Stock recommendations for 12 June from MarketSmith India
Stock market recap, June 12 -- Indian equity benchmarks ended a volatile session lower on June 11, pressured by escalating US.-Iran tensions and a sharp rise in global crude oil prices. The Nifty 50 swung between gains and losses before closing down 53.35 points, or 0.23%, at 23,161.60.
Market breadth remained weak, with decliners significantly outnumbering advancers. A total of 2,255 stocks fell, compared with 1,013 gainers, while 94 stocks were unchanged.
Selling was most pronounced in cyclical and growth-oriented sectors, with Nifty IT falling 1.62% and Consumer Durables declining 1.15%. In contrast, Nifty Media rose 1.78%, while defensive pockets such as Nifty Pharma (+0.61%) and Nifty Private Bank (+0.55%) provided some support.
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