Market Update: Indian Equities Rebound on Global Optimism, FII Outflows Continue | 09 Jun 2026
Key Highlights
Indian benchmark indices opened higher today, shrugging off persistent foreign institutional selling and reflecting positive global cues. This resilience signals a cautious optimism returning to the markets after recent geopolitical tensions.
Indian benchmark indices opened higher today, shrugging off persistent foreign institutional selling and reflecting positive global cues. This resilience signals a cautious optimism returning to the markets after recent geopolitical tensions.
Market Snapshot
| Index | Last |
|---|---|
| NIFTY | 23,157.65 (+0.15%) |
| BANKNIFTY | 54,654.60 (+1.09%) |
| NIFTYMIDCAP | 60,486.55 (+0.97%) |
Institutional Flows
(FIIs) continued their selling streak, offloading equities worth ₹5,555.67 crore on June 8, following a significant outflow of ₹8,776.25 crore on June 5. (DIIs), however, provided strong counter-support, with net purchases of ₹5,165.24 crore on June 8 and ₹9,133.57 crore on June 5.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 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 |
| 2026-06-02 | -8,362.92 | 9,589.32 |
SEBI data indicates FIIs were net sellers in equities for the past three sessions, with a net outflow of ₹8,318.98 crore on June 6. Conversely, FIIs showed net buying in the debt segment, with an inflow of ₹2,635.01 crore on June 6, suggesting a shift in their investment strategy.
Sector Performance
PSU Banks led the sectoral gains today, while the IT sector saw some profit booking.
| Sector | Last |
|---|---|
| Nifty PSU Bank | 8,371.75 (+2.10%) |
| Nifty Auto | 26,008.55 (+1.27%) |
| Nifty Realty | 756.15 (+0.93%) |
| Nifty Pharma | 24,356.45 (+0.86%) |
| Nifty Financial Services | 24,970.55 (+0.67%) |
| Nifty FMCG | 48,230.20 (+0.27%) |
| Nifty IT | 28,512.50 (-0.49%) |
Top Movers
Gainers
| Symbol | Company | Last |
|---|---|---|
| INDIGO | Interglobe Aviation Ltd. | 4,475.80 (+2.66%) |
| JIOFIN | JIO Financial Services Ltd. | 233.40 (+1.98%) |
| GRASIM | Grasim Industries Ltd. | 3,099.80 (+1.63%) |
| M&M | Mahindra & Mahindra Ltd. | 3,012.10 (+1.55%) |
| EICHERMOT | Eicher Motors Ltd. | 7,153.50 (+1.47%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| NTPC | NTPC Ltd. | 356.65 (-1.59%) |
| ETERNAL | Eternal Ltd. | 244.80 (-1.41%) |
| TITAN | Titan Company Ltd. | 4,134.80 (-1.37%) |
Global Cues
Asian markets traded mostly higher today, buoyed by growing optimism over a potential de-escalation in the Middle East after Iran and Israel agreed to suspend hostilities. Cooling oil prices and a rebound in heavyweight technology stocks also contributed to the positive sentiment. South Korea’s KOSPI index soared by 4.38%. US markets closed mostly higher on Monday, led by a strong rebound in technology stocks, following President Donald Trump’s statement on Israel and Iran looking to achieve an immediate ceasefire.
Watch
Two IPOs are currently open for subscription, both closing today, June 9, 2026. Investors are actively participating in these offerings.
- Hexagon Nutrition Ltd.: The IPO has been subscribed 4.59 times overall. The (NII) portion saw 6.70 times subscription, while the Individual Investor (RII) portion was subscribed 6.22 times.
- Genxai Analytics Ltd.: This IPO has been subscribed approximately 1.01 times overall.
& Macro
The Indian rupee weakened against the US dollar in early trade today, currently trading at 95.63, weaker by 2 paise from its previous close of 95.61 on Monday. This follows a 37 paise weakening on Monday. On the macroeconomic front, 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. India’s FDI equity inflows rose 18% to $58.84 billion in 2025-26. The RBI has also introduced a US dollar-rupee forex swap facility for fresh FCNR (B) deposits to attract foreign capital inflows, and India’s engineering exports hit a record $122.43 billion in FY26.
Corporate Actions
- Marsons has secured an order worth ₹9.48 crore, to be executed within 6-12 months.
- Electronics Mart commenced commercial operations of its new 8,300 square feet store in Telangana.
- Quint Digital entered a binding franchise agreement with Time Out Group to develop, fund, and operate Time Out Market Delhi.
- Wipro provided updates regarding its ongoing buyback program.
- VA Tech Wabag announced the award of a new order.
- Tanvi Foods (India) Ltd. provided an update on its international business operations.
- AVT Natural Products Ltd. announced a change in its Directorate.
Mutual Fund News
- WhiteOak Capital MF introduced an Aggressive Hybrid Fund, with the NFO opening on June 8, 2026.
- ICICI Prudential AMC announced temporary restrictions on subscriptions of its Gold ETF.
- PGIM India AMC announced a revision of subscription limits for designated schemes.
Despite consistent FII selling pressure, the Indian market’s ability to rebound, supported by DII buying and positive global cues, highlights underlying domestic strength.
The RBI’s new forex swap facility and strong FDI inflows underscore efforts to bolster external sector resilience and attract capital, providing a crucial buffer against global uncertainties.