Market Midday, 10 June 2026: Sensex, Nifty Show Strength In Mid-Session Trade

Benchmark indices traded in the positive territory in afternoon deals. This despite weakness in global equities following US self-defence strikes on Iran. At 12:32 pm:

• The Sensex was up 0.71%

• The Nifty 50 was up 0.58%

The broader market, however, remained under pressure. The Nifty Midcap 100 index was down 0.41%, while the Nifty Smallcap 100 index declined 0.51% at 12:32 pm.

Mixed Sectoral Trends

The Nifty FMCG index emerged as the top gainer among sectoral indices and advanced 1.32% at around 12:32 pm. Investors shifted towards consumer-focused companies amid uncertainty in global markets, supporting the sector's performance.

The Nifty IT index also traded higher. Technology stocks found support as investors looked at sectors generally considered less sensitive to commodity price volatility and geopolitical developments. The Nifty Metal index was among the worst-performing sectoral gauges during the session. The Nifty Auto index also traded lower, reflecting caution in cyclical sectors as global risk sentiment weakened.

Top Stocks On Nifty 50

At 12:37 pm, the top five stocks on the Nifty 50 index were:

• ICICI Bank Ltd.

• JSW Steel Ltd.

• Hindustan Unilever Ltd.

• Axis Bank Ltd.

• Kotak Mahindra Bank Ltd.

Stock-Specific Action

• Infosys shares fell over 1.5% in early trade as the company’s stock turned ex-dividend for its final dividend of ₹25 per share for FY 26.

• CleanMax Enviro Energy Solutions shares rallied 15% in early trade after the company announced a 900 MW energy partnership with Meta Platforms.

• Reliance Industries shares jumped 2% in early trade after the company announced a strategic partnership with Meta Platforms for an AI-enabled data centre in India.

• Afcons Infrastructure shares rallied over 9% in early trade after receiving a letter of award from Vadhvan Port Project for the construction of a 10.14 km breakwater at Vadhvan Port in Maharashtra.

• NLC India shares fell over 3% in intraday trade despite robust demand from the government’s offer for sale that saw oversubscription on the first day.

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Afternoon Trade Outlook

Market participants are likely to remain focused on developments surrounding the Iran situation and their impact on global equities, crude oil prices and risk sentiment. Sector rotation may continue through the remainder of the session, with defensive pockets such as FMCG and select technology stocks expected to remain in focus.

Sources:

Business Standard

The Economic Times