| Market Pulse |
Tuesday, 9 June, 2026 |
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Market Snapshot
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📊
Nifty 50
23,123
-1.04%
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📈
Sensex
73,524.26
-0.97%
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🏦
Bank Nifty
54,063.75
-0.79%
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The Indian markets witnessed a significant downturn with both Nifty 50 and Sensex declining by over 1%, primarily due to rising crude oil prices driven by geopolitical tensions in the Middle East. This escalation has led to increased import costs and inflationary pressures, adversely affecting sentiment. Additionally, continued FII outflows, totaling ₹835 Cr, further weighed on the indices. Despite positive news like the elimination of capital gains tax on FII bond investments, the immediate impact of oil price hikes overshadowed potential gains in banking and infrastructure sectors.
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The Big Story
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📰 FEATURED
India eliminates capital gains tax on FII bond investments
BankingInfra
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Expect increased FII inflows into Indian debt markets, boosting banking and infrastructure sectors.
WHY IT MATTERS
Elimination of capital gains tax on FII bond investments will attract more foreign investment into Indian bonds.
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Quick Takes
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india macro • positive
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India's GDP Grew 7.8%. But The Numbers Mean Nothing.
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Positive GDP growth supports bullish sentiment in consumer and infrastructure sectors.
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Read full report →
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india macro • positive
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Remittances lift India’s current account, cushion Iran war shock
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Strengthening rupee could benefit import-heavy sectors; watch for banking sector gains.
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Read full report →
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commodities • negative
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Oil prices rise as military action flares in Middle East over weekend
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Expect pressure on oil-dependent stocks; monitor USD/INR levels closely.
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Read full report →
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commodities • negative
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Oil prices climb over $4 after Israel strikes on Iran and Lebanon
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Expect pressure on oil-dependent sectors; monitor crude price movements closely.
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Read full report →
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markets • negative
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Sensex down 750 pts, Nifty near 23,100: Rising crude prices among key factors behind market decline
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Prepare for continued market volatility due to crude price pressures.
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Read full report →
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india macro • positive
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India's 7.7% GDP growth result of a decade of structural reforms, not an accident: Piyush Goyal
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Consider increasing exposure to sectors benefiting from economic growth.
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Read full report →
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FII / DII Activity
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FII/FPI
Sold
₹835 Cr
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DII
Sold
₹650 Cr
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FIIs sold ₹835 Cr, DIIs sold ₹650 Cr today.
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Market Breadth
Advances: 712 ·
Declines: 979 ·
A/D Ratio: 0.73
Mixed participation across market
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Sector Performance
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Pharma
-0.4%
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FMCG
-0.4%
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PSU Bank
-0.7%
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Bank
-0.8%
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Fin Services
-1.0%
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Infra
-1.0%
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IT
-1.2%
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Energy
-1.6%
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Media
-1.7%
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Auto
-1.9%
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Metal
-2.3%
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Realty
-2.6%
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Pharma, FMCG led gains while Metal, Realty underperformed. Defensive sectors outperforming suggests risk-off sentiment.
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Technical Levels
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Nifty 50
| Support |
23,030 / 22,937 |
| Resistance |
23,338 / 23,553 |
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Bank Nifty
| Support |
53,294 |
| Resistance |
54,566 |
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Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term momentum is weak.
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Global Cues
| S&P Futures: +0.07%
Global cues mixed; expect range-bound opening
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Commodities & Forex
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Gold
₹1,54,830
+0.03%
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Silver
₹2,46,500
+0.05%
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USD/INR
Rs 95.70/USD
+0.00%
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Macro / Economic Events
| 📌 |
3 earnings results expected |
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| 📌 |
RBI Monetary Policy Decision |
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Looking Ahead
| 👀 |
RBI Monetary Policy Decision |
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Corporate Actions
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SBI
transfers Rs 8,813 crore dividend to government after record FY26 profit
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Earnings Calendar
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KHFM Hospitality and Facility
9 Jun
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Goldline Pharmaceutical
9 Jun
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Om Metallogic
9 Jun
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DISCLAIMER
This newsletter is for informational and educational purposes only. It is not investment advice.
Markets are subject to risks, and past performance is not indicative of future results.
Consult a registered financial advisor before making investment decisions. We are not registered
investment advisors with SEBI or any other regulatory body.
AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.
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