The S&P BSE Sensex dropped 379.95 points or 0.45% to 73,608.17 at 09:30 IST, while the Nifty 50 fell 107.85 points or 0.47% to 23,107.75. According to HDFC Securities's Deputy Vice President Nandish Shah, the index opened with a sharp gap-down of 286 points but staged a strong early recovery of nearly 200 points from the day's low. However, momentum faded in the second half, with Nifty giving up most of its intraday gains. NSE cash market turnover declined 15% compared to the previous session, reflecting reduced trading activity. Market breadth remained decisively negative, as reflected in the BSE advance-decline ratio slipping to 0.52, its lowest level since May 20. The BSE 150 MidCap Index fell 0.49% and the BSE 250 SmallCap Index shed 0.48%, indicating broader market underperformance.
Among Nifty constituents, Max Healthcare, Power Grid, and Bharti Airtel emerged as the top gainers, while Wipro, Jio Financial, and Eternal were the key laggards. Barring Nifty Healthcare, all sectoral indices ended in the red, with Realty, Media, and Auto leading the decline. Honasa Consumer rose 0.90% after reporting around 30% growth in focus categories for FY26 and targeting a 15% EBITDA margin through 500 bps margin expansion. State Bank of India shed 0.53% following its announcement of increased FCNR(B) deposit rates for 35-year tenure to 5.25%-6.00%, with rates raised by up to 295 bps for 5-year tenure. Aurionpro Solutions declined 0.27% as the company targets stronger FY27 presence in modular and edge products while rebuilding its banking software portfolio.
Foreign portfolio investors (FPIs) sold shares worth ₹2,124.98 crore, while domestic institutional investors (DIIs) were net buyers to the tune of ₹3,123.95 crore in the Indian equity market on June 10, 2026, according to provisional data. The rupee edged lower against the dollar, hovering at 95.5675 compared with its close of 95.2500 during the previous trading session. MCX Gold futures for August 2026 settlement fell 0.84% to ₹1,46,773, while the US Dollar Index (DXY) was down 0.07% to 99.97. The United States 10-year bond yield rose 0.29% to 4.554%, and Brent crude for August 2026 settlement rose $1.71 or 1.84% to $94.81 a barrel. Asian stocks fell on Thursday as investor sentiment was weighed down by a Wall Street selloff after hotter-than-expected U.S. inflation reading and renewed U.S.-Iran tensions.
Balrampur Chini Mills is holding firmly above its 50-day SMA with positive momentum indicators. As reported by Anand Rathi's Jigar S Patel, the stock shows strong underlying trend with RSI sustaining above 60 mark and DMI indicators signaling bullish strength. Caplin Point Laboratories has broken out above previous swing high with surged volumes indicating strong buying interest. The 20-day SMA trending higher reinforces the ongoing uptrend, with traders advised to enter long positions in ₹555-545 zone targeting ₹600. Fortis Healthcare exhibits robust long-term structure with successful retest of flag-and-pole pattern breakout level, while Deepak Fertilisers maintains consistent higher highs and lows trend since April 2020. ET Now's Vaishali Parekh highlights healthcare stocks as her liking, particularly Fortis with ideal levels around ₹960-970 targeting ₹1,050, Max Healthcare looking very promising in momentum, and Apollo Hospitals in strong uptrend with buying at ₹8,200 targeting ₹8,600.
Varun Beverages faces strong resistance near 61.8 percent Fibonacci retracement level with bearish divergences on technical indicators. According to ICICI Securities's Jay Thakkar, traders may consider entering short positions in ₹525-520 zone targeting ₹475. Shree Cement has broken below consolidation range with fresh short build-up, trading well below maximum pain level of ₹24,750. The stock is likely to face resistance at ₹25,000 and ₹26,000 levels, with traders advised to sell in ₹23,500-23,700 range targeting ₹22,950-22,750. InterGlobe Aviation is trading below 200-day SMA with triangular pattern formation, while Canara Bank has completed corrective rally and may decline towards ₹125-122 range. ET Now's Vaishali Parekh notes that IT sector is at very crucial support, deep oversold, suggesting potential movement in IT stocks.
