Indian Stocks Retreat

2026-06-11 04:27 By Jereli Escobar 1 min. read

India’s BSE Sensex fell about 0.5% to 73,645 at Thursday’s open, snapping a two-session winning streak as investors reacted to escalating Middle East tensions, rising oil prices, and renewed US inflation concerns.

Sentiment weakened after fresh US strikes on Iran raised fears of a wider regional conflict, pushing Brent crude toward the mid-$90s per barrel.

Meanwhile, US inflation accelerated to 4.2% in May, its highest level since April 2023, reinforcing expectations that the Federal Reserve may keep interest rates higher for longer.

Heavyweight technology stocks led the selloff, with Infosys, CarTrade, HCL Tech, and Persistent Systems losing between 2.2% and 3.5%.

Other notable laggards included MTAR Tech (-2%), Paras (-1.3%), and PFC (-3.1%).

On the upside, Zee Entertainment Enterprises gained about 1.9% after announcing plans to raise roughly 23 billion rupees for business initiatives, while ICICI (+1.2%), Unichem Lab (+12%), Cupid (+3.2%), and Honasa Consumer (+2%) also advanced.



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Indian Stocks Retreat
India’s BSE Sensex fell about 0.5% to 73,645 at Thursday’s open, snapping a two-session winning streak as investors reacted to escalating Middle East tensions, rising oil prices, and renewed US inflation concerns. Sentiment weakened after fresh US strikes on Iran raised fears of a wider regional conflict, pushing Brent crude toward the mid-$90s per barrel. Meanwhile, US inflation accelerated to 4.2% in May, its highest level since April 2023, reinforcing expectations that the Federal Reserve may keep interest rates higher for longer. Heavyweight technology stocks led the selloff, with Infosys, CarTrade, HCL Tech, and Persistent Systems losing between 2.2% and 3.5%. Other notable laggards included MTAR Tech (-2%), Paras (-1.3%), and PFC (-3.1%). On the upside, Zee Entertainment Enterprises gained about 1.9% after announcing plans to raise roughly 23 billion rupees for business initiatives, while ICICI (+1.2%), Unichem Lab (+12%), Cupid (+3.2%), and Honasa Consumer (+2%) also advanced.
2026-06-11
Sensex Finishes Marginally Up
India’s BSE Sensex pared early gains to close marginally up at 73,983 on Wednesday, extending gains from the prior day, amid some caution due to fresh tensions between the US and Iran. At the same time, foreign institutional investor outflows and concerns around elevated tech valuations persisted. Continued strong buying in heavyweight banks, as well as FMGC stocks, helped counter a broader selloff. Axis Bank, Kotak Mahindra Bank, ICICI Bank and HDFC Bank posted gains between 1.2%-1.7% on the RBI's concessional forex swap facility. Hindustan Unilever and ITC also advanced firmly, rising 1.7% and 1.3%, respectively. On the flip side, the biggest laggards included Eternal (-2.5%), Tata Steel (-2%), Titan (-1.5%) and Mahindra & Mahindra (-1.3%). The tech sector also stayed on the back foot, with HCL Tech (-1.2%), Infosys (-0.9%), and Tech Mahindra (-0.4%) falling.
2026-06-10
The SENSEX Index Closes 0.09% Higher
The SENSEX Index gained 64 points or 0.09 percent on Wednesday to close at 73983 points. Gains were led by Nestle India (1.95%), Hindustan Unilever (1.85%) and Axis Bank (1.67%). Biggest losers were Indusind Bank (-4.18%), Infosys (-3.08%) and Tata Steel (-2.18%).
2026-06-10