Share Market Today: Sensex Up 300 Points to Near 74,200, Nifty Claims 23,300 as Reliance and Banks Drive Gains Despite Iran Tensions

Share market today: Sensex +300 pts to ~74,200, Nifty claims 23,300. Reliance +2% (Meta AI data centre deal). Banks up (RBI forex swap). Infosys -1.5% ex-dividend. Gold crashes below Rs 1.5L. Silver -2%. US-Iran tensions: ceasefire fragile. USD/INR ~Rs 95.27.

The share market today (Wednesday, June 10, 2026) is in positive territory with the Sensex gaining approximately 300 points to trade near 74,200 and the Nifty 50 claiming the 23,300 level. It is being driven by a powerful catalyst in Reliance Industries, which is rallying 2%+ after Facebook parent Meta Platforms confirmed a 168 MW AI-enabled data centre deal in Jamnagar, Gujarat, as well as continuation of the banking sector rally driven by the RBI’s FCNR(B) forex swap facility. On the other hand, today’s market faces headwinds from Infosys trading ex-dividend, gold and silver crashing on dollar and Iran tensions, and the ongoing geopolitical uncertainty in the Middle East where the US-Iran ceasefire remains fragile and oil prices remain elevated.

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Share Market Today: Index and Key Stock Snapshot

What Is Driving the Share Market Today?

Reliance Industries: Meta AI Data Centre Boosts Market Sentiment

The biggest positive for the share market today is Reliance Industries rallying approximately 2%, adding hundreds of points to the Sensex through its large index weight. The catalyst is Meta Platforms’ announcement of India’s first AI-enabled data centre — a 168 MW facility in Jamnagar, Gujarat, to be built by Reliance and leased to Meta. This deal, combined with the existing REIL joint venture (Meta holds 30%, Rs 855 crore investment) and Meta’s Project Waterworth connectivity investments, positions Reliance as a key partner in Meta’s India digital infrastructure strategy. The market is also watching Reliance’s AGM on June 19, which is expected to provide an update on the Jio IPO timeline.

Banking Stocks: RBI Forex Swap Momentum Continues

In the share market today, banking stocks are continuing their positive run following the RBI’s June 8 announcement of a USD-INR forex swap facility for FCNR(B) deposits. The Bank Nifty is holding above the 55,100 level it claimed on June 9, when PSU banks gained up to 5%. Today, SBI, HDFC Bank, ICICI Bank, and Axis Bank are all positive in the share market today. The RBI measure eliminates FX risk for banks raising foreign currency deposits, allows them to offer NRI deposit rates 150-200 bps higher, and provides PSUs with a concessional ECB swap facility — all structurally positive for the sector.

Infosys Ex-Dividend: A Drag on the Share Market Today

The primary headwind today is Infosys turning ex-dividend for its Rs 25 FY26 final dividend. The Infosys share price has fallen over 1.5% to approximately Rs 1,208 as the standard ex-dividend price adjustment removes the dividend value from the stock. Given Infosys’s index weight, this creates a meaningful drag. Investors should note this is a mechanical adjustment, not a negative signal about the company’s business fundamentals, which remain strong.

Geopolitical Headwinds: Iran Tensions and Commodity Price Impact

Today’s market continues to navigate the US-Iran geopolitical backdrop. The ceasefire remains fragile, the Strait of Hormuz situation is being monitored, and oil prices remain elevated around $90-93 per barrel. The dollar is strong at Rs 95.27 per USD, which is weighing on precious metals — MCX gold has slipped below Rs 1.5 lakh and silver has crashed 2% to Rs 2.34 lakh per kg. Any major escalation in the US-Iran conflict could quickly reverse positive momentum.

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Share Market Today: Key Levels and What to Watch

For Nifty to confirm bullish momentum, it needs to hold above 23,300 on closing on a closing basis to signal bullish momentum continuation. The next resistance is 23,500. Key support is at 23,100-23,150. Sector-wise, continue tracking banks (RBI policy), telecom (Airtel post-OTSC ruling), and Reliance (Meta deal). The NLC India OFS retail tranche opened today at the discounted floor price of Rs 303, which may attract retail buying interest. The Utkal Speciality Industries SME IPO also opened today, adding IPO market activity.

Conclusion

Today’s market is in positive territory, with Sensex up ~300 points and Nifty claiming 23,300, led by Reliance Industries on the Meta data centre deal and banking stocks on RBI policy support. Infosys ex-dividend and gold/silver crashing are the main headwinds. The market remains cautiously optimistic but geopolitical risks from the US-Iran conflict keep the upside capped. Monitor Nifty’s closing level at 23,300 for trend confirmation.

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Frequently Asked Questions

What is the share market today?

Ans. The share market today (June 10, 2026) is showing a positive session. The Sensex is up approximately 300 points to near 74,200 and the Nifty 50 has claimed the 23,300 level. Key drivers in the share market today include Reliance Industries rallying 2%+ on the Meta AI data centre deal, continued banking sector gains on the RBI FCNR forex swap facility, and broad market momentum. Headwinds include Infosys weighing on the index due to its ex-dividend adjustment and gold/silver crashing on Iran tensions.

Why is Reliance driving the share market today?

Ans. Reliance Industries is the top driver of the share market today after Meta Platforms announced a formal agreement to lease a 168 MW AI-enabled data centre built by Reliance in Jamnagar, Gujarat. This is Meta’s first AI data centre in India, complementing the existing REIL joint venture (Meta 30%, Rs 855 crore). Reliance’s 2% gain, given its Nifty 50 weightage, contributes meaningfully to the index’s upward movement in today’s share market.

What is the Nifty 50 level in today’s share market?

Ans. In today’s share market, the Nifty 50 has claimed and sustained the 23,300 level, up from the June 9 close of 23,242.10. This is technically positive as the Nifty had been struggling to sustain above 23,300 in recent sessions. The next key resistance level to watch in the share market today is 23,500.

How are banking stocks doing in today’s share market?

Ans. Banking stocks continue their strong run in today’s share market, extending the rally from June 9 when the Nifty PSU Bank index gained 3% and Bank Nifty crossed 55,100. The catalyst remains the RBI’s FCNR(B) forex swap facility announced June 8, which eliminates exchange rate risk for banks raising foreign currency deposits and offers PSUs concessional ECB swap rates. SBI, HDFC Bank, ICICI Bank, and Axis Bank are all positive in today’s share market.

What are the headwinds for the share market today?

Ans. The share market today faces three key headwinds. First, Infosys has turned ex-dividend, with its share price adjusting down by approximately Rs 25 per share — this creates index drag given Infosys’s Nifty 50 weight. Second, gold and silver prices are crashing on dollar surge and Iran tensions, creating a negative macro signal. Third, US-Iran geopolitical uncertainty remains a risk-off factor that could limit gains. Despite these headwinds, the share market today is holding positive territory led by Reliance and banks.