Nifty, Sensex Recover, Falter Again; Broader Market Selloff Continues – Thursday Market Report
Moneylife Digital Team 11 June 2026
On Thursday, 1,384 stocks advanced, 2,807 declined, and 21.4  remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of  0.49, indicating a positive closing. The trend of the major indices on Thursday’s trading is given in the table below. 
 
 
On NSE, 38 securities advanced and closed at a new 52-week high, whereas 84 securities sank to close at their new 52-week lows. Nifty Media and Nifty India Pharma were the biggest gainer. Nifty India Defence, Nifty IT and Nifty FMCG were the biggest loser.
 
Pine Labs (-3.42%) completed its acquisition of Shopflo Technologies as of June 10, 2026, making Shopflo its wholly owned subsidiary. The deal, approved by Pine Labs' board in April 2026, involved buying all shares from existing Shopflo shareholders. This acquisition enhances Pine Labs' business expansion and service capabilities. Financial details remain undisclosed.
 
Opptra, founded by Flipkart co-founder Binny Bansal, has partnered with Unicommerce (+7.28%) to boost its e-commerce operations across India, GCC, and Southeast Asia. The collaboration integrates Opptra’s AI-driven distribution with Unicommerce’s fulfillment technology for seamless multi-region management. This partnership aims to improve efficiency, accelerate market entry, and support brand growth. Unicommerce’s extensive integrations simplify cross-border commerce.
 
PNC Infratech’s (-1.51%) subsidiary received a Provisional Completion Certificate for a six-lane expressway project in Uttar Pradesh, ready for commercial use as of April 27, 2026. The project, part of Bharatmala Pariyojana, spans km 10.980 to 28.500 and was completed within the scheduled timeframe. The bid cost was ₹1,413 crore, with price adjustments as per the agreement. This highlights PNC Infratech’s infrastructure execution strength.
 
Zaggle Prepaid Ocean Services (-1.16%) signed a five-year contract with Crompton Greaves Consumer Electricals starting June 10, 2026, to provide its Zaggle Save employee expense management solution. The contract’s financial terms depend on active users and actual expense usage. There are no related party interests involved. This deal marks Zaggle’s expansion in employee benefits services.
 
Infosys (-2.68%) announced a multi-year ERP transformation collaboration with IHH Healthcare across markets including Hong Kong, Malaysia, and Singapore. Using Infosys Topaz AI-powered platform, the project aims to standardize processes and improve agility, cost efficiency, and compliance. It will consolidate finance, supply chain, and HR functions for real-time insights. This supports IHH’s shift to a connected, data-driven healthcare ecosystem.
AstraZeneca Pharma India (-0.72%) got CDSCO approval on June 10, 2026, to import Enhertu for an additional indication in HER2-positive breast cancer treatment. This approval allows marketing the drug for first-line treatment of unresectable or metastatic cases in India. Enhertu’s combination therapy represents a major advancement for aggressive breast cancer types. The drug is a global oncology asset developed with Daiichi Sankyo.
 
Oil India Limited (+0.47%) signed a collaboration agreement with Canada’s Petroleum Technology Research Centre on June 10, 2026, to cooperate on CO2 capture, geothermal energy, and clean tech development. The partnership, formalized during the Calgary Global Energy Show, highlights mutual commitment to sustainable energy transition. Key dignitaries from both countries attended the signing. The collaboration aims to advance clean energy solutions.
Tata Consultancy Services (-0.85%) partnered with Anthropic on June 11, 2026, becoming a Global Premier Partner to deliver Anthropic’s Claude AI models to regulated industries worldwide. TCS will form a dedicated unit to develop AI solutions and equip 50,000 employees with Claude for internal transformation and client projects. The partnership targets overcoming AI adoption challenges in sectors needing accuracy and oversight. TCS’s large revenue base supports this initiative.
 
L&T Technology Services (+1.11%) announced a strategic alliance with Databricks to deliver Industrial AI solutions enhancing engineering intelligence for asset-heavy industries. The collaboration focuses on leveraging AI and analytics for predictive reliability, efficiency, and sustainability in sectors like energy and petrochemicals. It aims to transform complex plant data into actionable insights. Key focus areas include asset reliability, emissions optimization, and quality intelligence.
 
Equitas Small Finance Bank (-2.90%) held an investor meet on June 11, 2026, highlighting growth opportunities in MSME credit and affordable housing finance. The bank cited a ₹30 lakh crore credit gap in MSMEs and a ₹54 lakh crore potential in affordable housing by 2030. Challenges include credit differentiation, operational risks, and collection issues. The bank uses field-based cash flow assessments and vendor data for credit decisions.
 
KFin Technologies (-1.66%) approved up to USD 2 million capital infusion into its Singapore subsidiary to strengthen fund administration and fintech operations. KFin Singapore, incorporated in June 2025, is still in early stages with no turnover in 2026. The investment will maintain full ownership and is a related party transaction done at arm’s length. This move supports KFin Singapore’s growth in global alternative investment services.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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