A rally in bank stocks and cooling oil prices also added to the markets' optimism.

Sensex, Nifty at close on Tuesday, June 9

The 30-share BSE Sensex climbed 394.50 points, or 0.54 per cent, to settle at 73,918.76. During the day, it jumped 511.15 points, or 0.69 per cent, to 74,035.41.

The 50-share NSE Nifty ended 119.10 points, or 0.52 per cent, higher at 23,242.10. Intra-day, the benchmark index climbed 156.4 points, or 0.67 per cent, to 23,279.40. This came as India VIX, which measures volatility in the market, fell nearly 9 per cent to 15.56.

Stock Market Today Closing: Quick Highlights

• Nifty snaps 2-session losing streak, advances over 0.5% and closes above 23200
• Top Performer - INDIGO and Jio Finance
• Top Loser -Titan and ONGC
• Nifty Bank advances over 2% and closes ~55200 mark, all constituents close in green mainly led by gains in BOB and Canara bank
• Nifty Midcap snaps 2 session losing streak advances ~800 points and closes above 60700 mark
• PI Industries and MOFSL were the top performers
• Nifty Smallcap snaps 2 session losing streak advances ~300 points and closes above 18000
• Data Patterns and Pine Labs were the lead gainers
• Nifty PSU Bank top sectoral gainer advances ~3.6%, all constituents close in green, Maharashtra Bank and BOB lead gains
• Nifty Realty advances over 1.6% ; all constituent close in green, Oberoi Realty and DLF were the top performers
• Nifty Auto advances over 1.3%; all constituent close in green, Uno Minda and Bosch were the lead gainers
• Nifty FMCG advances over 0.7%, mainly led by Emami and Dabur
• Nifty Pharma advances ~0.6% , Divis Lab and Piramal Pharma lead gains
• Nifty Metal snaps 4-session losing streak, advances ~0.6% mainly led by Welspun Corp and Hindustan Copper
• Nifty Energy snaps 2-session losing streak, advances ~0.2%, Ge Vernova T&D and Aegis Logistics were the lead gainers
• Nifty IT closes in red for 5th consecutive session, top sectoral loser declines ~0.5%; Tech Mahindra and OFSS lead losses

Stock Market Today - Sensex Heatmap - Top gainers and losers

Among the Sensex firms, InterGlobe Aviation, State Bank of India, ICICI Bank, Axis Bank, Bajaj Finance and Asian Paints were the major winners. Titan, NTPC, Power Grid and Tech Mahindra were among the laggards.

Among the major contributors to the gains, InterGlobe Aviation, Jio Financial Services, and Eicher Motors emerged as the top performers within the Nifty pack, driving index gains during the session.

Sachin Gupta, VP - Research, Technical Research, at Choice Broking Private Limited, said, "Indian equity benchmark Nifty index witnessed a positive close on 9th June 2026. The index opened with a gap-up of 136.05 points at 23,259.05, reflecting positive sentiment at the start of the session compared to the previous close of 23,123.00. However, the index witnessed selling pressure during the first half and slipped to an intraday low of 23,104.45. Buying interest emerged from lower levels thereafter, helping the index recover steadily through the second half. The recovery gained momentum towards the latter part of the session, pushing the index to an intraday high of 23,279.40. The Nifty eventually settled at 23,242.10, ending the day with a gain of 119.10 points or 0.52%. On the daily timeframe, the index formed a Dragonfly Doji-like candlestick pattern, indicating strong buying interest emerging from lower levels. The formation suggests that bulls managed to absorb selling pressure and regain control during the latter half of the session."

From a technical perspective, Gupta said the immediate support is placed in the 23,000-23,050 zone, while resistance is observed in the 23,450-23,500 range. "The Relative Strength Index (RSI) stands at 39.58, indicating that momentum remains weak but has shown signs of improvement from oversold levels. The volatility index, India VIX, declined by 8.53% to close at 15.58, indicating easing volatility and improving confidence among market participants. In the derivatives segment, notable call writing was observed at the 23,300 and 23,500 strikes, while put writing was concentrated at the 23,200 and 23,000 levels, indicating a broader trading range with support shifting near lower levels," he said.

