India Market Daily — 2026-06-13
Indian equities surged on June 12 as hopes of a US-Iran peace deal and plummeting crude oil prices lifted sentiment, with Sensex and Nifty 50 both gaining over 2%. FIIs continued selling at ₹1,082 crore net, while DIIs stepped in with ₹5,341 crore in buying, offsetting foreign selling pressure and driving the rally.
India Market Daily — 2026-06-13
Market Snapshot
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,622.90 | +461.30 | +1.99% |
| Sensex | 75,527.95 | +1,695.40 | +2.30% |
| Bank Nifty | Data unavailable | — | — |
| Nifty IT | Data unavailable | — | — |
| Nifty Pharma | Data unavailable | — | — |
Top Gainers & Losers
Gainers
- Shriram Finance: Top Nifty gainer, up ~2% amid credit cycle strength
- L&T (Larsen & Toubro): +2%, benefiting from US-Iran deal optimism and reduced geopolitical premium
- InterGlobe Aviation: Strong performance as energy costs ease
- Bajaj Finance: Equity upside on risk-on sentiment
- HDFC Bank: Among top movers in positive territory
Losers
- Nestle India: Major laggard, facing headwinds from food price pressures
- ONGC (Oil & Natural Gas Corporation): Pressure from collapsing crude oil prices, down ~1%
- Tech Mahindra: IT sector weakness limiting gains
- Power Grid Corporation: Utility sector underperformance
- SBI Life Insurance: Insurance stock decline amid mixed sentiment
moneycontrol.com
moneycontrol.com
moneycontrol.com
Stock Market: Stock Market Today | Stock Market Live News Update - Moneycontrol.com
FII & DII Trading Activity in Cash, Futures and Options, OI Participants, MF SEBI & FII SEBI Daily T
Closing Bell: Sensex slips 322 pts, Nifty at 26,250; IT, telecom, oil & gas drag | Moneycontrol News
FII & DII Activity
| Category | Net Buy/Sell (₹ Cr) | Trend |
|---|---|---|
| FII (Foreign) | -1,082.18 | Continued selling; selling streak persists |
| DII (Domestic) | +5,341.29 | Strong buying; domestic investors absorbing FII selling |
Domestic institutional investors (DIIs) robustly supported the market with ₹5,341 crore in net purchases, more than offsetting FII outflows of ₹1,082 crore. DII strength indicates domestic confidence despite persistent foreign selling pressure, a pattern seen throughout June.
Sector Performance
Banking: Led the rally, buoyed by improving deposit dynamics and rate-cut hopes from lower inflation Infrastructure (L&T, Power): Mixed, with L&T gaining on deal hopes but Power Grid declining IT: Lagged broader market; Tech Mahindra and other software exporters sold off Oil & Gas: ONGC weakness from crude collapse; energy sector under pressure Pharmaceuticals: No specific data available Financials: Banks and NBFCs outperformed on credit cycle strength
Crude oil's drop below $90/barrel—a 3-month low—was the dominant factor, lifting non-oil stocks and relief-rallying the market after weeks of geopolitical tension.
Key Market Movers
Trump Signals US-Iran Peace Deal: Former President Donald Trump hinted at a possible resolution to US-Iran tensions on June 12, triggering a sharp de-escalation in geopolitical risk. Crude oil crashed below $90/barrel—a 3-month low—providing relief to import-dependent India and lifting market sentiment across the board.
India's Retail Inflation at 3.93% in May 2026: Retail inflation rose to 3.93% in May, the highest in the new inflation series launched in January 2026, driven by food prices. However, the print remained below the RBI's 4% tolerance band and is holding well below market fears, supporting the case for rate stability.
FY27 Growth Forecast Cut to 6.6%: The RBI and international agencies (World Bank, BMI) have downgraded India's FY27 growth forecast to 6.6% from earlier projections of 6.9-7.2%, citing slower investment and consumption growth. India will remain the world's fastest-growing major economy, but momentum is moderating.
Corporate Profits Outpace GDP Growth: Despite growth moderation, Indian corporate profits grew faster than GDP in FY26, with companies upbeat about demand and capital spending, supporting equity valuations in a period of geopolitical and macro uncertainty.
Macro & Global Cues
- Rupee: No specific INR/USD rate data available for June 12, but rupee volatility moderated as crude oil stabilized and geopolitical risk eased
- Crude Oil: Brent crude crashed below $90/barrel (3-month low) on US-Iran peace deal optimism, easing import costs and inflation pressures on India
- US Markets: Overnight US markets gained amid de-escalation sentiment; positive global backdrop supported Indian equities
- Bond Yields: No real-time data available; RBI held repo rate at 5.25% in early June
The sharp reversal in geopolitical risk and crude oil's collapse have provided a major tailwind for Indian markets. Lower energy costs reduce import-driven inflation, supporting the RBI's measured stance on rates and easing pressure on corporate margins in the energy-intensive sectors.
What to Watch Tomorrow
- Q1 Corporate Earnings: FY27 earnings season kicks off; focus on profit growth amid moderating economic growth
- Global Oil Markets: Watch for further crude price movements; any reversal toward $100+ could hurt sentiment
- US Economic Data: CPI or jobs reports could shift global rate-cut expectations and impact FII flows into India
- RBI Commentary: Any hints on future rate cuts or inflation management amid mixed macro signals
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
Powered by
