Indian benchmark indices, the Sensex and Nifty, commenced Wednesday's trading session on June 10, 2026, with significant gains, defying weaker global market signals and ongoing geopolitical tensions in West Asia involving the US and Iran.
Market Opening Highlights
At 9:17 am IST, the BSE Sensex climbed 373.72 points, or 0.51%, to reach 74,292.48, after briefly touching an intraday high of 411 points. Concurrently, the NSE Nifty 50 advanced 91.25 points, or 0.39%, to trade at 23,333.35, having earlier peaked at 23,337.80.
Among the Sensex constituents, Reliance Industries (RIL) saw a notable jump of 1.41%, trading at Rs 1287.45. Trent also performed strongly, advancing 0.58%. Other key gainers included State Bank of India (SBI) with a 0.52% rise, HDFC Bank increasing by 0.49%, and Infosys up 0.46%.
Global Cues and Expert Outlook
The positive domestic opening occurred despite a backdrop of generally lower trading across broader Asian markets. The resilience was observed even as crude oil prices remained below the $93 per barrel mark, indicating that market participants might be viewing the West Asia conflict escalation as a temporary event.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd., commented on the situation, suggesting that the market is likely to largely disregard the heightened conflict in West Asia as a 'one-off' event. He also noted a 'fatigue' setting into AI-related trades in global markets, with foreign institutional investors (FIIs) showing increased caution regarding concentration risks in regions like South Korea and Taiwan.
In the preceding session on Tuesday, the Sensex had closed up 394.50 points (0.54%) at 73,918.76, while the Nifty gained 119.10 points (0.52%) to settle at 23,242.10.
Broader Asian markets mostly traded lower on Wednesday. Japan’s Nikkei 225 declined 1.12%, South Korea’s Kospi plunged 3.57%, and Hong Kong’s Hang Seng slipped 1.07%. Overnight on Wall Street, the S&P 500 fell 0.26%, and the Nasdaq Composite plunged 0.86%, though the Dow Jones Industrial Average edged up 0.17%.
Gaurav Udani, Founder of Thincredblu Securities Pvt. Ltd., highlighted the market's extreme sensitivity to news, warning that sharp intraday swings cannot be ruled out. He advised traders to closely monitor support levels, favoring a level-based approach over aggressive positioning given the cautious setup.