{"id":14869,"date":"2026-06-09T10:00:34","date_gmt":"2026-06-09T10:00:34","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/finance\/sensex-nifty-rebound-banks-rbi-swap\/"},"modified":"2026-06-09T10:02:48","modified_gmt":"2026-06-09T10:02:48","slug":"sensex-nifty-rebound-banks-rbi-swap","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/sensex-nifty-rebound-banks-rbi-swap\/","title":{"rendered":"Stock Market Highlights Today: Nifty gains 115 points, are bulls back in control? – 9th June 2026"},"content":{"rendered":"
\"Stock<\/figure>\n\n\n

Indian equities recovered part of the previous session\u2019s losses on Tuesday, with Nifty 50<\/strong> reclaiming 23,200<\/strong> and Sensex<\/strong> moving back above 73,800<\/strong>, helped by a rally in banking and financial stocks after the Reserve Bank of India\u2019s swap facility for overseas borrowings and easing Middle East tensions that cooled crude prices.<\/p>\n\n\n\n

The rebound tracked gains in global equities after a technology-led selloff last week, while volatility eased and broader markets outperformed, although foreign investors continued to remain net sellers.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
Index<\/strong><\/th>9 Jun 2026 Close \/ Early Trade<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>approx. 73,875<\/td>+351 pts (+0.5%)<\/td>Rebounded after Monday\u2019s 719-point fall, led by banks and financials.<\/td><\/tr>
Nifty 50<\/strong><\/td>approx. 23,238<\/td>+115 pts (+0.5%)<\/td>Regained 23,200 after slipping to 23,123 in previous session.<\/td><\/tr>
Nifty Bank<\/strong><\/td>intraday high 54,799.95<\/td>+1.3% intraday<\/td>Outperformed on RBI swap facility for overseas borrowings.<\/td><\/tr>
Nifty Financial Services<\/strong><\/td>intraday high 25,117.75<\/td>+1.3% intraday<\/td>Gains in NBFCs and insurers; MCX, ICICI Lombard led.<\/td><\/tr>
India VIX<\/strong><\/td>16.14<\/td>-5% approx.<\/td>Volatility eased as geopolitical worries moderated.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: figures are approximate; final exchange data not available at time of publication.<\/p>\n\n\n\n

    \n
  • Monday, Sensex<\/strong> closed at 73,524.26<\/strong>, down 0.97%<\/strong>.<\/li>\n\n\n\n
  • Monday, Nifty 50<\/strong> settled at 23,123<\/strong>, down 1.04%<\/strong>.<\/li>\n\n\n\n
  • Broader indices: Nifty Midcap 100<\/strong> and Nifty Smallcap 100<\/strong> gained nearly 1%<\/strong> each.<\/li>\n\n\n\n
  • Advance-decline on NSE: around 2,179<\/strong> stocks advanced, 413<\/strong> declined, 83<\/strong> unchanged.<\/li>\n<\/ul>\n\n\n\n

    Key movers<\/h2>\n\n\n\n

    Top gainers<\/h3>\n\n\n\n
    Stock<\/strong><\/th>Sector<\/strong><\/th>Notable factor<\/strong><\/th><\/tr><\/thead>
    Trent<\/strong><\/td>Retail<\/td>Among top Sensex gainers in early trade.<\/td><\/tr>
    ICICI Bank<\/strong><\/td>Banking<\/td>Bought after RBI swap facility; now second-largest Nifty weight.<\/td><\/tr>
    InterGlobe Aviation (IndiGo)<\/strong><\/td>Aviation<\/td>Featured among major Sensex winners.<\/td><\/tr>
    Axis Bank<\/strong><\/td>Banking<\/td>Rose with private banks as Nifty Bank outperformed.<\/td><\/tr>
    Mahindra & Mahindra<\/strong><\/td>Auto<\/td>Part of leading gainers on Sensex.<\/td><\/tr>
    Bajaj Finserv<\/strong><\/td>Financials<\/td>Benefited from strength in financial services index.<\/td><\/tr>
    MCX<\/strong><\/td>Financial services<\/td>Gained around 3% within Nifty Financial Services.<\/td><\/tr>
    ICICI Lombard<\/strong><\/td>Insurance<\/td>Rose about 3% inside financials basket.<\/td><\/tr>
    IDFC First Bank<\/strong><\/td>Banking<\/td>Top Nifty Bank gainer, up more than 3.5%.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • Banking and financials led the rebound, tracking the RBI\u2019s concessional swap facility.<\/li>\n\n\n\n
    • Select NBFCs such as Bajaj Finance<\/strong>, Cholamandalam Investment<\/strong>, LIC Housing Finance<\/strong>, REC<\/strong>, and PFC<\/strong> rose over 1%<\/strong>.<\/li>\n<\/ul>\n\n\n\n

