Prime End of the Day Summary: View on Market Performance 11 June 2026

Nifty Recovers from Lows but Fails to Sustain Gains Amid Volatility

The Nifty witnessed another highly volatile session. The index opened sharply lower by 110 points on weak global cues but quickly reversed early losses over 250 points in the first half.

However, the momentum faded in the later half, with the index declining more than 230 points from the intraday high of 23,327. Nifty eventually settled with a marginal loss of 53 points at 23,161.

NSE cash market turnover also declined by 6% compared to the previous session.

Among Nifty constituents, M&M, ICICI Bank, and Kotak Bank emerged as top gainers, while Infosys, HCL Tech, and Adani Ports were the key laggards.

Sectoral trends remained skewed towards the negative side, with IT, Consumer Durables, and FMCG leading the declines.

On the positive side, Media, Pharma, and Private Banks managed to close in the green.

Broader markets continued to underperform for the second consecutive session, with the Nifty Midcap 100 and Nifty Smallcap 100 declining by 0.81% and 0.67%, respectively.

Market breadth remained weak, as reflected in the BSE advance-decline ratio, which slipped further to 0.50.

After two sessions of gains, the Indian Rupee depreciated by 50 paise, pressured by rising Middle East tensions, fresh dollar demand due to forward maturities, and a rebound in the dollar index driven by safe-haven flows.

Nifty found support near the previous swing low of 23,070 and attempted a recovery. This price action indicates the potential formation of a double bottom pattern on the daily chart, highlighting the significance of the 23,070 support level.

For any meaningful upside, Nifty needs to decisively break above the swing high resistance at 23,425.

On the downside, a close below 23,070 could open the door for further weakness towards the 22,700–22,800 zone.