Nifty 50 Ended 0.20% Lower; Govt Waived Excise Duty On E22-E30 Petrol Blends
- Share.Market
- 11 min read
- 11 Jun 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Nifty 50 and Sensex ended approximately 0.20% lower on Thursday, June 11, weighed down by continuous foreign institutional outflows. The negative sentiment was primarily triggered by escalating US-Iran military strikes and IRGC’s announcement regarding the closure of the Strait of Hormuz. On the sectoral front, most indices closed in the red, led by Nifty IT, while Nifty Media emerged as the top leader.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
BALRAMCHINSugar stocks, including Balrampur Chini Mills, surged following the government’s policy shift to completely waive central excise duties on higher-concentration ethanol-petrol fuel blends (E22 to E30). This massive tax exemption incentivises Oil Marketing Companies to scale blending, transforming sugar mills into vital green-energy hubs with a long-term buyer base.
OILOil India signed a collaboration framework with Canada’s Petroleum Technology Research Centre (PTRC) to advance energy transition initiatives. The partnership will focus on CO2 Capture, Utilisation and Storage (CCUS), geothermal projects, and innovative enhanced oil recovery methods to reduce the environmental impact of oil and gas production.
BIOCONBiocon acquired a 37.77% equity stake in the renewable energy special-purpose vehicle AMPIN. AMPIN is establishing a 27.12 MW solar power plant in Karnataka, which will help Biocon secure captive renewable energy, reduce operational energy costs, and significantly advance its corporate decarbonisation goals.
TCSTCS formed a global strategic partnership with Anthropic to scale enterprise AI adoption using the Claude family of models. TCS will set up a dedicated business unit, equip 50,000 associates with Claude, and jointly go-to-market with AI solutions tailored to overcome deployment barriers in highly regulated industries like finance and healthcare.
LTTSL&T Technology Services announced a strategic partnership with Databricks to co-develop Industrial AI solutions for asset-intensive enterprises. By integrating LTTS’ deep engineering expertise with Databricks’ advanced AI platform, the alliance will transform complex plant data into “Engineering Intelligence,” aiming to boost asset reliability and sustainability across the energy and petrochemical sectors.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 10 June 2026 | -2,124.98 | 3,123.95 |
| 09 June 2026 | -4,566.03 | 6,159.48 |
| 08 June 2026 | -5,555.67 | 5,165.24 |
| 05 June 2026 | -8,776.25 | 9,133.57 |
| 04 June 2026 | -4,447.06 | 4,360.14 |
| Month-to-Date | -43,361.15 | 48,381.72 |
What’s Happening Beyond Markets?
- The RBI now permits banks to lend exclusively to SEBI-registered REITs and InvITs. Furthermore, the central bank has made it mandatory for these investment trusts to hold at least 80% of their holdings in cash-generating assets.
- The government has granted a zero excise duty rate on higher ethanol-blended petrol categories, from E22 to E30, to accelerate clean fuel adoption. This tax waiver applies strictly to blends that meet BIS specifications.
- The government has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 2026. Additionally, the maximum loan limit for large NBFC-MFIs has been increased to ₹1,000 crore to facilitate greater credit flow to the sector.
- India and Tajikistan agreed to deepen economic cooperation during their 12th Joint Commission meeting. India offered to expand Tajikistan’s procurement of affordable Indian pharmaceuticals, while also focusing on strengthening bilateral trade in agriculture and energy.
- The US consumer price index (CPI) inflation accelerated significantly to reach 4.2% in May. This notable increase in inflation numbers for the month was primarily driven by a surge in high-energy prices.
- China’s trade surplus surged to a massive USD 105 billion in May. While an AI-fuelled boom is actively powering this export growth, significant geopolitical risks continue to loom over the country’s broader export landscape.
SIP Mistakes Even Experienced Investors Make
Back to Basics
Terms that put you one step ahead – every day
What is the Rounding Bottom Pattern?
A rounding bottom is a “U-shaped” pattern that signals a gradual shift from a declining price to a rising one. Think of a heavy cargo ship changing direction. It can’t pivot instantly. First, it slows its downward momentum, levels out, and then slowly begins steering the other way.
In the stock market, you’ll see this when a stock’s price slowly bottoms out over weeks or months. It shows that aggressive selling has finally dried up, and buyers are quietly taking back control of the stock. For everyday investors, this pattern is a classic bullish signal. It suggests the worst is over. If you spot a solid rounding bottom, it could be a valuable early clue that a stock is gearing up for a steady, long-term climb.
Learn more: https://www.share.market/buzz/stocks/rounding-bottom-pattern/
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
