The stock market opened on a positive note on June 9, with the Sensex and Nifty recovering after Monday’s sharp decline. Auto and realty stocks emerged as the top gainers during early trade.

Mumbai: Indian benchmark indices opened in the green on Tuesday, June 9, recovering a part of the losses recorded in the previous session. The BSE Sensex was trading around 73,700, up nearly 100 points in early trade, while the NSE Nifty gained about 50 points to move above the 23,200 mark.

The positive opening came after a sharp sell-off on Monday, when investors booked profits across sectors and global cues remained mixed. Early market activity on Tuesday indicated selective buying, particularly in auto and realty stocks, helping benchmark indices edge higher.

Auto, Realty Lead

Sectoral indices reflected a preference for domestic growth-oriented stocks. Nifty Auto and Nifty Realty were among the strongest performers during the opening hours, attracting fresh buying interest from investors.

Market participants said investors were looking at sectors linked to domestic consumption and infrastructure activity, while remaining cautious on broader global developments and foreign fund flows.

Recovery After Sharp Fall

Tuesday’s gains follow a difficult trading session on June 8. The Sensex had closed 719 points lower at 73,524, while the Nifty declined 244 points to settle at 23,123.

The previous session witnessed broad-based selling pressure, with heavyweight stocks dragging benchmark indices lower. Analysts attributed the decline to a combination of profit booking and weak investor sentiment amid global uncertainties.

While Tuesday’s recovery was modest, it helped improve sentiment after the steep fall witnessed a day earlier.

Mixed Asian Markets

Asian markets presented a mixed picture on Tuesday morning, offering limited direction to investors.

South Korea’s Kospi emerged as the strongest performer, rising nearly 3.8%, while Japan’s Nikkei gained close to 1%. In contrast, Hong Kong’s Hang Seng index traded lower, reflecting caution among regional investors.

The varied performance across Asian markets suggested that investors continue to assess economic data, interest-rate expectations and geopolitical developments before taking larger positions.

US Markets End Mixed

Wall Street also closed on a mixed note overnight.

The Dow Jones Industrial Average slipped 0.16%, while technology-heavy Nasdaq gained 0.86%. The S&P 500 ended 0.30% higher.

The divergence between major US indices reflected continued investor interest in technology stocks, even as broader market sentiment remained cautious.

Foreign Investors Continue Selling

Foreign Institutional Investors (FIIs) remained net sellers in Indian equities. According to the latest available data, foreign investors sold shares worth ₹5,556 crore on June 8.

Domestic Institutional Investors (DIIs), however, continued to provide support to the market, recording net purchases of ₹5,165 crore during the session.

Over the past month, domestic institutions have remained significant buyers, helping absorb sustained foreign outflows and providing stability to the market during volatile phases.

Market Outlook

Analysts expect volatility to remain elevated in the near term as investors track global market movements, institutional fund flows and domestic economic indicators.

For now, the recovery in the Sensex and Nifty suggests that investors are selectively returning to the market after Monday’s correction. Whether the gains sustain through the session will depend on broader participation and developments in global equities.

The stock market's immediate focus is likely to remain on foreign investment trends, sector-specific buying and overall risk appetite in the coming days.