The Prime Daily: 10 June 2026

By Prime Research | Published at: Jun 10, 2026 09:56 AM IST

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US Stocks Ended Mixed but Recover From Deep Losses Amid Renewed Us-Iran Tensions

U.S. equities ended mixed on Tuesday, recovering from steep intraday losses amid heightened geopolitical tensions after President Donald Trump warned of retaliation following an Iranian attack that shot down an American helicopter.

The S&P 500 slipped 0.3% to close at 7,385.48, recovering from an intraday decline of as much as 2.3%. The index recorded a sharp 3.4% bottom-to-top reversal—its second largest since April 2025, when the Trump administration paused additional tariffs, according to Bloomberg data.

The Nasdaq Composite fell 1% to 25,678.82, trimming a steeper fall of 3.7%, while the Dow Jones Industrial Average edged up 0.1% to 50,870.94 after reversing losses of up to

1.1%.

Sentiment weakened after initial hopes of Middle East de-escalation faded, with Trump confirming that Iran had shot down a U.S. helicopter over the Strait of Hormuz.

In commodities, gold and silver dropped to two-month lows amid rising rate expectations and geopolitical developments. Brent crude rebounded 1% today to $92.50 per barrel after briefly slipping below $90 yesterday.

Asian markets trading lower today, tracking geopolitical concerns and a selloff in technology stocks.

On the domestic front, The Indian rupee appreciated by 36 paise yesterday to close at 95.35 against the dollar, supported by a risk-on sentiment driven by a weaker US dollar and softer crude oil prices amid easing geopolitical concerns. Additionally, renewed inflows into the debt market, following recent RBI measures, lent further support to the currency.

Indian markets rebounded strongly yesterday after sharp fall on the Monday. The Nifty 50 gained 119 points and ended near day high to close at 23243. Broader markets outperformed, with midcap and smallcap indices posting gains, supported by strong market breadth.

Technically, Nifty managed to hold above the previous session’s low of 23,070, which is a constructive sign indicating buying interest at lower levels. However, the current rebound is not sufficient to confirm a trend reversal. A decisive move above 23,516 is required to negate the prevailing downtrend. On the downside, the 23,000–23,100 zone remains a key support. A break below 23,000 could accelerate declines toward the 22,700–22,800 zone.

Indian markets are expected to open mildly lower, tracking weak Asian cues, while midcap and smallcap stocks are likely to continue their outperformance

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