Indian benchmark equity indices staged a strong recovery on June 10, with the BSE Sensex surging more than 500 points and the NSE Nifty trading below the 23,400 mark. The rally was led by strong buying in heavyweight stocks such as Reliance Industries and Hindustan Unilever, helping markets rebound after recent volatility.
Market sentiment improved after Reliance Industries gained following reports that Meta Platforms would lease capacity in the company’s upcoming artificial intelligence-enabled data centre in India. The development boosted investor confidence and triggered buying across sectors, lifting broader market indices.
The rebound came after a volatile start to the week when concerns over escalating tensions in West Asia and rising crude oil prices had weighed on domestic equities. Investors returned to the market as expectations of improved foreign currency liquidity and easing pressure on oil prices supported risk appetite.
Reliance Industries and Hindustan Unilever emerged among the top gainers of the session, contributing significantly to the benchmark indices’ rise. Banking, consumer goods and technology stocks also witnessed buying interest. On the other hand, some oil and metal counters remained under pressure and figured among the day’s laggards as investors remained cautious about commodity price fluctuations.
Most sectoral indices traded in positive territory, reflecting broad-based participation in the market recovery. Earlier in the day, GIFT Nifty had signalled a firm opening, indicating improved investor sentiment.
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