Share Market Today: Nifty, Sensex Snap 2-Day Losing Streak

Indian Stock Market Today | The Indian equity benchmark indices snapped a two-day losing streak to end higher on Tuesday (June 9), tracking a sharp recovery across global markets.

The domestic market opened on a positive note on the back of positive international cues, but remained highly volatile during the first hour of trade.

However, extended buying in the afternoon session helped frontline indices close near the day's high.

At the Closing Bell:

• BSE Sensex: Jumped 394.50 points to close at 73,918.76
• Nifty 50: Climbed 119.10 points to settle at 23,242.10
• Nifty Bank: Surged 1,130.75 points to finish at 55,194.50

Why Did the Indian Stock Market Rise Today?

The stock market rally was supported by broad-based buying, with the banking sector taking the lead. The broader markets significantly outperformed the frontline benchmarks, signaling a firm return of retail and institutional risk appetite.

1. Latest US-Iran War Updates

Global market sentiment turned positive after Iran and Israel agreed to halt direct attacks on each other following a diplomatic appeal from US President Donald Trump.

Although Tehran warned that it would resume hostilities if Israel continued its military campaign against Hezbollah in Lebanon, the temporary pause in direct conflict provided massive relief to risk-averse investors.

2. Sharp Fall in Crude Oil Prices

International crude oil prices reacted sharply to the de-escalating situation in the Middle East.

Brent crude futures, the global oil benchmark, witnessed a steep decline to trade around $93 per barrel, down from Monday’s high of $98.

The moderation in oil prices lifted domestic sentiment by easing near-term inflation worries and corporate margin pressures for Indian businesses.

3. RBI Liquidity Measures

Banking shares emerged as the single biggest engine of today's market recovery. The Nifty Bank index surged over 2%, with all of its constituents ending in the positive territory.

Top banking heavyweights, including ICICI Bank, State Bank of India (SBI) and Axis Bank, were among the highest contributors to the benchmark's gains.

The buying frenzy in banking stocks was triggered by the Reserve Bank of India's (RBI) latest macro measures. The central bank introduced new steps designed to support system liquidity, strengthen external financing conditions and actively boost foreign currency inflows into the country.

4. Strong Market Breadth

Risk appetite returned swiftly to the broader market segments, outpacing the headline indices. The Nifty Midcap index gained a massive 810 points, as investors rushed back to mid and small-cap counters following Monday's deep correction.

Overall market breadth remained strongly positive, with the NSE Advance-Decline ratio standing at nearly 3:1.

5. Indian Rupee Strengthens

The Indian Rupee (INR) staged a solid recovery, ending 36 paise higher at 95.35/$ on Tuesday compared to Monday’s closing low of 95.71/$.

The local currency was well-supported by the easing of global crude oil prices, cooling geopolitical risks and expectations of fresh foreign capital inflows following the RBI's liquidity announcements.

Nifty Today & Major Indices Overview

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 136.05 points higher at 23,259.05, reached a high of 23,279.40 and closed at 23,242.10.

• Immediate Support: 23,200
• Immediate Resistance: 23,300

BANK NIFTY: Opened 201.25 points higher at 54,265.00, reached a high of 55,318.35 and closed at 55,194.50.

• Immediate Support: 55,000
• Immediate Resistance: 55,300

Top Trending Stocks Today

• Fino Payments: Stock surged 9.5% following a strong business update. Average total deposits grew 10% YoY to ₹2,762 crore in May, while loan referral disbursals stood at nearly ₹210 crore, around 2.9x higher than May 2025 levels.
• JSW Infrastructure: Stock jumped over 5% after the company secured a major port infrastructure project from Syama Prasad Mookerjee Port Authority.
• Rail Vikas Nigam: Stock rose 2.5% after the company bagged an EPC contract worth ₹221.33 crore from South East Central Railway.

World Markets, Crude & Gold Prices

• Global Equities: Asian and European markets were mostly positive on Tuesday, supported by a rebound in technology and AI-linked stocks after the previous session’s sell-off.
• Primary market sentiment also improved globally, aided by fresh developments around the highly anticipated SpaceX IPO.
• Crude Oil: Oil prices declined on Tuesday, erasing most of the previous session’s gains. Brent crude futures hovered around $93 per barrel, while US WTI slipped to around $89 per barrel.
• Gold Prices: The yellow metal held steady on Tuesday as support from lower crude prices and easing Middle East tensions was offset by concerns around potential US interest rate hikes ahead of key inflation data later this week.

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