Stock Market, Midday Report, June 9, 2026: Sensex Trades 130 Points Higher, Nifty Up 50 Points as Iran, Israel Announce Ceasefire

Mumbai, June 9: Domestic equity benchmarks traded modestly higher in midday deals on Tuesday, drawing comfort from a geopolitical reprieve after Iran and Israel announced a mutual halt to direct strikes on each other.  

The BSE Sensex was trading at 73,653.97, up 129.71 points or 0.18%, while the NSE Nifty 50 stood at 23,172.05, gaining 49.05 points or 0.21%, as of 11:57 am. The benchmarks had opened the session on a stronger note — the Sensex had surged 333.40 points to 73,857.66 and the Nifty had climbed 102.25 points to 23,225.25 at 9:22 am — but trimmed gains through the morning as investors took profits after two consecutive sessions of steep declines. 

Top Gainers and Losers 

Among the top gainers on the Nifty 50, IndiGo (INDIGO) led the pack with a sharp rise of 3.00%, with its last traded price (LTP) at ₹4,490.70 against a previous close of ₹4,359.70. Jio Financial Services (JIOFIN) added 2.18%, moving from ₹228.86 to an LTP of ₹233.86, while Grasim Industries (GRASIM) climbed 1.72% from a previous close of ₹3,050.10 to ₹3,102.70. Trent edged up 1.63% from ₹2,724.10 to ₹2,768.40, and Mahindra & Mahindra (M&M) rose 1.57% from ₹2,966.00 to an LTP of ₹3,012.70. On the losing side, NTPC slipped the most, falling 1.49% from ₹362.40 to ₹357.00, followed by Titan, which declined 1.32% from ₹4,192.40 to ₹4,137.00. Power Grid slipped 1.31% from ₹290.30 to ₹286.50, while Infosys (INFY) shed 1.14% from ₹1,187.60 to ₹1,174.10. Eternal dropped 1.09% from ₹248.30 to ₹245.60.

Broad Markets and Sectoral Indices 

Broader markets outperformed the headline indices on Tuesday, with midcap and smallcap counters attracting buying interest. The Nifty Midcap Select gained 1.14% to 14,154.10 from a previous close of 13,994.75, the Nifty Midcap 100 rose 1.10% to 60,563.60, and the Nifty Next 50 added 1.07% to 69,711.15. The Nifty Smallcap 100 also moved up 1.05% to 17,950.20. On the negative side, the Nifty IT index slipped 0.48% to 28,515.05 as technology stocks faced pressure, and India VIX — the fear gauge — fell sharply by 5.99% to 16.01, reflecting a meaningful reduction in hedging demand as geopolitical anxiety eased. 

Broad Market Indices 

Among sectoral indices, banking stocks led the charge with the Nifty PSU Bank index surging 2.33% to 8,390.75, the standout performer across all sectors. The Nifty Auto index advanced 1.36% to 26,031.90 on the back of broad-based buying in auto stocks, and the Nifty Bank gained 1.21% to 54,717.15. The Nifty Pharma index rose a steady 0.84% to 24,350.15, while the Nifty FMCG index edged up 0.40% to 48,292.65. The Nifty IT index remained the lone major sectoral laggard, slipping 0.48% as global technology sentiment weighed on domestic IT stocks. 

Sectoral Indices 

Middle East: Iran-Israel Hostilities Pause 

Iran and Israel announced on Monday that they had halted direct strikes on each other following an appeal from US President Donald Trump, who urged both sides to immediately stop hostilities. Tehran, however, warned it would resume strikes if Israel continued its attacks on Hezbollah in Lebanon, keeping the ceasefire fragile and conditional. Oil prices, which had surged as much as 5% during the peak of the exchanges, pared gains after Iran’s armed forces announced an end to military operations against Israel. Market analysts cautioned that while the pause offered near-term relief, the geopolitical backdrop remained tense, with a lasting resolution still elusive. 

Asian Markets on Tuesday Morning 

Asian markets presented a mixed picture on Tuesday morning, with Japan’s Nikkei 225 outperforming the region with a gain of 0.99% to 64,659.10, while China’s Shanghai Composite edged up a modest 0.12% to 3,964.08. Most other Asian indices traded in negative territory, with Indonesia’s JSX Composite Index bearing the steepest losses at -4.52%, followed by Thailand’s SET Index at -1.32% and Malaysia’s FTSE Bursa Malaysia KLCI at -1.05%. 

US Markets — Monday Close 

US markets closed on a divergent note on Monday, with the technology-heavy Nasdaq Composite gaining 0.86% to 25,929.66 and the S&P 500 rising 0.30% to 7,405.73, even as the Dow Jones Industrial Average slipped 0.16% to 50,786.01. The split reflected investor appetite for growth stocks amid easing geopolitical anxieties, even as broader market sentiment remained cautious ahead of clarity on the Iran-Israel situation. 

Oil Prices 

Crude oil prices inched up in early trade on Tuesday, with Brent crude futures rising 13 cents or 0.14% to $94.38 a barrel, as both Iran and Israel left open the possibility of resuming strikes despite the announced halt. US West Texas Intermediate (WTI) crude was up 11 cents or 0.12% at $91.41 a barrel, with traders pricing in continued uncertainty rather than a lasting ceasefire. Oil had surged as much as 5% in the previous session following renewed Israeli strikes on Iran, but pared gains after Iran’s armed forces declared the end of military operations. 

Opening of Indian Markets on Tuesday 

Indian equity benchmarks roared back to life on Tuesday morning, staging a sharp and broad-based recovery as the announcement of a mutual halt to direct strikes between Iran and Israel — following an appeal by US President Donald Trump — washed away the risk aversion that had gripped markets for two consecutive sessions. The BSE Sensex surged 333.40 points or 0.45% to trade at 73,857.66 as of 9:21 am, while the NSE Nifty 50 climbed 102.25 points or 0.44% to 23,225.25 around 9:22 am, both benchmarks reclaiming meaningful ground after Monday’s steep selloff that had left the Nifty below the 23,150 mark. The relief rally was broad-based, with midcap and smallcap indices joining the recovery and India VIX declining sharply, signalling a notable easing of near-term risk perception among market participants. 

Sources

•  NSE India | BSE India | Data as of 11:57 AM, June 9, 2026. Figures are indicative.