Sectorally, the market witnessed broad-based buying interest. Strong performance was visible in PSU Banks, Banking, Financial Services, Realty, Private Banks, Chemicals and Auto stocks. IT and Media remained among the few sectors that ended in negative territory. Market breadth remained firmly positive, with advancing stocks comfortably outnumbering declining stocks, reflecting strong participation across the broader market.

The Bank Nifty index, he said opened with a gap-up of 201.25 points at 54,265.00 and registered its intraday low of 54,242.30 within the first few minutes of trade. Thereafter, sustained buying interest emerged across the banking space, helping the index move higher throughout the session. "The momentum remained strong during the second half, leading the index to its intraday high of 55,318.35. Bank Nifty eventually settled at 55,194.50, ending the day with a gain of 1,130.75 points or 2.09%. On the daily timeframe, Bank Nifty formed a Bullish Marubozu-like candlestick pattern, indicating strong buying conviction and sustained demand throughout the session. The pattern reflects dominance of bulls and suggests positive momentum in the near term," the analyst said.

"From a technical perspective, immediate support is placed in the 54,500-54,700 zone, while resistance is observed in the 55,800-56,000 range. The Relative Strength Index (RSI) stands at 55.48, indicating improving momentum and strengthening bullish undertones in the banking index," he added.

"Markets witnessed a constructive session with both benchmark indices recovering from intraday weakness and ending the day in positive territory. While Nifty managed to rebound from lower levels and close with gains, Bank Nifty significantly outperformed and registered a strong rally led by broad-based strength across banking and financial stocks. Market breadth remained healthy with advances substantially exceeding declines, while the sharp decline in India VIX reflected easing volatility and improving risk appetite. Going forward, sustained movement above immediate resistance zones will be crucial for confirming further recovery momentum in the market.," Gupta concluded.

On rupees, Dilip Parmar, Research Analyst, HDFC Securities, said, "The Indian rupee appreciated as a recovery in risk-on sentiment was driven by a weaker greenback and declining crude oil prices amid hopes of easing geopolitical tensions. Additionally, the resumption of inflows into the debt market, following recent RBI measures, provided further support. In the near term, spot USDINR faces resistance at 95.80 and support at 94.70, with the short-term bias remaining constructive for the rupee on expectations of continued inflows."

Sectoral indices on Tuesday, June 9

Sectorally, PSU banking stocks led the rally, with the Nifty PSU Bank index surging over 3 per cent.

The Nifty Realty, Nifty Auto, and Nifty Financial Services indices also ended the session with healthy gains, supported by buying interest in rate-sensitive and cyclical sectors.

However, not all sectors participated in the uptrend. The Nifty IT and Nifty Media indices witnessed declines and emerged as the top laggards for the day.

Brent crude, the global oil benchmark, declined 1.66 per cent to USD 92.69 per barrel.

In Asian markets, South Korea's Kospi, Japan's Nikkei 225 and Shanghai's SSE Composite index ended higher, marking a rebound from the sharp losses in the previous trade, while Hong Kong's Hang Seng index settled lower.

The Kospi surged 8.18 per cent, the Nikkei 225 index climbed 2.17 per cent and the SSE Composite index went up by 1.28 per cent. Markets in Europe were trading in the positive territory.

Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,555.67 crore on Monday, according to exchange data.

Stock Market Closig on Monday, June 8

On Monday, the 30-share BSE Sensex tumbled 719.08 points, or 0.97 per cent, to settle at 73,524.26. During the day, it dived 924.4 points, or 1.24 per cent, to 73,318.94.

The 50-share NSE Nifty dropped 243.70 points, or 1.04 per cent, to 23,123. In intra-day trade, the benchmark lost 296.55 points, or 1.26 per cent, to 23,070.15.

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