Synopsis : Indian markets traded firmly in the green on June 10, with the Sensex surging over 570 points and the Nifty reclaiming the 23,400 mark. Company-specific triggers including broker upgrades, major project wins, and sectoral developments drove sharp moves in select stocks.
Hindustan Unilever rallies after JPMorgan bullish call
Shares of Hindustan Unilever (HUL) climbed over 3% during Wednesday's session, making it one of the top gainers on the Nifty 50 index. The rally followed a positive note from JPMorgan, which reiterated its "Overweight" rating on the FMCG giant and assigned a target price of ₹2,550, indicating an upside potential of nearly 20% from previous closing levels.
Afcons Infrastructure jumps on ₹5,301 crore project win
Afcons Infrastructure gained more than 8% after securing a ₹5,301 crore contract from Vadhvan Port Project Ltd (VPPL). The project involves the construction of a 10.14-kilometre-long breakwater at the upcoming Vadhvan Port in Maharashtra. Upon completion, the structure is expected to become the second-longest breakwater in the world, strengthening Afcons' infrastructure order book visibility.
MTAR Technologies slides amid weakness in defence stocks
Despite broader market strength, defence stocks witnessed selling pressure. MTAR Technologies declined nearly 5%, while Data Patterns also dropped more than 4%. Profit booking and sector-specific weakness weighed on investor sentiment in defence counters after their recent outperformance.
Inox India hits fresh record high
Inox India surged nearly 8.5% to touch a new all-time high of ₹1,830. The stock has been witnessing strong momentum, gaining 21% in the past week, 23% over the last month, and 56% in six months. Continued investor interest and strong price momentum have kept the stock among the day's standout performers.
Hindalco falls as metal stocks come under pressure
Hindalco Industries declined around 4% as the Nifty Metal index fell nearly 2%. The weakness followed reports indicating that China's steel exports dropped 3% year-on-year in May 2026, with cumulative exports for the calendar year also declining. While lower Chinese exports may support domestic steel prices over the longer term, metal stocks witnessed near-term profit booking across the sector.
Market Snapshot
- Sensex: Up over 570 points
- Nifty 50: Reclaimed 23,400 level
- Top Gainers: HUL, Afcons Infrastructure, Inox India
- Key Losers: Hindalco Industries, MTAR Technologies, Data Patterns
Disclaimer : This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.
.jpg)
