Market Update: Indian Equities Decline as Global Weakness, FII Outflows Persist | 08 Jun 2026
Key Highlights
Benchmark indices opened lower on Monday, extending Friday’s losses amid sustained foreign institutional selling and negative global market sentiment. Your portfolio should note the continued pressure from overseas investors.
Indian benchmark indices opened lower on Monday, extending Friday’s losses amid sustained foreign institutional selling and negative global market sentiment. Your portfolio should note the continued pressure from overseas investors.
Market Snapshot
| Index | Last |
|---|---|
| 23,183.75 (-0.78%) | |
| Nifty Bank | 54,040.20 (-0.84%) |
| NIFTY Midcap 100 | 60,397.00 (-0.59%) |
Institutional Flows
(FIIs) continued their selling spree, registering net outflows across the last five sessions. (DIIs), however, remained net buyers, providing some counter-balance to the market pressure.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 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 |
| 2026-06-02 | -8,362.92 | 9,589.32 |
| 2026-06-01 | -3,911.68 | 5,109.13 |
A closer look at SEBI data reveals FIIs were net sellers in equities for the past three sessions, with significant outflows. In debt markets, FIIs were net buyers on June 5 and June 3, but net sellers on June 4.
Sector Performance
Pharma and FMCG sectors showed resilience, posting marginal gains, while IT, PSU Bank, Financial Services, Realty, and Auto sectors faced declines.
| Sector | Last |
|---|---|
| Nifty Pharma | 24,351.00 (+0.42%) |
| Nifty FMCG | 48,392.40 (+0.19%) |
| Nifty IT | 28,800.90 (-0.72%) |
| Nifty PSU Bank | 8,197.25 (-0.75%) |
| Nifty Financial Services | 24,809.25 (-0.99%) |
| Nifty Realty | 760.00 (-1.16%) |
| Nifty Auto | 25,809.10 (-1.36%) |
Top Movers
Max Healthcare, Power Grid Corporation, and Apollo Hospitals led the Nifty 50 gainers, while Wipro, Bajaj Finance, and Tata Steel were among the top losers.
Top Gainers
| Symbol | Company | Last |
|---|---|---|
| MAXHEALTH | Max Healthcare Institute Ltd. | 1,001.80 (+2.51%) |
| POWERGRID | Power Grid Corporation Of India Ltd. | 291.40 (+2.01%) |
| APOLLOHOSP | Apollo Hospitals Enterprise Ltd. | 8,442.50 (+1.66%) |
Top Losers
| Symbol | Company | Last |
|---|---|---|
| WIPRO | Wipro Ltd. | 185.45 (-6.51%) |
| BAJFINANCE | Bajaj Finance Ltd. | 869.55 (-2.23%) |
| TATASTEEL | Tata Steel Ltd. | 202.28 (-2.17%) |
Global Cues
US markets closed sharply lower on Friday, primarily due to weakness in technology stocks and a strong non-farm payroll report. Asian markets also settled mostly lower, with South Korea’s Kospi experiencing a significant drop amid a sell-off in AI and semiconductor stocks. Lingering Middle East tensions continue to add to global market uncertainty.
Economy / Macro
India’s Foreign Direct Investment (FDI) equity inflows surged by 18% to $58.84 billion in 2025-26. The OECD projects India’s real GDP to grow by 6.3% in FY27 and 6.4% in FY28. However, Crisil has warned that rising fuel prices are likely to exert fresh inflationary pressures on the Indian economy.
RBI / Policy
The Reserve Bank of India (RBI) revised its FY27 GDP growth forecast downward to 6.6% from an earlier projection of 6.9%. Despite global uncertainties, India’s GDP growth jumped to 7.7% in the fiscal year 2025-26, maintaining its position as the world’s fastest-growing major economy.
Inflation / CPI
Wholesale Price Index (WPI) inflation accelerated to 8.30% in April 2026. Consumer Price Index (CPI) based retail inflation also rose to 3.48% in April, driven by an uptick in food prices.
Corporate News & Actions
- Admach Systems secured an order worth ₹1.65 crore for the supply of a main system and automatic calibration station.
- Innovision won a ₹25.69 crore contract from NHAI for toll collection and facility maintenance.
- HEC Infra Projects received an order worth ₹44.87 crore, to be executed within 15 months.
- MMTC Ltd. submitted a revised outcome of its Board Meeting held on May 29, 2026.
- Future Lifestyle Fashions Ltd. announced a meeting of its Committee of Creditors for the Corporate Insolvency Resolution Process.
- Lords Mark Industries Ltd. reported the disposal of a petition filed by Bennett Coleman and Co. Ltd.
- Comfort Fincap Ltd. received trading approval for 25 lakh equity shares issued on a preferential basis.
Watch
Now
- Hexagon Nutrition Ltd.: Price band ₹42-45, closes June 9. The IPO is subscribed 1.65 times overall, with the portion at 2.03 times and portion at 2.43 times.
- Genxai Analytics Ltd.: Price band ₹110-116, closes June 9. The IPO is subscribed 0.55 times overall, with the at 0.13 times, NII portion at 0.77 times, and RII portion at 0.43 times.
- UHM Vacation Ltd.: Price band ₹157-166, closes June 8. data is not available.
- Vahh Chemicals Ltd.: Price band ₹60, closes June 8.
Upcoming
- Horizon Reclaim (India) Ltd.: Price band ₹98-103, opens June 12.
Recently Listed
- Merritronix Ltd.: Listed today, June 8.
- SMR Jewels Ltd.: Listed today, June 8.
/ Forex
The Indian Rupee strengthened against the US Dollar on Friday, closing at 95.11, a gain of 63 paise from its previous close.
Mutual Fund News
- Aditya Birla SL AMC announced scheme mergers and changes in risk-o-meter benchmarks for certain funds.
- Motilal Oswal Mutual Fund launched a new Clean Environment Index Fund, with the New Fund Offer (NFO) open for subscription until June 19.