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Nifty50 falls 86.20 points to 23,128.75, while Sensex drops 311.08 points to 73,672.10.
HCLTech, Infosys, and Tech Mahindra emerge as the biggest losers.
Pharma and healthcare stocks outperform, while IT remains the weakest sector.
Indian stock markets trade lower on Thursday, June 11, 2026. Rising tensions between the United States and Iran keeps investors worried. As a result, many investors stay cautious and sell shares. At press time, the Nifty50 fell 86.20 points, or 0.37 percent, to 23,128.75. The Sensex drops 311.08 points, or 0.42 percent, to 73,672.10.
The latest conflict between the US and Iran affects markets around the world. The United States launches more attacks on Iran, which increases concerns about the situation in the Middle East.
US President Donald Trump said on Wednesday that Tehran had a long time to negotiate a deal with Washington, which would have been good for them, but now they have to pay the price. He also says that the US will attack them ‘very hard’.
These developments create fear in global markets. As a result, many investors avoid taking risks and prefer to stay careful.
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Technology shares face the biggest losses during the session. The Nifty IT index falls more than 2 percent and becomes the worst-performing sector.
HCLTech, Infosys, and Tech Mahindra are the top losers in the Nifty50 index. Selling in these major IT stocks puts pressure on the benchmark indices and keeps the market weak.
The weakness is not limited to large companies. Mid-sized and small-sized companies also see losses. The Nifty MidCap index trades 0.42 percent lower. The Nifty SmallCap index falls 0.20 percent. This shows that selling takes place across many parts of the market.
Most sectors trade lower on Thursday. Along with IT, the Nifty Consumer Durable, Nifty Auto, and Nifty Chemical indices record notable losses.
However, some sectors perform better than the market. The Nifty Pharma and Nifty Healthcare indices outperform and provide some support.
Despite weakness in the stock market, activity in the IPO market continues. Utkal Speciality's initial public offer enters the second day of subscription on Thursday. The company plans to raise ₹34.54 crore from the primary market.
Susan Electricals IPO and Horizon Reclaim (India) IPO open for subscription on Thursday. Both are book-built issues. Susan Electricals seeks to raise ₹70.38 crore, while Horizon Reclaim (India) aims to raise ₹54.27 crore.
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The Indian stock market remains under pressure as tension between the US and Iran affects investor confidence. The Nifty50 and Sensex stay in negative territory, while IT stocks lead the decline.
At the same time, pharma and healthcare shares show strength. Investors now closely watch global developments, as fresh updates from the US-Iran situation may affect market direction in the coming sessions.
The Indian benchmark indices fell due to escalating geopolitical tensions between the United States and Iran. Following statements from US President Donald Trump regarding potential military actions, global market sentiment turned risk-averse, prompting investors to sell equities in favor of safer assets.
The IT sector experienced the most severe downturn, with the Nifty IT index plunging over 2 percent. High exposure to global macroeconomic uncertainties made technology shares vulnerable to aggressive selling pressure.
Major technology heavyweights led the decline. HCLTech, Infosys, and Tech Mahindra emerged as the top losers, dragging down the benchmark indices significantly during the trading session.
The Nifty Pharma and Nifty Healthcare indices showed strong resilience, outperforming the broader market. Defensive sectors typically attract capital during periods of geopolitical uncertainty as investors look for stable earnings insulation.
Primary market activity remained highly active despite secondary market volatility. Utkal Speciality entered its second day of subscription, while the book-built initial public offerings of Susan Electricals and Horizon Reclaim (India) opened for bidding.
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