      Top losers<\/h3>\n\n\n\n
      Stock<\/strong><\/th>Sector<\/strong><\/th>Notable factor<\/strong><\/th><\/tr><\/thead>
      NTPC<\/strong><\/td>Power<\/td>Among Sensex laggards, down around 1%.<\/td><\/tr>
      Tata Steel<\/strong><\/td>Metals<\/td>Declined about 1% on Sensex.<\/td><\/tr>
      Infosys<\/strong><\/td>IT services<\/td>Traded lower despite positive global tech cues.<\/td><\/tr>
      Power Grid<\/strong><\/td>Power<\/td>Listed among early-session underperformers.<\/td><\/tr>
      Tech Mahindra<\/strong><\/td>IT services<\/td>Weak within IT pack in early trade.<\/td><\/tr>
      HDFC Life<\/strong><\/td>Insurance<\/td>One of the few laggards in financials index.<\/td><\/tr>
      Muthoot Finance<\/strong><\/td>NBFC<\/td>Declined despite broader financials strength.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • IT names like Infosys<\/strong> and Tech Mahindra<\/strong> underperformed despite a rebound in Nasdaq.<\/li>\n\n\n\n
      • Defensives such as utilities showed mild profit-taking after recent strength.<\/li>\n<\/ul>\n\n\n\n

        Sectoral action<\/h2>\n\n\n\n
        Sector \/ Index<\/strong><\/th>Direction (approx.)<\/strong><\/th>Key drivers<\/strong><\/th><\/tr><\/thead>
        Nifty PSU Bank<\/strong><\/td>up around 1%<\/td>Benefited from RBI swap facility and risk-on sentiment.<\/td><\/tr>
        Nifty Private Bank<\/strong><\/td>up around 1%<\/td>Gains in ICICI Bank, Axis Bank, Kotak Mahindra Bank.<\/td><\/tr>
        Nifty Financial Services<\/strong><\/td>up 1.3% intraday<\/td>MCX, ICICI Lombard, Bajaj twins, PFC, REC advanced.<\/td><\/tr>
        Nifty Realty<\/strong><\/td>up around 1%<\/td>Tracked broader risk-on trade as yields concerns eased.<\/td><\/tr>
        IT indices<\/strong><\/td>mixed to slightly down<\/td>Infosys, Tech Mahindra weak despite global tech rebound.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Banking and financials outperformed the headline indices.<\/li>\n\n\n\n
        • Broader participation was visible across PSU and private lenders.<\/li>\n<\/ul>\n\n\n\n

          Index composition shift: ICICI Bank overtakes Reliance in Nifty weight<\/h2>\n\n\n\n
            \n
          • Nifty 50<\/strong> uses a free-float market capitalisation<\/strong> methodology for weights.<\/li>\n\n\n\n
          • HDFC Bank<\/strong> remains top Nifty stock with 10.56%<\/strong> weight.<\/li>\n\n\n\n
          • ICICI Bank<\/strong> now holds 8.78%<\/strong> weight, second in Nifty 50.<\/li>\n\n\n\n
          • Reliance Industries<\/strong> weight is 8.27%<\/strong>, slipping to third position.<\/li>\n\n\n\n
          • Reliance Industries<\/strong> full market cap: nearly \u20b917.14 lakh crore<\/strong> on NSE.<\/li>\n\n\n\n
          • Its free-float market cap is a little over \u20b98.52 lakh crore<\/strong>.<\/li>\n\n\n\n
          • ICICI Bank<\/strong> full market cap: more than \u20b99.09 lakh crore<\/strong>.<\/li>\n\n\n\n
          • Its free-float market cap is \u20b99.05 lakh crore<\/strong>, higher than Reliance\u2019s free float.<\/li>\n\n\n\n
          • Other top Nifty weights: Bharti Airtel (5.20%)<\/strong>, Larsen & Toubro (4.43%)<\/strong>, Infosys (3.77%)<\/strong>.<\/li>\n\n\n\n
          • Also in top ten: State Bank of India (3.71%)<\/strong>, Axis Bank (3.42%)<\/strong>, Kotak Mahindra Bank (2.62%)<\/strong>, ITC (2.56%)<\/strong>.<\/li>\n<\/ul>\n\n\n\n

