Strong second half recovery helps Nifty to close in green near 23,500
IT sector contributed the most, gaining over 4%
Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
In our latest episode of In The Money by Zerodha, Sandeep built a live prediction system using four of today's most capable AI models — Claude Sonnet, Claude Opus, GPT, and Gemini — and ran it across 31 live trading days on the Nifty 50. Every afternoon at 3:15, just before market close, each model received the same structured brief and made two predictions: direction (up or down) and gap size. The results? Directionally useful, but turning that edge into a tradable strategy is a completely different problem.
This episode walks through the full experiment — how the brief was designed (with AI helping design the exam it would take), what the accuracy numbers actually look like, what a hypothetical trade log reveals when you apply realistic entry and exit conditions, and why one minute of difference can change the picture significantly.
Markets Today
Nifty opened with a big gap down of 153 points at 23,229, tracking weak global cues after Iran announced it was halting negotiations, triggering a fresh spike in crude oil prices. The index remained under pressure for most of the first half, oscillating between 23,275 and 23,350, with each recovery attempt met by selling pressure.
After a subdued morning session, sentiment improved sharply around 12:30 PM. Nifty found support near the 23,270–23,280 zone and staged a strong recovery, reclaiming the 23,450 mark by 1 PM.
Buying momentum accelerated further, with the index breaking out of its morning range and surging toward the 23,500–23,550 zone by 2 PM. Nifty remained firmly in positive territory through the afternoon, with only brief pullbacks interrupting the uptrend.
The index held on to most of its gains and eventually closed the day at 23,483.55. The session was marked by a weak gap-down opening, a sharp reversal around noon, and sustained buying in the second half, reflecting a sharp improvement in sentiment despite elevated geopolitical concerns and rising crude prices.
Sectoral Indices Performance
Winners & Losers
Commodities
FII / DII Flows
Here’s the trend of FII-DII activity from the last 5 days:
Thematic Indices
Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 9th June:
The maximum Call Open Interest (OI) is observed at 24,000, followed by 23,500, indicating potential resistance at the 23,700 -23,800 levels.
The maximum Put Open Interest (OI) is observed at 23,300, followed by 23,000, suggesting support at 23,200-23,100.
Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.
Source: Sensibull
Top Stories in India
IT stocks extended their rally on Tuesday, with the Nifty IT index gaining around 4%, driven by rising demand for system integrators as AI adoption increases, enterprises focusing on AI ROI and integration, partnerships between AI model providers and IT services firms, attractive valuations after the sector's correction earlier this year, and improving commentary from global software companies on AI-driven demand. Dive deeper
The Coca-Cola Company said it is exploring a potential IPO of Hindustan Coca-Cola Holdings in India, with a possible listing targeted for 2027 on the NSE and BSE. The company has appointed Rothschild & Co as adviser for the proposed listing process. Dive deeper
GMDC will develop India’s first AI-powered rare earth supply chain observatory in partnership with the University of Cambridge. The project will be implemented over two years with an investment of £600,000 and aims to strengthen monitoring and resilience across critical mineral supply chains. Dive deeper
Godrej Industries has entered the wealth management business with the launch of Godrej Wealth. The platform aims to manage ₹1 lakh crore in assets by 2031, focusing on affluent and high-net-worth clients through a technology-enabled model. Dive deeper
The government has decided to exercise the full greenshoe option in the OFS of NHPC after strong investor demand saw the issue oversubscribed 3.47 times on the first day. As a result, the stake sale has been increased to the full 6%, comprising a 3% base offer and a 3% greenshoe option, at a floor price of ₹71 per share. Dive deeper
Top Stories Globally
WTI crude oil futures fell around 1% to near $92 per barrel on Tuesday, giving back part of the previous session’s 4.2% gain as investors assessed mixed signals surrounding US-Iran negotiations and the future of shipping through the Strait of Hormuz. Dive deeper
Abu Dhabi Real Estate Centre has announced a temporary rent freeze across Abu Dhabi, with all residential, commercial, and industrial lease renewals to be processed with a 0% rent increase. Dive deeper
South Korea and Taiwan have overtaken India in global stock market rankings, driven by a powerful AI-led rally in semiconductor stocks. South Korea’s market capitalization has risen to about $5 trillion, supported largely by gains in Samsung Electronics and SK Hynix. Dive deeper
Tesla reported a 39.4% YoY increase in sales of its China-made vehicles in May, marking its seventh consecutive month of growth. Deliveries of Model 3 and Model Y vehicles from its Shanghai factory rose to 85,982 units, up 8.2% from April, as the company continued to compete effectively against Chinese EV rivals. Dive deeper
Cisco Systems unveiled a new suite of software tools that allows businesses to build AI agents for monitoring and protecting IT infrastructure from cyber threats. The launch comes as Anthropic prepares to release its Mythos AI model, which some experts believe could increase cybersecurity risks if misused by hackers. Dive deeper
Consumer inflation in the Eurozone accelerated to 3.2% in May 2026 from 3.0% in April, marking its highest level since September 2023 and remaining well above the European Central Bank’s 2% target. The increase was driven primarily by a sharp rise in energy prices, while inflation in services and non-energy industrial goods also picked up. Dive deeper
Management Chatter
In this section, we highlight interesting comments from the management of major companies and policymakers in the Indian and Global Economies.
GP Sharma, President-Metrology and Climate Change Skymet, says that it is too early to assess the situation on El Nino:
"Neutral conditions are still prevailing. It is still about a month to go for El Nino to possibly set grounds over the Pacific Ocean; I think it's we still need some time to watch at least the start of the monsoon, though it is not looking very healthy."
While past trends reveal that El Niño corrupts monsoon, there have been exceptions. Concerns that “super El Niño” could severely damage India's monsoon are not completely true. Such fears are early, as June has only just begun and El Niño has not yet set in. - Link
Fatih Birol, Executive Director of IEA, on the Impact of the Iran war:
The amount of oil and gas the world has lost combined in these three major crises is less than the oil and gas we lost in this very crisis of the Iran war. We lost a huge amount of oil, a huge amount of natural gas, and this would have major implications for the global economy, especially in Asia, and within Asia, developing economies.
My biggest worry is the following: When we enter this crisis, we hit buffers. IEA has said that before February 28, there was a lot of surplus pushing the oil prices down, and after the crisis started, we have been using this surplus plus the inventories, the stocks that the governments and companies have, and all this gas and oil we have already is now diminishing. - Link
Corporate Actions & Events
Corporate Actions
Published by Zerodha. Not investment advice. Data from NSE, BSE, and MCX.
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Brain updated, thanks