Market Snapshot USD/INR ₹95.35 -0.4% Nifty 50 Index 23,242.10 +0.5% India 10-Year Bond Yield 6.91% -0.05 Spot Gold ($/oz) $4,184.71 -1.8% S&P 500 Futures 7,376.25 -0.2% Market data as of 08:14 AM IST, Jun. 10, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Rajesh Mascarenhas in Mumbai with your key market updates before start of the trade. T...
Market Snapshot USD/INR ₹95.35 -0.4% Nifty 50 Index 23,242.10 +0.5% India 10-Year Bond Yield 6.91% -0.05 Spot Gold ($/oz) $4,184.71 -1.8% S&P 500 Futures 7,376.25 -0.2% Market data as of 08:14 AM IST, Jun. 10, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Rajesh Mascarenhas in Mumbai with your key market updates before start of the trade. The Nifty found some footing on Tuesday, snapping a two-day losing streak, with banks at the forefront of the recovery. The overnight cues from global markets are mixed. Oil edged higher after initially dropping below $90 per barrel on prospects of a US-Iran deal, while US investors continued to rotate out of richly valued tech stocks and into sectors more closely tied to the economy. That could be a positive for India, where banks and other domestically-focused sectors, that make up a large chunk of the Nifty, have been holding up far better than IT. Futures on the Nifty indicate a firm opening, even as software shares may come under pressure. The biggest hurdle for stocks remains foreign selling, which is making it harder for rallies to sustain. There was some more encouraging news for the rupee — the government is considering additional measures to attract foreign capital, as policymakers look to strengthen external finances. In today’s newsletter, we explain why: Bank shares are rallying Telcos profit margins may expand Power transmission firms could benefit But first, the debt market is getting a boost from the RBI’s latest liquidity move. Markets Buzz: Short-End Surge Short-term sovereign bonds gained for a fourth straight session on Tuesday, their longest winning run in seven months. The advance has been driven by expectations that foreign-currency deposits raised under the RBI’s concessional swap facility will find their way into short-term assets. Over the past four days, yields on the five-year government bonds have fallen about 31 basis points, aided by relief aft...
Facebook-parent Meta said on Wednesday that it has tied up with Indian billionaire Mukesh Ambani's Reliance Industries for an AI-enabled data center in India. Reliance will build a data center with 168 MW capacity in Jamnagar, Gujarat, which Meta will lease, with options to scale, according to the statement.
Facebook-parent Meta said on Wednesday that it has tied up with Indian billionaire Mukesh Ambani's Reliance Industries for an AI-enabled data center in India. Reliance will build a data center with 168 MW capacity in Jamnagar, Gujarat, which Meta will lease, with options to scale, according to the statement.