Overview

• Sensex gained 123.42 points to 82,515.14 and Nifty climbed 37.15 points to 25,141.40 as markets closed higher on June 11.
• IT giants HCLTech, Infosys and Tech Mahindra led sector gains, driven by hopes for a US–China agreement to ease rare earth mineral trade.
• Foreign Institutional Investors sold equities worth Rs 446.3 crore while domestic institutional investors purchased Rs 1,584.9 crore of stocks.
• Maruti Suzuki cut its e-Vitara electric vehicle production target by two-thirds due to rare earth material shortages and Wipro extended its Metro AG partnership by two years.
• Softer-than-expected US inflation data for May intensified expectations of Federal Reserve rate cuts, supporting broader market sentiment.