Market Update: Nifty, Banknifty Advance Despite FII Outflows, Global Headwinds | 11 Jun 2026
Key Highlights
Indian benchmark indices show resilience in early trade, driven by domestic institutional buying, even as foreign investors continue to pull funds from equities. Geopolitical tensions and rising crude oil prices weigh on global markets.
Indian benchmark indices are trading higher this morning, with the and Bank Nifty posting gains, defying weak global cues and persistent foreign institutional selling. Domestic institutions continue to provide strong support, offsetting the outflows.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,281.15 (+0.29%) |
| Nifty Bank | 55,408.55 (+0.56%) |
| Nifty Midcap 100 | 59,657.75 (-0.25%) |
Institutional Flows
| Date | Net (₹ Cr) | Net (₹ Cr) |
|---|---|---|
| 2026-06-10 | -2,124.98 | +3,123.95 |
| 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 |
Foreign Institutional Investors (FIIs) remained net sellers for the fifth consecutive session, offloading equities worth ₹2,124.98 crore on June 10. However, Domestic Institutional Investors (DIIs) provided strong counter-support with net purchases of ₹3,123.95 crore. FIIs have consistently sold equities while simultaneously investing in debt, indicating a shift in their asset allocation strategies.
Sector Performance
| Sector | Last |
|---|---|
| Nifty Pharma | 24,362.65 (+0.84%) |
| Nifty Financial Services | 25,327.10 (+0.48%) |
| Nifty Auto | 25,823.55 (-0.04%) |
| Nifty FMCG | 48,806.80 (-0.31%) |
| Nifty Realty | 745.65 (-0.33%) |
| Nifty PSU Bank | 8,309.25 (-0.83%) |
| Nifty IT | 27,973.00 (-1.09%) |
Top Movers
Gainers
| Symbol | Company | Last |
|---|---|---|
| ICICIBANK | ICICI Bank Ltd. | 1,325.40 (+2.48%) |
| KOTAKBANK | Kotak Mahindra Bank Ltd. | 394.15 (+1.56%) |
| AXISBANK | Axis Bank Ltd. | 1,333.80 (+1.47%) |
| JSWSTEEL | JSW Steel Ltd. | 1,286.10 (+1.28%) |
| GRASIM | Grasim Industries Ltd. | 3,105.80 (+1.13%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| INFY | Infosys Ltd. | 1,121.10 (-2.11%) |
| HCLTECH | HCL Technologies Ltd. | 1,108.70 (-2.07%) |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 376.35 (-1.22%) |
| TRENT | Trent Ltd. | 2,722.80 (-1.16%) |
| BEL | Bharat Electronics Ltd. | 403.80 (-1.11%) |
Global Cues
Asian markets are trading mostly lower this morning, impacted by escalating US-Iran tensions and a rise in crude oil prices, which fuels inflation concerns. US markets closed sharply lower yesterday, reacting to the geopolitical developments and May’s Consumer Price Index (CPI) report, which showed a 0.5 percent increase.
Economy & Macro
- India’s outward Foreign Direct Investment (FDI) commitments saw a significant decline of 49.02 percent in May, falling to $4.49 billion.
- The nation’s total exports reached an all-time high of $863 billion in FY26.
- India recorded a current account surplus of $7.1 billion, or 0.7 percent of GDP, in Q4FY26.
RBI & Policy
- The government has extended the Credit Guarantee Scheme for Microfinance (CGSMFI) – 2.0 until August 31, 2026.
- Excise duty has been waived on various ethanol-blended petrol variants (E22, E25, E27, E30) to encourage adoption.
Watch
- Susan Electricals India Ltd.: The IPO opens today, June 11, and closes on June 15, with a price band of ₹120-127 per share.
- Utkal Speciality Industries India Ltd.: This IPO, which opened yesterday, June 10, will close tomorrow, June 12, with a price band of ₹62-66 per share.
The Indian Rupee is weakening against the US dollar in early trade today. Yesterday, the rupee closed marginally weaker at 95.43 against the dollar.
Corporate Announcements
- Infosys Ltd.: The company announced a multi-country AI-powered ERP transformation collaboration with IHH Healthcare to accelerate growth.
Despite global headwinds and consistent FII selling, strong DII inflows are providing a crucial cushion to Indian markets, highlighting robust domestic investor confidence.
The ongoing geopolitical tensions in West Asia and their impact on crude oil prices remain a significant factor for your portfolio, warranting close monitoring.