Market Update: FII Outflows Persist as Markets Eye Global Tensions, Key Indices Up | 10 Jun 2026
Key Highlights
Indian equities opened cautiously today, with major indices showing mixed movements after yesterday’s gains. Persistent foreign institutional investor outflows continue to influence market sentiment.
Indian markets are navigating a complex global landscape this Wednesday, with key indices showing nuanced movements. Despite a positive close yesterday driven by easing West Asia tensions, today’s open reflects caution amid renewed geopolitical concerns and continued foreign institutional investor () outflows.
Market Snapshot
| Index | Last |
|---|---|
| NIFTY | 23,337.35 (+0.41%) |
| BANKNIFTY | 55,335.20 (+0.25%) |
| NIFTYMIDCAP | 60,680.75 (-0.06%) |
Institutional Flows
Foreign Institutional Investors remained net sellers for the fifth consecutive session, offloading equities worth ₹4,566.03 crore on June 9. , however, provided strong support with net purchases of ₹6,159.48 crore on the same day. This trend of FII selling and DII buying has been consistent over the past week, indicating a divergence in investment strategies.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-06-09 | -4,566.03 | 6,159.48 |
| 2026-06-08 | -5,555.67 | 5,165.24 |
| 2026-06-05 | -8,776.25 | 9,133.57 |
| 2026-06-04 | -4,447.06 | 4,360.14 |
| 2026-06-03 | -5,616.56 | 5,740.89 |
A closer look at SEBI data reveals FIIs were net sellers in equities by ₹5,138.69 crore on June 9, while simultaneously investing ₹3,052.62 crore into the debt market. This shift suggests a cautious approach to Indian equities, possibly reallocating funds to debt instruments.
Sector Performance
FMCG and Pharma sectors led the gains today, while Realty and Auto sectors saw minor declines.
| Sector | Last |
|---|---|
| Nifty FMCG | 49,250.85 (+1.66%) |
| Nifty Pharma | 24,429.30 (+0.57%) |
| Nifty Financial Services | 25,265.25 (+0.45%) |
| Nifty PSU Bank | 8,513.60 (+0.20%) |
| Nifty IT | 28,572.70 (+0.20%) |
| Nifty Realty | 760.75 (-0.09%) |
| Nifty Auto | 25,982.35 (-0.17%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| NESTLEIND | Nestle India Ltd. | 1,446.80 (+2.58%) |
| HINDUNILVR | Hindustan Unilever Ltd. | 2,184.00 (+2.40%) |
| MAXHEALTH | Max Healthcare Institute Ltd. | 1,023.95 (+2.08%) |
| TRENT | Trent Ltd. | 2,816.40 (+1.63%) |
| Symbol | Company | Last |
|---|---|---|
| HINDALCO | Hindalco Industries Ltd. | 1,038.60 (-3.54%) |
| INFY | Infosys Ltd. | 1,158.60 (-1.84%) |
| TATASTEEL | Tata Steel Ltd. | 201.46 (-0.85%) |
| ETERNAL | Eternal Ltd. | 243.65 (-0.81%) |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 385.30 (-0.64%) |
Global Cues
US markets closed mostly lower on Tuesday, impacted by weakness in technology stocks and anticipation of upcoming inflation data. In Asia, markets presented a mixed picture, though South Korea’s economy showed stronger-than-expected growth in the first quarter. The escalating US-Iran conflict in the Middle East continues to be a significant overhang for global risk appetite.
Economy & Macro
- India’s total exports reached an all-time high of $863 billion in FY26, driven by growth in both merchandise and services exports.
- The Reserve Bank of India reported a current account surplus of $7.1 billion, or 0.7% of GDP, in the January-March quarter of 2025-26 (Q4FY26).
- India and the US are nearing completion of an interim trade deal, with the first phase expected by mid-July 2026.
- Fitch Ratings lowered India’s GDP growth projection for FY27 to 6.4% from 6.7%, citing rising prices and geopolitical tensions.
- India’s wholesale price index (WPI) inflation accelerated to 8.30% in April due to a sharp rise in fuel prices, while retail inflation (CPI) rose marginally to 3.48%, mainly due to food prices.
Watch
- Utkal Speciality Industries India Ltd.: The IPO opens today, June 10, with a price band of ₹62-66 per share, closing on June 12.
- Susan Electricals India Ltd.: This IPO is set to open on June 11, with a price band of ₹120-127.
- Horizon Reclaim (India) Ltd.: The IPO will open on June 12, with a price band of ₹98-103.
The Indian Rupee strengthened against the US dollar on Tuesday, closing at 95.31, a gain of 30 paise from its previous close.
Corporate News
- Concord Biotech Ltd.: Received Abbreviated New Drug Application (ANDA) approval for Tofacitinib Tablets 5 mg and 10 mg.
- Ceigall India Ltd.: Executed a concession agreement for a project SPV.
- Dishman Carbogen Amcis: Raised ₹18 crore through Non-Convertible Debentures (NCDs).
- Reliance Industries: Partnered with Meta for a data centre project in Gujarat.
- NTPC Green Energy: Its arm will develop a solar power project in Uttar Pradesh.