Gaurav Garg, 

Research Analyst

Lemonn Markets Desk

Mumbai, 11 June 2026: The Indian stock market closed on a cautious note today, with the Nifty 50 settling at 23161.6 lower by -53.35 points or -0.23%. The session was characterized by the Bearish Rising wedge ,as the index opened at 23104.4 , reached a high of 23327.45, and touched a low of 23072.05 The Sensex also ended lower, falling -150.62 points, to close at a weaker level.

Sectoral performance remained mixed during the session, with Media emerging as the top-performing sector, followed by Pharma, Private Bank, Healthcare, and Midcap Healthcare, reflecting selective buying in defensive and healthcare stocks. On the downside, IT witnessed the sharpest decline, followed by Fin Services Ex-Bank, Chemical, Construction, FMCG, and PSU Bank, indicating weakness across technology, financial, and consumption-oriented segments. Realty, Cement, Metals, Oil & Gas, Auto, and Financial Services also ended in negative territory, while broader market sentiment remained cautious amid sector-specific profit booking.

On the fundamental front, the market witnessed a positive start and remained resilient during the first half of the session, supported by selective buying interest. However, sentiment weakened in the latter half as rising geopolitical tensions between the US and Iran lifted crude oil prices, sparking concerns over inflationary pressures and India's import costs. Weakness in the rupee, uncertainty over global interest rates following stronger-than-expected US inflation data, and cautious foreign investor activity further weighed on sentiment. The combination of these factors triggered broad-based profit booking, leading the market to close in negative territory.