₹1,263 with a 0.34% rise of ₹4.21 completed the top performers list. As per SBI Securities, Banking and pharma stocks attracted buying interest, supported by resilient earnings, favourable RBI measures, and a shift toward defensive sectors.
The IT sector faced significant selling pressure, with Infosys leading the Nifty50 losers at ₹1,115, declining 2.69% or ₹30.71. As reported by The Times of India, HCL Tech followed with a 1.94% decline to ₹1,110, losing ₹21.90. Eternal at ₹235.20 dropped 1.92% or ₹4.61, while Adani Ports SEZ at ₹1,787 fell 1.88% or ₹34.11. Trent at ₹2,711 declined 1.60% or ₹43.80, and Bajaj Finance at ₹870.55 dropped 1.54% or ₹13.56. BEL at ₹402.30 fell 1.49% or ₹6.06, Hindalco at ₹1,024 declined 1.45% or ₹15.00, and L&T at ₹3,862 dropped 1.42% or ₹55.50. According to SBI Securities, The Nifty IT index tumbled close to 3% to touch 27,519 before recovering a portion of its losses later in the session, with the decline driven by investor concerns over accelerating inflation in the US, the possibility of interest rates remaining elevated for longer, and worries about the global demand outlook. Consumer inflation in the US accelerated sharply in May, recording its fastest annual rise in three years, with figures from the Labor Department's Bureau of Labor Statistics showing that the CPI climbed 4.2% in the 12 months through May, representing the strongest annual increase since April 2023.
The volatile intraday trading session reflected broader market uncertainty, with both indices experiencing significant swings throughout the day. According to The Times of India, the BSE Sensex ended 151.63 points lower at 73,832.55, while the NSE Nifty declined 53.35 points to close at 23,161.60. As per SBI Securities, the Nifty ended on a mildly negative note on 10th June 2026, closing at 23,214.95, down 27.15 points or 0.12%, with the index touching an intraday high of 23,425.35 during the first half but failing to sustain gains. The formation of a gravestone doji-like candlestick pattern indicates rejection from higher levels and reflects cautious market sentiment, with the RSI stood at 39.01, while India VIX remained stable at 15.63. According to Vatsal Bhuva, Technical Analyst at LKP Securities, The broader chart structure of the Nifty index remains weak, as the formation of lower highs and lower lows continues to indicate bearish dominance. The Nifty Media and Nifty Private Bank outperformed, whereas Nifty IT and Nifty Chemicals ended as top losers, with Nifty Midcap 100 and Nifty Smallcap 100 closing in the red, and market breadth was clearly negative, with the advance-decline ratio skewed towards decliners.