            RBI swap facility lifts banking stocks<\/h2>\n\n\n\n
              \n
            • RBI introduced a concessional dollar swap facility<\/strong> for banks\u2019 overseas borrowings.<\/li>\n\n\n\n
            • Objective: lower hedging costs and enhance liquidity for lenders.<\/li>\n\n\n\n
            • Facility covers FCNR deposits<\/strong> with 3-5 year maturity and certain ECBs<\/strong> and OFCBs<\/strong>.<\/li>\n\n\n\n
            • Available for drawdowns up to 31 December 2026<\/strong>, window open till 15 January 2027<\/strong>.<\/li>\n\n\n\n
            • Swap rate fixed at 1.5% per annum<\/strong>, compounded semi-annually, tenor up to five years.<\/li>\n\n\n\n
            • Banks can sell dollars to RBI at the FBIL Reference Rate<\/strong> and buy back later.<\/li>\n\n\n\n
            • Borrowings with embedded options or for refinancing existing debt are excluded.<\/li>\n\n\n\n
            • Banks can exclude these swap positions from net open rupee position calculations.<\/li>\n\n\n\n
            • Move is expected to reduce overseas fundraising costs and support banking system liquidity.<\/li>\n<\/ul>\n\n\n\n

              Global cues and macro backdrop<\/h2>\n\n\n\n
              Market \/ Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
              Kospi (South Korea)<\/strong><\/td>rebounded, up over 5%<\/td>Recovered after a sharp 9% tumble in previous session.<\/td><\/tr>
              Nikkei 225 (Japan)<\/strong><\/td>higher, nearly +2%<\/td>Benefited from tech rebound and easing geopolitical risk.<\/td><\/tr>
              Shanghai Composite<\/strong><\/td>marginally higher<\/td>Traded in the green with modest gains.<\/td><\/tr>
              Hang Seng (Hong Kong)<\/strong><\/td>marginally lower<\/td>Lagged regional peers.<\/td><\/tr>
              S&P 500 (US)<\/strong><\/td>mostly higher<\/td>Recovered from last week\u2019s tech-led selloff.<\/td><\/tr>
              Nasdaq (US)<\/strong><\/td>up nearly 1%<\/td>Semiconductor stocks staged a rebound.<\/td><\/tr>
              Brent crude<\/strong><\/td>about $93.17, -1.15%<\/td>Eased as Iran and Israel signalled pause in hostilities.<\/td><\/tr>
              USD\/INR<\/strong><\/td>\u20b995.41, rupee +20 paise<\/td>Rupee strengthened against the dollar in early trade.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

              Note: figures are approximate; final market data not available at time of publication.<\/p>\n\n\n\n

                \n
              • Iran and Israel halted attacks after diplomatic efforts to maintain a fragile ceasefire.<\/li>\n\n\n\n
              • Cooling crude prices eased concerns on inflation and India\u2019s import bill.<\/li>\n\n\n\n
              • Asian markets showed signs of stabilisation after Monday\u2019s correction.<\/li>\n\n\n\n
              • U.S. tech rebound supported risk sentiment across global equities.<\/li>\n<\/ul>\n\n\n\n

                Technical outlook<\/h2>\n\n\n\n
                  \n
                • Nifty Bank<\/strong> hit an intraday high of 54,799.95<\/strong>, up 1.3%<\/strong>.<\/li>\n\n\n\n
                • Over three months, Bank Nifty remains down 2.5%<\/strong>; over six months, down 8%<\/strong>.<\/li>\n\n\n\n
                • Analysts flag a broad trading range and advise caution despite Tuesday\u2019s bounce.<\/li>\n\n\n\n
                • One brokerage highlighted 50-day EMA near 62,000<\/strong> as key for improving bias.<\/li>\n\n\n\n
                • Another view pegs Bank Nifty trading range at 53,000-55,000<\/strong>.<\/li>\n\n\n\n
                • Immediate support cited around 53,600-53,500<\/strong>; below this, 53,100<\/strong> and 52,700<\/strong>.<\/li>\n\n\n\n
                • Immediate resistance seen at 54,500-54,600<\/strong>, then 54,900<\/strong>.<\/li>\n\n\n\n
                • Technical indicators: RSI near 47<\/strong>, MACD flat<\/strong>, suggesting lack of clear direction.<\/li>\n\n\n\n
                • Contracting Bollinger Bands<\/strong> indicate potential for a sharp move ahead.<\/li>\n<\/ul>\n\n\n\n
                    \n
                  • “Going ahead, the immediate support for Bank Nifty is placed in the 53,600-53,500 zone. Any sustainable move below this zone could result in Bank Nifty extending its weakness towards 53,100, followed by 52,700 in the short term. On the upside, the immediate resistance for Bank Nifty is placed in the 54,500-54,600 zone.” \u2014 Sudeep Shah, Head – Technical and Derivatives Research, SBI Securities<\/strong>.<\/li>\n<\/ul>\n\n\n\n

