- Indian indices close higher; IT leads, PSU banks lag
- US markets await inflation data amid tariff news
- Chinese EV stocks rise on supplier payment pledges
Indian equity benchmarks ended marginally higher on June 11, led by gains in IT and oil & gas stocks. The Nifty closed near 25,150, while the Sensex rose 124 points, buoyed by tech giants like HCL Technologies, Infosys, and Wipro.
Globally, attention shifted to the US inflation print and its implications for interest rates. Despite a recent trade consensus with China, US futures slipped, with the Dow and Nasdaq in red territory.
Global Markets Navigate Tech Gains, Inflation Worries, and Supply Chain Reforms
India’s stock market ended on a cautious yet positive note as IT companies led the charge on June 11. Strong performances from Infosys, Wipro, and HCL Technologies lifted the indices, while the drag from PSU banks and select infrastructure players capped broader gains. Market breadth remained slightly positive, with midcap and smallcap indices flat.
On Wall Street, futures dipped ahead of critical inflation data, with investors bracing for a possible uptick in consumer prices. Tesla’s rally offered a bright spot as the S&P 500 and Nasdaq inched closer to record highs. A US court’s decision to retain Trump-era tariffs added a layer of uncertainty, keeping the dollar stable and commodity markets tentative.
In Europe, a renewed scare from Electricité de France’s Civaux 2 reactor triggered a spike in power prices. With hints of stress corrosion surfacing again, French year-ahead electricity rates surged over 8%, recalling the energy crunch from 2022 when multiple reactors were shut for repairs.
Meanwhile, China’s EV sector took a collaborative turn as major carmakers pledged 60-day supplier payment terms. The move, led by BYD, Li Auto, and Xiaomi, was in response to supply chain strain amid aggressive pricing. Investor sentiment turned bullish as key auto stocks rebounded in Hong Kong and mainland exchanges.
Markets globally are navigating mixed cues—from sectoral rotation in India and inflation jitters in the US, to reform-driven optimism in China’s auto space.
“In the midst of every crisis, lies great opportunity.” — Albert Einstein
This captures how volatility in inflation, energy, and auto sectors is also spurring innovation, reforms, and selective market gains.
