Overview

• Indian benchmark indices closed sharply lower on June 12, with the Sensex down 823.16 points at 81,691.98 and the Nifty slipping 253.20 points to 24,888.20 on profit taking and weak global sentiment.
• Foreign Institutional Investors sold equities worth ₹446.31 crore on June 11, ending a three-session buying streak and adding to downward pressure.
• President Donald Trump hailed a tentative trade agreement with China involving shipments of rare-earth minerals and eased student visa rules, though key terms await confirmation.
• Rising geopolitical risks in the Middle East drove global oil prices to two-month highs, stoking cost concerns for India’s heavily import-dependent economy.
• India’s consumer inflation is forecast to have cooled to around 3% in May, a six-year low that prompted the RBI to cut its repo rate by 50 basis points last week.