                    Key market statistics<\/h2>\n\n\n\n
                    Statistic<\/strong><\/th>Value \/ Change<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
                    India VIX<\/strong><\/td>16.14<\/strong>, down over 5%<\/td>Volatility cooled as geopolitical risk perception eased.<\/td><\/tr>
                    FII flows (Monday)<\/strong><\/td>\u20b95,555.67 crore<\/strong> net selling<\/td>Foreign investors continued to offload Indian equities.<\/td><\/tr>
                    Brent crude<\/strong><\/td>about $93 per barrel<\/strong><\/td>Lower than recent highs but still elevated for importers.<\/td><\/tr>
                    Rupee vs USD<\/strong><\/td>\u20b995.41<\/strong>, +20 paise<\/td>Benefited from softer crude and improved risk sentiment.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                      \n
                    • Despite Tuesday\u2019s bounce, sustained FII selling keeps near-term volatility risk elevated.<\/li>\n\n\n\n
                    • Lower VIX and stronger rupee reflect improved intraday risk appetite.<\/li>\n<\/ul>\n\n\n\n

                      FAQs<\/h2>\n\n\n\n

                      Q: Why did Nifty 50 and Sensex rebound today?<\/strong><\/p>\n\n\n\n

                        \n
                      • Easing Iran-Israel tensions cooled Brent crude prices.<\/li>\n\n\n\n
                      • Global equities, especially U.S. tech and Asian markets, recovered from recent selloffs.<\/li>\n\n\n\n
                      • RBI\u2019s concessional swap facility boosted banking and financial stocks.<\/li>\n\n\n\n
                      • Broader participation from midcaps and smallcaps supported the indices.<\/li>\n<\/ul>\n\n\n\n

                        Q: Which sectors led the gains in today\u2019s session?<\/strong><\/p>\n\n\n\n

                          \n
                        • Banking and financial services outperformed, including PSU and private banks.<\/li>\n\n\n\n
                        • Nifty Financial Services index rose about 1.3% intraday.<\/li>\n\n\n\n
                        • Realty and broader domestic-oriented sectors also traded higher.<\/li>\n<\/ul>\n\n\n\n

                          Q: What changed in Nifty 50\u2019s stock weightings?<\/strong><\/p>\n\n\n\n

                            \n
                          • ICICI Bank\u2019s free-float market cap rose above Reliance Industries\u2019 free float.<\/li>\n\n\n\n
                          • ICICI Bank now has 8.78%<\/strong> weight, second in Nifty 50.<\/li>\n\n\n\n
                          • Reliance Industries\u2019 weight is 8.27%<\/strong>, moving it to third position.<\/li>\n\n\n\n
                          • HDFC Bank remains the largest Nifty constituent with 10.56%<\/strong> weight.<\/li>\n<\/ul>\n\n\n\n

                            Frequently Asked Questions<\/h2>\n\n\n\n

                            Why did Nifty 50 and Sensex rebound on 9 June 2026?<\/h3>\n\n\n\n

                            They recovered as easing Iran-Israel tensions cooled crude prices, global equities bounced back, and RBI\u2019s swap facility lifted banking and financial stocks, which led the gains across indices.<\/p>\n\n\n\n

                            How did banking stocks perform after RBI\u2019s swap facility announcement?<\/h3>\n\n\n\n

                            Banking stocks outperformed, with Nifty Bank up about 1.3% intraday. IDFC First Bank, ICICI Bank, Axis Bank, SBI and other lenders gained as the concessional swap facility is expected to lower hedging costs and support liquidity.<\/p>\n\n\n\n

                            What is the significance of ICICI Bank overtaking Reliance in Nifty weight?<\/h3>\n\n\n\n

                            Nifty uses free-float market capitalisation for weights. ICICI Bank\u2019s higher free float versus Reliance\u2019s has made it the second-largest Nifty stock by weight, which can influence index moves and passive fund allocations.<\/p>\n","protected":false},"excerpt":{"rendered":"

                            Sensex and Nifty bounced back above 73,800 and 23,200 as easing Iran-Israel tensions cooled Brent crude and RBI\u2019s swap facility lifted bank stocks.<\/p>\n","protected":false},"author":15,"featured_media":14870,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities recovered part of the previous session\u2019s losses on Tuesday, with Nifty 50 reclaiming 23,200 and Sensex moving back above 73,800, helped by a rally in banking and financial stocks after the Reserve Bank of India\u2019s swap facility for overseas borrowings and easing Middle East tensions that cooled crude prices. Broader indices: Nifty Midcap 100 and Nifty Smallcap 100 gained nearly 1% each. ICICI Bank\u2019s higher free float versus Reliance\u2019s has made it the second-largest Nifty stock by weight, which can influence index moves and passive fund allocations.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"775d3c6b874368c9ef830ed47427da25e1737fc3","footnotes":""},"categories":[512],"tags":[],"class_list":["post-14869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/sensex-nifty-rebound-banks-rbi-swap-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Sensex and Nifty bounced back above 73,800 and 23,200 as easing Iran-Israel tensions cooled Brent crude and RBI\u2019s swap facility lifted bank stocks.","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=14869"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14869\/revisions"}],"predecessor-version":[{"id":14871,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14869\/revisions\/14871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14870"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}