Ceasefire Dividend: PSU Banks, Auto and Pharma Emerge as Tuesday's Brightest Spots on Dalal Street

Mumbai, June 9: Dalal Street’s best performing sectors at Tuesday’s noon session were Nifty PSU Bank, Nifty Auto, and Nifty Pharma as a broad based decline came to a halt amid easing geopolitical tensions between Iran and Israel. Take a look at the five stocks leading the pack in each of these three sectors. 

1. Nifty PSU Bank: Sector Index at +3.08%

PSU Bank index led all sectoral indices Tuesday with almost all constituents trading with healthy gains as the Iran-Israel ceasefire news triggered a relief rally that saw investors pile back into rate-sensitive and cyclical stocks. Large and midcap public sector lenders were broad- based buyers, signalling investor confidence in the battered PSU bank space returning after several weeks of losses amid relentless global risk-off sentiment. 

• Bank of Baroda (BANKBARODA) surged 4.61% from a previous close of ₹259.25 to an LTP of ₹271.20, emerging as the top large-cap gainer in the index, with volumes indicating strong institutional participation. 

• Maharashtra Bank (MAHABANK) jumped 4.76% from ₹79.61 to ₹83.40, the highest percentage gainer in the PSU Bank pack, reflecting renewed buying in mid-tier public sector lenders that had been under pressure. 

• Canara Bank (CANBK) rose 4.12% from ₹131.91 to ₹137.35, with robust volume of over 3.70 crore shares traded, underscoring broad-based demand across the PSU banking space. 

PSU Bank — Top Movers 

2. Nifty Auto: Sector Index at +1.60% 

India’s auto sector showed healthy breadth on Tuesday with major two-wheeler, four- wheeler, commercial vehicle and auto-component stocks rallying. The decline in geopolitical risk fuelled buying across discretionary consumer stocks and the auto index handily outperformed the Nifty 50 during morning trade. 

• Bosch India (BOSCHLTD) led the auto pack with a sharp gain of 3.29% from ₹36,610 to ₹37,815, the strongest percentage move among large-cap auto names, driven by optimism around the domestic auto components cycle. 

• Eicher Motors (EICHERMOT) advanced 2.64% from ₹7,050 to ₹7,236, with the Royal Enfield parent benefiting from sustained two-wheeler demand and a positive commentary outlook from analysts. 

• Bharat Forge (BHARATFORG) climbed 2.89% from ₹1,893.10 to ₹1,947.90, with the auto forging major drawing buying interest on expectations of continued strength in both domestic and export order books. 

Auto — Top Movers 

3. Nifty Pharma: Sector Index at +0.77%

India’s pharma index continued its strong run and managed to hold on to gains despite some profit booking in key stocks such Sun Pharma and Dr Reddy’s Laboratories. The rally was led by specialty and midcap pharma stocks. 

• Divi’s Laboratories (DIVISLAB) was the top pharma gainer, surging 3.14% from ₹6,521 to ₹6,725.50, as the API and CDMO major attracted strong buying interest amid positive sector tailwinds and expectations of an earnings recovery. 

• Ajanta Pharma (AJANTPHARM) rose 2.49% from ₹2,968.80 to ₹3,042.60, continuing its recent momentum on the back of strong branded generics business performance and improving export traction. 

• Gland Pharma (GLAND) gained 2.03% from ₹2,247.80 to ₹2,293.40, with the injectable-focused pharma company attracting renewed institutional interest following a period of consolidation. 

 Pharma — Top Movers 

Sources

• NSE India | Data as of midday, June 9, 2026. Figures are indicative and subject to change.
•  https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY%20PHARMA