Indian equity markets ended Wednesday’s session on June 10 lower, with the headline indices retreating sharply from the day’s highs. While gains in select heavyweight stocks provided some support, they were not enough to keep the benchmarks in positive territory by the close.
Persistent selling by FPIs, escalating tensions in the Middle East, and a rebound in crude oil prices weighed on investor sentiment, with the Nifty 50 eventually settling 0.13% lower at 23,212.
The S&P BSE Sensex ended nearly flat at 73,911. The broader market witnessed sharper cuts, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices declining 1.5% and 1.3%, respectively.
All major sectoral indices ended in the red, with Nifty Media, Nifty Realty, Nifty Metal, Nifty Oil & Gas, Nifty PSU Bank, and Nifty Consumer Durables falling between 1% and 2.36%.
On the positive side, only Nifty FMCG and Nifty Private Bank managed to close in the green, gaining 1.05% and 0.72%, respectively.
Tensions in the Middle East resurfaced after the United States launched strikes against Iran on Tuesday, following claims by US President Donald Trump that Tehran had shot down a US Apache helicopter in the Strait of Hormuz. The strikes came just a day after Trump stated that a US-Iran peace deal was in its “final throes.”
