Post Session: Quick Review

Indian equity benchmarks ended flat on Wednesday amid renewed tensions between the United States and Iran. After making a cautious start, the indices soon gained momentum and traded higher as sentiments remained upbeat with Senior Economic Adviser Agrim Kaushal’s statement that India's exports have witnessed consistent growth in recent years, driven by supportive government policies, improved digital infrastructure, better logistics, and trade reforms. However, in the final hour of trade, markets erased their intraday gains and settled near the neutral lines.

Some of the important factors in trade:

FIIs offload equities worth Rs 4,566.03 crore: Sentiments remained downbeat as Foreign Institutional Investors (FIIs) remained net sellers in the Indian equity market, offloading equities worth Rs 4,566.03 crore on June 09, 2026.

RBI’s recent measures likely to bring in $55-65 billion of inflows in FY27: Traders overlooked the SBI research report stating that the Reserve Bank's recent measures are likely to help India attract $55-65 billion in inflows in the current fiscal, stabilise the rupee, and push the country's balance of payments into surplus. 

India's total exports reach to all-time high of $863 billion in FY26: Traders paid no head towards Nitin Kumar Yadav, Additional Secretary at the Union Ministry of Commerce, has said that India’s total exports reached an all-time high of $863 billion in FY 2025-26, up from $468 billion in FY 2014-15, reflecting a compound annual growth rate (CAGR) of 5.7 per cent

On the global front: European markets were trading in red, while Asian markets closing mostly lower, amid escalating tensions between Iran and the U.S. Traders also awaited cues from key U.S. CPI data that might show inflation at a three-year high in May.

The BSE Sensex ended at 73983.18, up by 64.42 points or 0.09% after trading in a range of 73897.57 and 74613.01. There were 10 stocks advancing against 20 stocks declining on the index. (Provisional)

The only gaining sectoral index on the BSE was FMCG up by 0.84%, while Telecom down by 1.98%, Metal down by 1.87%, Oil & Gas down by 1.77%, Realty down by 1.76% and Energy down by 1.71% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Hindustan Unilever up by 1.73%, Axis Bank up by 1.58%, Kotak Mahindra Bank up by 1.43%, ICICI Bank up by 1.38% and ITC up by 1.20%. On the flip side, Infosys down by 3.00%, Eternal down by 2.22%, Tata Steel down by 2.09%, Bajaj Finserv down by 1.59% and Titan Company down by 1.48% were the top losers. (Provisional)

Meanwhile, the Central Government has made an interim allocation of Rs 95,692 crore under the newly introduced VB-G RAM G scheme for a seamless transition. The Union Rural Development Minister Shivraj Singh Chouhan has noted that the interim allocation had been made as the draft rules of the new scheme were still being finalised and to ensure that rural employment and development activities continue uninterrupted after June 30. 

The Rural Development Ministry highlighted that Uttar Pradesh has been allotted the highest interim allocation of Rs 9,721.48 crore, followed by West Bengal at Rs 8,508 crore, Tamil Nadu at Rs 7,585.49 crore, Rajasthan at Rs 7,581.87 crore, Andhra Pradesh at Rs 7,707.21 crore and Bihar at Rs 6,715.83 crore. The total allocation for states stands at Rs 92,550.17 crore, while Union territories have been allocated Rs 1,291.52 crore. An additional Rs 1,850.62 crore has been earmarked for central administration and social audits, taking the total to Rs 95,692.31 crore. The Chouhan noted that after adding the mandatory state contribution, the total annual outlay under the scheme would be around Rs 1.51 lakh crore.

Moreover, he pointed out that no state's allocation had been reduced and the interim allocation had been worked out on the basis of expenditure under the MGNREGA scheme in the previous year. He added that 26 states have completed the procedural requirements necessary for implementing the new scheme, while four states -- Jharkhand, Karnataka, Telangana and Mizoram -- are yet to complete all formalities. Further, the states have been asked to notify the state scheme, declare peak agricultural seasons, frame state rules, complete e-KYC of beneficiaries and undertake awareness and capacity-building exercises at district and block levels.

The CNX Nifty ended at 23214.95, down by 27.15 points or 0.12% after trading in a range of 23184.60 and 23425.35. There were 19 stocks advancing against 31 stocks declining on the index. (Provisional)

The top gainers on Nifty were Nestle up by 1.98%, Hindustan Unilever up by 1.72%, Axis Bank up by 1.71%, Kotak Mahindra Bank up by 1.68% and ICICI Bank up by 1.44%. On the flip side, Hindalco down by 3.47%, Coal India down by 3.41%, Infosys down by 2.97%, ONGC down by 2.74% and Eternal down by 2.38% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 250.06 points or 1.02% to 24,183.00,  UK’s FTSE 100 decreased 58.76 points or 0.57% to 10,168.57 and France’s CAC fell 24.93 points or 0.3% to 8,178.50.

Asian markets ended mostly lower on Wednesday, led by South Korea's Kospi index, following mixed cues from Wall Street overnight as a rebound in technology shares tied to the artificial intelligence boom ran out of steam. Market sentiment weakened further as Middle East tensions flared again after the downing of a US helicopter gunship near the Strait of Hormuz, casting doubt on the durability of a fragile ceasefire and the prospects for a broader peace agreement. Meanwhile, traders awaited cues from key US CPI data that might show inflation at a three-year high in May. Chinese shares fell after data showed China's consumer price inflation unexpectedly stalled in May, while factory prices rose at the fastest pace in almost four years amid higher energy and raw material costs. Japanese markets tumbled after data showed Japan's producer price index rose 6.3% in May from a year earlier, the fastest pace in more than three years. Investors were heavily pricing in a rate hike from the Bank of Japan at the June 15-16 policy meeting.