Mumbai, June 10: The Indian stock market’s main indices closed flat on Wednesday due to global instability. At the end of the trading session, the Sensex saw a slight increase of 64.42 points, closing at 73,983.18, while the Nifty experienced a minor decline of 27.15 points, ending at 23,214.95.
The broader market faced significant selling pressure. The Nifty Midcap 100 Index dropped by 905.25 points or 1.49%, closing at 59,810.20, and the Nifty Smallcap 100 Index fell by 241.10 points or 1.33%, ending at 17,822.50.
Several sectors, including Nifty Media, Nifty Energy, Nifty Realty, Nifty Metal, Nifty PSU, Nifty India Defense, Nifty Commodities, Nifty Oil & Gas, and Nifty PSU Bank, closed in the red. Conversely, Nifty FMCG, Nifty Private Bank, Nifty Financial Services, and Nifty Services ended in positive territory.
Stocks such as HUL, Axis Bank, Kotak Mahindra Bank, ICICI Bank, ITC, HDFC Bank, L&T, Sun Pharma, Power Grid, and TCS saw gains. However, companies like Tata Steel, Bajaj Finserv, Titan, HCL Tech, M&M, Bharti Airtel, NTPC, BEL, Infosys, and Trent closed lower.
Market experts noted that declines in global markets, including Seoul, Hong Kong, and Tokyo, contributed to the selling pressure in Indian markets. Additionally, the continued selling by foreign institutional investors (FIIs) has also weighed on the market.
On Tuesday, FIIs sold equities worth ₹4,566.03 crores. Experts further indicated that the recent tensions between the U.S. and Iran have added pressure to global markets, leading to a rise in crude oil prices, with Brent crude reaching $92 per barrel again.
The Indian stock market opened with gains. The 30-share BSE Sensex opened at 73,988.27, up 69.51 points from its previous close of 73,918.76, while the NSE Nifty 50 opened at 23,233.95, down 8.15 points from its previous close of 23,242.10. However, both major benchmarks later showed some upward movement.
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