Market Wrap, 9 June 2026: Sensex, Nifty Rise As PSU Bank Stocks Jump

Benchmark indices traded higher on Tuesday, supported by strong buying in public sector banks, financial stocks and automobile shares. This, even as investors continued to assess developments surrounding the ceasefire situation involving the United States and Iran.

At the closing bell:

• Nifty 50 stood at 23,242.10, up 0.52%

• Sensex stood at 73,918.76, up 0.54%

Broader markets also gained. The Nifty Midcap 100 index ended the day 1.35% higher. The Nifty Smallcap 100 index also rallied 1.69%.

PSU Banks Lead

Among sectoral indices, the Nifty PSU Bank index was the top performer. The index surged 3.62%. Banking and automobile stocks also saw strong buying interest. The Nifty Bank and Nifty Auto indices traded higher. They ranked among the day's better-performing sectors.

The gains in financial shares helped support the broader market, with investors adding positions in banking counters despite lingering geopolitical concerns.

Nifty 50 Gainers And Losers

The stocks of the following companies emerged as the top gainers and losers on the Nifty 50 index at the end of today’s trade:

Why Moved Markets Today?

Market participants closely monitored developments in West Asia after Iran halted its strikes on Israel. However, Iran warned that it could resume military action if Israel continued operations in Lebanon. The development kept investors focused on the broader regional situation.

Other Major Headlines

Some other major headlines of the day are:

• In a bid to lower borrowing costs, Vedanta Resources Ltd. is planning to refinance $5.2 billion of US dollar bonds and loans.

• The government has reportedly decided to construct a new greenfield civil-military airport in Great Nicobar at an estimated cost of around ₹13,000 crore.

• Fitch Ratings lowered its GDP growth forecast for India in the current fiscal from 6.7% earlier to 6.4%, citing the impact of the US-Iran war in the September and December quarters.

Also Read - India's Fuel Consumption Rises In May; LPG Demand Falls 20% Amid Supply Crisis

Gold And Silver Watch

Gold and silver gave mixed signals during Tuesday's trading session on the Multi-Commodity Exchange (MCX), with investors assessing the fragile truce between Iran and the US.

At 15:36, Gold June futures on the MCX stood at ₹1,54,580 per 10 grams, down 0.13%. July silver futures during the same time stood at ₹2,46,548 per kg, up 0.06%.

Investors are likely to remain focused on developments related to the US-Iran ceasefire and the wider geopolitical situation in West Asia. Any fresh updates could influence market sentiment in the near term.

Sources:

Moneycontrol

Business Standard

The Economic Times