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Informist, Tuesday, Jun. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Markets open up as Iran-Israel halt attacks, crude eases

 

MUMBAI--0943 IST--Benchmark indices opened higher after Israel and Iran decided to halt attacks on each other in West Asia following an appeal by US President Donald Trump. However, Iran said strikes would resume if Israel targeted Hezbollah in Lebanon. The August Brent crude oil futures eased to $93 per barrel from the previous day's high of $98 per barrel. At 0937 IST, the Nifty 50 was at 23221.40, up 98.40 or 0.4%, and the BSE Sensex was at 73853.65, up 329.39 points or 0.5%. 

 

Trent was the top gainer among the Nifty 50 constituents, up nearly 3%. The heavyweight banking stocks ICICI Bank and Axis Bank gained nearly 2?ch. InterGlobe Aviation also rose nearly 2%, snapping its three-day losing streak. The stock gained after the company laid out ambitious targets for 2029-30 (Apr-Mar), such as expanding its fleet to more than 550 aircraft from 400 now, serving around 200 million passengers, and operating 3,000 daily flights.

 

Financial services companies – Jio Financial Services, Shriram Finance, Bajaj Finance, HDFC Life Insurance Co., Bajaj Finserv, and Kotak Mahindra Bank rose 1-2%. Grasim Industries, Wipro, Axis Bank, Mahindra & Mahindra, Asian Paints, and Bajaj Auto rose around 1?ch. Infosys, NTPC, and Titan Co. were the worst hit, each falling around 1%. Tech Mahindra, Tata Steel, Coal India, and HCL Technologies also fell around 1?ch. 

 

All the broader market indices were in green, with the Nifty smallcap indices up 0.8-0.9% and the Nifty midcap indices around 1% higher each. Nifty Realty, Nifty Private Bank, and Nifty Bank were the top gainers among sectoral indices, each up over 1%. Nifty IT was the only underperformer, down 0.5%.

 

Tata Communications was the top gainer in the Nifty 200, rising 4%. IDFC First Bank, Motilal Oswal Financial Services, and ICICI Lombard General Insurance Co. rose around 3%. In contrast, Hitachi Energy India was the worst hit in the index, down over 1%. 

 

In the Nifty 500, Jain Resource Recycling gained nearly 6% to be the top gainer, while NLC India fell nearly 4% to be the worst hit. Shares of the latter fell after the government announced an offer for sale to sell 3% stake in the company.  (Adhithya Aji)

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Equity Alert: IndiGo lays out ambitious FY30 aims, outlook for FY27 volatile   

 

MUMBAI--0842 IST--IndiGo operator – InterGlobe Aviation has laid out aggressive targets for 2029-30 (Apr-Mar) in its interactions with analysts, brokerages said. The management aims to expand its fleet to more than 550 aircraft from 400 now, serve around 200 million passengers, and operate 3,000 daily flights. The average seat kilometres are expected to see a mid-teen compound annual growth rate over FY28–FY30, brokerages said. However, the FY27 outlook is volatile, they added. 

 

In FY26, the airline had around 123 million passengers and 2,200 daily flights, JM Financial Services said. "The roadmap is ambitious and crucially remains anchored to IndiGo's core strengths of cost leadership, fleet commonality and disciplined execution," the brokerage said. The FY27 average seat kilometres are expected to remain in single digits, compared with a 10% growth reported in FY26. This reflects the lingering impact of fleet-related constraints and operational normalisation, JM Financial said.

 

Management's average seat-kilometre guidance reflects disruptions caused by the war in West Asia and capacity rationalisation, Emkay Global Financial Services said. This is before the mid-teen growth in the metric for FY28-FY30, supported by fleet additions, network expansion, and growth in international operations, Emkay said. The brokerage expects IndiGo to see a yield-led year, with mid-teens year-on-year yield growth in the June quarter. This is due to fuel surcharges, a stronger fare environment, a favourable base, and a stable passenger traffic of around 125 million.

 

Emkay has trimmed the average revenue per user for FY27 to 6% from 8?rlier, but has retained the earnings estimate on the back of expected yield growth for the period. The brokerage has a 'buy' call on the stock with a target price of INR 5,200.    

 

One of the major decisions was IndiGo's deliberate transition from domestic carrier to global network airline, JM Financial said. The airline targets 40% international capacity by FY30, driven by the addition of A321XLR flights and widebody aircraft, as well as India's emergence as a transit hub. "The addressable market expands materially from short-haul regional flying to mid-haul and long-haul international routes spanning Europe, East Asia and beyond," JM Financial said. 

 

IndiGo's growth aspiration reflects both volume expansion and participation in higher-value traffic pools, according to JM Financial. "If executed successfully, IndiGo could emerge as one of the few airlines globally combining low-cost economics with international scale," the brokerage added. JM Financial has an 'add' recommendation on the stock. On Monday, shares of InterGlobe Aviation ended 2.7% lower at INR 4,359.70 on the NSE.  (Adhithya Aji) 

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Equity Alert: To move in range on West Asia truce, lower oil prices

 

MUMBAI--0820 IST--Headline equity indices are expected to move in a range Tuesday after the ceasefire announcement between Iran and Israel. Reacting to this, crude oil prices eased to $93 a barrel from its previous session high of $98 a barrel. The GIFT Nifty also indicated a muted opening for the benchmark indices. The indices are expected to track the early gains in the equity markets in Asia.

 

US President Donald Trump Monday announced a ceasefire between Israel and Iran, hours after Israel fired missiles at Iran in retaliation to an attack earlier in the day. "Both sides, Israel and Iran, are looking to do an immediate ceasefire!" Trump posted on Truth Social. "Final negotiations on 'peace' are proceeding, subject to ignorance or stupidity getting in its way." At 0822 IST, Brent crude oil August futures were 0.7% lower at $93.58 a barrel.  

