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Dalal Street closed on a split note on Friday as an afternoon bounce lifted the Nifty 50 by 0.33% to 23,346, while the Sensex surrendered early gains in the final 30 minutes to settle marginally lower. With Brent crude still above $100, central banks turning hawkish, and a high-stakes governance battle erupting at Tata Sons, both indices logged their sixth consecutive weekly decline.
Dalal Street delivered a split verdict on Thursday as cautious optimism wrestled with persistent global macro pressures. While the Nifty managed a 53-point gain to close at 23,270, the Sensex ended flat with a negative bias, weighed down by an aggressive US Fed dot plot, $106 Brent crude, and massive liquidity absorption by the primary market.
Relief on Dalal Street: Sensex, Nifty Rebound from Five-Month Lows as FMCG and DIIs Cushion the Blow
Dalal Street halted its multi-session slide on Tuesday as both the Sensex and Nifty staged a relief rally from five-month lows, buoyed by defensive FMCG buying and central bank defense of the rupee. However, with Brent crude stubbornly elevated near $108 and US Treasury yields lingering at 5%, broader market sentiment remains guarded ahead of the Federal Reserve’s rate decision.
Dalal Street faced an aggressive afternoon reversal on Thursday, June 11, 2026, as early morning euphoria collapsed under a dual onslaught of hot macro data and a severe military escalation in West Asia. The BSE Sensex dropped from its intraday mount of 74,394.34 to settle at 73,903.69, down 79.49 points, while the NSE Nifty 50 slid 53.35 points to finish at 23,161.60. Risk appetite soured rapidly after the U.S. CPI print recorded its fastest acceleration in three years, signaling that the Federal Reserve may prolong its restrictive high-interest-rate regime into 2027. Simultaneously, the Pentagon launched heavy air strikes on Iranian military assets near the Strait of Hormuz, prompting the IRGC to deploy massive retaliatory drone and missile barrages against U.S. bases in Jordan, Kuwait, and Bahrain. The flashpoint pushed Brent crude to a fresh high of $94 per barrel, accelerating panic selling across tech and metal indices. While mid-cap and small-cap counters slid over 1%, banking heavyweights like ICICI Bank (+2.48%) and Axis Bank held the line, insulated by the RBI’s concessional foreign currency swap window.
Indian equities closed mixed on Tuesday, 10 June 2026, with benchmarks struggling to find direction amid renewed West Asia tensions and persistent foreign outflows. The Nifty 50 ended at 23,214.95, down 27.15 points or 0.12%, after hitting an intraday high of 23,425.35. The Sensex, however, managed a marginal gain of 64.42 points or 0.087% to settle at 73,983.18. 212e
Indian equity benchmarks staged a resilient, late-afternoon recovery on Tuesday, June 9, 2026, successfully reclaiming territory surrendered during Monday’s brutal liquidation. The BSE Sensex surged 456.74 points to finish at 73,981.00, while the NSE Nifty 50 rose 119.10 points to settle at 23,242.10, bouncing back from an anxious intraday low of 23,104.45. Market architecture was heavily fortified by two structural catalysts: a temporary, U.S.-brokered halt in direct Israel-Iran hostilities that cooled Brent crude to $93.3 per barrel, and an emergency liquidity intervention by the Reserve Bank of India. To counter a ballooning oil-and-gas import bill, the central bank opened a special FCNR(B) foreign currency swap window at 1.5% per annum, driving an aggressive 1% rally across banking heavyweights like Bank of Baroda and Bank of India. Corporate sentiment received further structural insulation after the Bombay High Court struck down the Centre’s retrospective spectrum charges on Bharti Airtel and Vodafone Idea, while a U.S. federal court simultaneously quashed President Donald Trump’s proposed $100,000 H-1B visa fee, providing a major administrative reprieve for frontline Indian IT export houses.
Indian benchmark indices ended sharply lower on Monday, 8 June 2026, as escalating conflict in West Asia sent Brent crude soaring and spooked global investors. The NSE Nifty 50 closed at 23,123.00, down 243.70 points or 1.04%, while the BSE Sensex settled at 73,524.26, losing 719.09 points or 0.97%.
Nifty Slips 0.21%, Sensex Down 0.10% as Profit-Booking Hits Late Trade
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