Market Wrap, 11 June 2026: Benchmarks End In Red

Markets oscillated between bulls and bears on Thursday’s trade. However, at the end of the day, bears prevailed with both frontline benchmarks ending the session in the negative. Fresh attacks by the US on Iran adversely affected investors’ sentiments.

At the closing bell:

• Nifty 50 stood at 23,161.60, down 0.23%

• Sensex stood at 73,832.55, down 0.20%

Even broader markets mirrored the same sentiments, with the Nifty Midcap 100 index declining 0.81%, while the Nifty Smallcap 100 index fell 0.67%.

Sectoral Performance

Sector-wise, the Nifty IT, Nifty Consumer Durables, Nifty Auto and the Nifty Chemicals declined. However, support was received from Nifty Pharma and Nifty Healthcare, which closed the day on a positive note (see table).

Other Major Headlines

Some other major headlines of the day are as follows:

• AstraZeneca Pharma India received a nod from the Central Drugs Standard Control Organisation (CDSCO) for expanded use of Enhertu, a breast cancer drug.

• According to the US Energy Information Administration (EIA), crude oil prices are anticipated to average USD 105 per barrel in June and July, with the assumption that the Strait of Hormuz is closed in the near term.

• Bank of Baroda expects foreign inflows to the tune of USD 4 to 5 billion from the RBI’s forex measures.

Led by Avataar Ventures, Ethereal Machines raised USD 28.5 million in a Series B to boost precision manufacturing and set up a factory near Bengaluru.

Also Read- Advit Jewels IPO Opens On 23 June; Issue To Close On 25 June 2026

Gold And Silver Watch

Gold and silver traded lower on the Multi-Commodity Exchange (MCX), reflecting weak market sentiment. At 15:41, gold June futures on the MCX stood at ₹1,47,540 per 10 grams, down 0.32%. July silver futures during the same time stood at ₹2,34,450 per kg, down 0.45%.

Market participants feel that the coming sessions are likely to remain volatile with fresh tensions between the US and Iran. The extent will depend on how the two countries progress with their hostilities towards each other.

Sources:

Moneycontrol

Business Standard

The Economic Times