 

"From a technical perspective, Nifty continues to hover near a critical support zone placed at 23100, followed by a stronger support base around 23000," Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity Research, said. "These levels remain pivotal for maintaining the prevailing bullish structure. A decisive move above this level could trigger fresh momentum and open the door for an extension of the ongoing uptrend." Monday, the Nifty 50 closed 1% lower at 23123, down over 240 points. At 0801 IST, GIFT Nifty June futures were slightly lower at 23153. This was 30 points higher than the Nifty 50's Monday close.  

 

Shares of PSU Banks will be in focus Tuesday after the Reserve Bank of India introduced a dollar-rupee forex swap facility for external commercial borrowings and overseas foreign currency borrowings with a concessional forex swap facility for public sector undertakings. This was opened to attract foreign capital inflows and strengthen the domestic currency. The Nifty PSU Bank index closed nearly 1% lower Monday.

 

Shares of Bharti Airtel and Vodafone Idea will also be in focus during the session, as the Bombay High Court Monday set aside the government's demand orders seeking payment of one-time spectrum charge from the telecom companies for the years 2008 to 2012. The high court said the government was not able to justify the decision and its action of levying one-time spectrum charge retrospectively upon Bharti Airtel and Vodafone Idea. Shares of Bharti Airtel ended nearly 1% higher Monday, while those of Vodafone Idea closed nearly 4% lower.

 

Most Asian equity markets were higher in early trade, with South Korea's KOSPI gaining the most. The index, which was up after falling for the past three sessions, gained over 3%. Barring the Dow Jones Industrial Average, the other two major US indices settled higher Monday.  (Arundathi A R)

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Informist, Tuesday, Jun. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices in Asia gain, South Korea's KOSPI outperforms

 

MUMBAI—0818 IST--Most indices in Asia were up in early trade on Tuesday. South Korea's KOSPI rebounded strongly, gaining more than 3%. Japan's Nikkei 225 and TOPIX were also higher. Gains in technology stocks on Wall Street overnight, coupled with Iran and Israel holding off on further military action, supported sentiment. Brent crude oil futures slipped more than 4% from Monday's highs to $94 per barrel.

 

"Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on "Peace" are proceeding, subject to ignorance or stupidity getting in its way," US President Donald Trump said in a post on Truth Social. 

 

On the macroeconomic front, China's trade surplus was resilient at $105.4 billion, well above the expected $86.8 billion, according to Dow Jones Newswires. Its exports rose 19.4% on the year, while imports incerased 27.4%. Growth in exports and imports in May surpassed expectations. China's CSI 300 was up 0.1% and the SSE Composite gained 0.3%. 

 

Meanwhile, business confidence in Australia remained weak in May at (-)14, compared with (-)23 in April, according to the survey conducted by the National Australia Bank. "... with global uncertainty persisting, the domestic backdrop softening and cost pressures remaining elevated, confidence remains very weak and in negative territory across all industries," the report said. Australia's benchmark S&P/ASX 200 was down 0.6%.

 

The following were the levels of major Asian indices at 0816 IST:

 

Index	Level	Change in %
CSI 300 Index	4728.4751	0.31
Hang Seng Index	24647.93	(-)0.04
Nikkei 225 Day	64506.46	0.75
TOPIX FIRST SECTION	3871.65	0.50
KOSPI	7708.71	3.00
FTSE Singapore Strait Times	5010.86	0.95
S&P/ASX 200 Index	8580.70	(-)0.55

 

(Ruchira Kagita)

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Equity Alert: Chipmakers rebound on Wall Street; NASDAQ, S&P 500 gain

 

MUMBAI--0740 IST--Chipmakers rebounded on Wall Street on Monday after seeing an intense sell-off on Friday. The NASDAQ Composite and S&P 500 ended higher on Monday, even as the Dow Jones Industrial Average closed lower. Israeli Prime Minister Benjamin Netanyahu's comment that the country would hold off on further strikes against Iran aided the sentiment. 

 

Shares of Micron Technology were up almost 10%, while Advanced Micro Devices rose 5%, ASML Holding over 6%, and Broadcom nearly 3%. Marvell Technology, which had closed 16% lower on Friday, advanced almost 10%. Intel Corp. soared around 11?ter The Information reported that Alphabet, the parent of Google, placed an order with Intel to manufacture over 3 million tensor processing units in 2028. Meanwhile, the Philadelphia Semiconductor Index, which tracks 30 major companies involved in semiconductor design and manufacturing, was up almost 6%. All constituents of the index closed in the green.

 

"This market has been priced for quite a while for perfection, and these are certainly imperfect times. In that environment, you are going to see some back-and-forth, and some fear of prices having gone too far," Rick Meckler, partner at Cherry Lane Investments, told Reuters.

 

In some other news, Apple rolled out an artificial intelligence-powered version of Siri at its annual Worldwide Developers Conference in Cupertino, California. "Some appear to be racing forward, seemingly pursuing AI for the sake of AI, without clear regard for the people, all of us, that it's ultimately meant to serve," Reuters quoted Craig Federighi, Apple's senior vice president of Software Engineering, as saying at the conference. Investors, however, were not so enthused about the new launch. Shares of the iPhone maker were down almost 2%. 

 

The following were the closing levels of major US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	50786.01	(-)0.16
NASDAQ Composite	25929.66	0.86%
S&P 500	7405.73	0.30%

 

(Ruchira Kagita)

 

US$1 = INR 95.71

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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