Stock Market, June 11: Seven things you need to know before the Opening Bell

The domestic stock market snapped its four-day winning run on Tuesday, June 10, amid profit-taking in banking and energy shares. The S&P SENSEX declined by 53.49 points, or 0.06%, to settle at 82,391.72. Out of 30 constituents, 14 ended lower, while 15 settled with gains and one remained unchanged.

The 50-share NIFTY50 index of the NSE gained 1.05 points to end at 25,104.25, marking its fifth straight day of gains on the back of gains in IT and pharma shares.

Here is a list of the top seven things you need to know before trading begins.

GIFT NIFTY Futures level

The GIFT NIFTY futures suggest that the NIFTY50 index will open 24 points higher today.

Wall Street Update

US stocks ended higher as investors bet on positive results from US-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year. US Commerce Secretary Howard Lutnick said the trade talks were going well and he hoped they would end on Tuesday night but said they could run into Wednesday.

The S&P 500 climbed 0.55% to end the session at 6,038.81 points. The Nasdaq gained 0.63% to 19,714.99 points, while the Dow Jones Industrial Average rose 0.25% to 42,866.87 points.

Asian Market Update

Stocks were cautious in the early trade as investors awaited more detail of what was decided in US-China trade talks. Japan's Nikkei added 0.4%, and Australian stocks firmed 0.4%, per a Reuters report.

EUROSTOXX 50 futures, FTSE futures and DAX futures were all down 0.2%, while S&P 500 futures and Nasdaq futures both lost 0.1%. The reaction in currency markets was equally restrained, with the dollar dipping 0.1% against the Japanese yen to 144.73. The euro edged up to $1.1433, and the dollar index held steady at 98.971.

Oil price update

Oil prices fell in early trade on Wednesday as markets were assessing the outcome of US-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market.

Brent crude futures lost 24 cents, or 0.36%, to trade at $66.63 a barrel, while US West Texas Intermediate crude fell 21 cents, or 0.32%, to $64.77 in the early trade.

FII/DII Activity

The foreign investors net bought shares worth ₹2,301.87 crore on Tuesday, June 10, while domestic institutional investors (DIIs) net purchased shares worth ₹1,113.34 crore.

Maruti e-Vitara Production Cut

The country's largest carmaker, Maruti Suzuki India, is recalibrating production of its upcoming model, the e-VITARA, due to the shortage of rare earth magnets, industry sources said.

The auto major is looking to produce around 8,000 units of the model by September as opposed to the earlier stated plan of rolling out over 26,000 units during the period.

The company, however, plans to make up for the production dip in the subsequent months with a stated target to produce around 67,000 units of the model this fiscal year, sources said.

Maruti Suzuki India declined to comment on the matter.

India's FY26 Growth Remains 6.3%: World Bank

In April, the World Bank had lowered India's growth projection for 2025-26 to 6.3 per cent from its January forecast of 6.7 per cent.

According to the World Bank's latest Global Economic Prospects report, heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions.