NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on June 10

The Indian equity benchmarks are set to lower Wednesday, June 10, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad declined 59 points or 0.25% to 23,272 amid weak cues from Asian markets.

The Indian equity benchmarks snapped their two-day losing streak on Tuesday, June 9, powered by gains in banking shares after the Reserve Bank of India on Monday introduced a US dollar-rupee forex swap facility for fresh FCNR (B) deposits mobilised by banks for a minimum tenor of three years and a maximum of five years to attract foreign capital.

The SENSEX ended 395 points higher at 73,918 and NIFTY50 index advanced 119 points to close at 23,242.

Asian markets

Asian markets were trading lower as geopolitical tensions flared up in West Asia after United States and Iran carried out a fresh round of military action against each other amid no signs of a peace deal from the third round of ongoing negotiations.

Japan's Nikkei declined 1.04%, China's Shanghai Composite fell 0.66%, Hong Kong's Hang Seng dropped 1% and South Korea's KOSPI dropped 3.43%.

Crude oil update

Crude oil prices jumped to above $92 per barrel (bbl) during the early market hours on Wednesday, June 10, after the United States and Iran carried out a fresh round of military action against each other amid no signs of a peace deal from the third round of ongoing negotiations.

During Tuesday’s evening commodity market session, global benchmark, Brent crude oil prices dropped to near $89 per bbl only to later surge by 4.4% intraday to a high of $93 per bbl during morning market hours, India time.

The United States Central Command (CENTCOM) in an official post disclosed about the recent “self defence” military strikes on Iran, which comes hours after US President Donald Trump’s warnings that America will respond to the attack on its Apache helicopters.

Wall Street update

US stocks ended lower in a highly volatile session as recently outperforming AI stocks came under selling pressure.

The S&P 500 fell 0.3% after careening between an initial gain of 1% and a midday loss of 2.3%, pulling further from its all-time high set a week ago. After similar yo-yo moves, the Dow Jones Industrial Average added 86 points, or 0.2%, and the Nasdaq composite dropped 1%, news agency AP reported.

FII/DII activity

Foreign institutional investors (FII) sold shares worth ₹4,566.03 crore on Tuesday while domestic institutional investors bought stocks worth ₹6,159.48 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,81,316 crore, data from National Securities Depository Limited (NSDL) showed.

Stocks to watch

The company said that it has received a letter of award (LoA) from the Vadhvan Port Project Limited (VPPL) for the construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra.

US crude oil futures (WTI) for July delivery added 0.74% to $88.89 per barrel, paring gains after jumping over 1%. Brent futures, the international benchmark, for August delivery, rose 0.82% to $92.20 per barrel.

Besides upstream and downstream companies, paints, tyres, and aviation stocks will also be in the spotlight.

According to block deal data available on the NSE, Ravi Agrawal Trust offloaded 34.50 lakh shares, representing a 2.76% stake in Mumbai-based Ajanta Pharma.

The shares were sold at an average price of ₹2,968 apiece, taking the deal value to ₹1,023.96 crore.

After the latest transaction, Ravi Agrawal Trust's shareholding in Ajanta Pharma fell to 10.24% from 13%. Also, the combined holding of promoters and promoter group entities dropped to 63.49% from 66.25%.

Meanwhile, Kotak Mahindra Mutual Fund (MF) bought 21.02 lakh shares of Ajanta Pharma, and Aditya Birla Sun Life MF acquired 13.47 lakh shares of the company at the same price, as per the data.

The shares were disposed of in the price range of ₹522.08-₹524.97 apiece for a combined value of ₹242.80 crore.

Meanwhile, Nippon India Mutual Fund picked 25 lakh shares or a 1.64% stake in Mumbai-based BlueStone Jewellery and Lifestyle for over ₹130 crore.

BC Investments IV Ltd, a Mauritius-based investment vehicle and an affiliate of Bain Capital, offloaded 36 lakh shares, representing a 1.89% stake in Pune-based Emcure, according to block deal data on the National Stock Exchange (NSE).

The shares were disposed of at an average price of ₹1,700 apiece, taking the transaction value to ₹612 crore.

Meanwhile, Kotak Mahindra Mutual Fund purchased the same number of shares, as per the data.

According to the block deal data on the NSE, Ardour Investment Holding Ltd, a promoter entity, offloaded 2,15,00,000 shares representing a 1.3% stake in Adani Green Energy.

The shares were disposed of at an average price of ₹1,510 apiece, taking the transaction value to ₹3,246.50 crore.

At the end of the March quarter, Ardour Investment Holding Ltd owned a 6.35% equity stake in the company.

Meanwhile, Adani Infra (India) Ltd acquired the same number of shares, as per the data.

Under the initiative, the company, which had in May announced a price hike by up to Rs 30,000 across models from this month, said prices of its small car will remain protected for all bookings done up to June 14, 2026.

"On the feedback of our channel partners, we have announced a price protection scheme for entry customers. Their (channel partners') plea was simple: the customer who is stepping forward with courage to buy a car should not be pushed back by a price hike. So, we are considering a price protection window for small car buyers. If you book, we give you a cushion," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said.