| Market Pulse |
Wednesday, 10 June, 2026 |
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Market Snapshot
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📊
Nifty 50
23,242.1
+0.52%
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📈
Sensex
73,918.76
+0.54%
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🏦
Bank Nifty
55,194.5
+2.09%
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The Indian stock market saw moderate gains today, with the Nifty 50 and Sensex indices up over 0.5% each, driven by robust performance in the banking sector, particularly PSU banks, which surged due to supportive government measures in the energy sector. Geopolitical tensions in the Middle East, namely Iran's escalation with the US, spurred oil price volatility, affecting energy stocks positively. Despite negative cues from Asian markets, India's surprise balance of payments surplus lent a positive macroeconomic outlook, supporting investor sentiment.
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The Big Story
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📰 FEATURED
Government gave Rs 1.23 lakh crore support to OMCs after West Asia fuel shock: Report
Energy
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Energy sector may benefit from government fiscal support.
WHY IT MATTERS
Government support to OMCs will stabilize energy sector margins and reduce fiscal pressure.
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Quick Takes
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global macro • negative
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Iran targets US base in Bahrain, Gulf kingdom sounds nationwide air raid alert
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Heightened geopolitical risk may increase oil price volatility; watch energy sector closely.
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Read full report →
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global macro • negative
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Asian stocks decline, oil gains as US hits Iran
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Energy stocks may face pressure; watch for rupee depreciation.
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Read full report →
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india macro • positive
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India reports surprise balance of payments surplus in Jan-March quarter
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Positive macro outlook; consider increasing exposure to export-oriented sectors.
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Read full report →
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india macro • negative
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India's fertiliser ministry seeks to double subsidy fund as cost of Iran war mounts
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Watch for fiscal policy adjustments impacting agriculture-related stocks.
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Read full report →
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markets • negative
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Indian shares open lower as oil spike, Asia selloff hurt sentiment
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Expect short-term market volatility; consider defensive 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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FII / DII Activity
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FII/FPI
Bought
₹162 Cr
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DII
Bought
₹98 Cr
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FIIs bought ₹162 Cr, DIIs bought ₹98 Cr today.
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Market Breadth
Advances: 1121 ·
Declines: 611 ·
A/D Ratio: 1.83
Broad-based rally with strong market participation
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Sector Performance
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PSU Bank
+3.6%
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Bank
+2.1%
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Realty
+1.6%
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Fin Services
+1.4%
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Auto
+1.3%
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FMCG
+0.7%
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Pharma
+0.6%
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Metal
+0.6%
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Infra
+0.4%
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Energy
+0.2%
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Media
-0.1%
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IT
-0.5%
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PSU Bank, Bank led gains while Media, IT underperformed. Cyclicals leading indicates risk-on appetite.
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Technical Levels
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Nifty 50
| Support |
23,109 / 22,976 |
| Resistance |
23,417 / 23,593 |
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Bank Nifty
| Support |
54,048 |
| Resistance |
55,320 |
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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: -0.54%
US futures negative (S&P -0.54%).
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Commodities & Forex
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Gold
₹1,52,420
-0.02%
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Silver
₹2,38,100
-0.18%
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USD/INR
Rs 95.34/USD
+0.00%
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Macro / Economic Events
| 📌 |
4 earnings results expected |
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| 📌 |
RBI Monetary Policy Decision |
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| 📌 |
Hong Kong's Momentum Strong: Financial Secretary Chan |
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Looking Ahead
| 👀 |
RBI Monetary Policy Decision |
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Corporate Actions
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ITC
Bitcoin's worst week since FTX crash signals more pain ahead
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Bajaj Finserv
Rajiv Bajaj to exit Board of Bajaj Finserv too
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HCL Tech
launches AI-driven CSFC in Mississauga, Canada
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Earnings Calendar
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Espire Hospitality
10 Jun
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SER Industries
10 Jun
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NFP Sampoorna Foods
10 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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