Sensex Prediction for Tuesday, June 9: Indian stock markets are bracing for a crucial showdown on Tuesday, June 9, after the benchmark indices slumped nearly 1 per cent on Monday after a massive sell-off in global equities and a sharp rise in crude prices amid intensifying tensions in West Asia. Besides, unabated foreign capital outflows and a weak rupee against the US dollar also weighed on investor sentiment, traders said.
Sensex at close on Monday, June 8
Created with AI. Errors are possibleA total of 3,117 stocks declined, while 1,249 advanced and 171 remained unchanged on the BSE.
Sensex gainers and losers on Monday, June 8
Sensex Prediction for Tuesday, June 9
As traders prepare for Tuesday’s opening, all eyes are on whether the market can defend its critical baseline or if the bears will force a deeper correction.
Sensex Prediction for Tuesday, June 9 by Hitesh Tailor
According to Hitesh Tailor, Technical Research Analyst at Choice Broking, the key support zone for the Sensex now lies between 72,750 and 73,000, a level that helped the index stage a recovery from intraday lows on Monday.
“On 8th June 2026, the BSE Sensex closed at 73,524.26, declining by 719.08 points (-0.97%) amid broad-based selling pressure across sectors. The index witnessed a sharp gap-down opening of around 821 points at 73,421.61 following weak global cues and cautious investor sentiment. After opening, the Sensex touched its intraday low of 73,318.94 in early trade. However, buying interest emerged from lower levels, helping the index recover and fill part of the opening losses,” he said.
The benchmark subsequently rallied to an intraday high of 73,934.35, but the recovery lacked follow-through momentum. Profit booking and renewed selling pressure during the latter half of the session dragged the index lower, with the Sensex finally settling at 73,524.26, the analyst stated.
Sector-wise, the market witnessed widespread weakness with most sectors ending in negative territory. “Hospitals emerged as the lone outperforming segment and managed to close with gains. On the downside, Realty, Metal, Telecommunication, Commodities, Industrials, Capital Goods, Auto, Consumer Discretionary, Oil & Gas, Power, Information Technology, Financial Services, Consumer Durables, and Banking-related indices including BANKEX, PSU Banks, Private Banks, and Top 10 Banks witnessed significant selling pressure. The broad-based decline reflected a risk-off sentiment across the market, while defensive sectors showed relatively better resilience,” Tailor added.
From a technical perspective, Tailor said the Sensex managed to hold above the crucial 72,750–73,000 support zone, despite sharp intraday volatility.
“The recovery from the day’s low indicates buying interest at lower levels; however, the inability to sustain near the intraday high suggests that bears continue to remain active at higher levels. On the upside, the 73,900–74,000 zone remains an immediate resistance area, and a sustained move above this hurdle will be required to improve near-term sentiment,” he said.
For Tuesday’s trading session, Tailor stated the overall market bias remains cautiously negative as the index continues to trade below key resistance levels despite intraday recovery attempts.
“Broad-based weakness across sectors and the failure to sustain higher levels indicate that market participants remain risk-averse. As long as the Sensex holds above the 72,750–73,000 support zone, intermittent pullback rallies may continue. However, a decisive move above 73,900–74,000 is required to regain bullish momentum, while a breach of support could trigger further downside pressure in the near term,” the analyst concluded.
Sectoral indices on Monday, June 8
The BSE SmallCap Select index tanked 1.61 per cent, and the MidCap Select index dropped 1.51 per cent.
Sectorally, Realty dived 2.57 per cent, metal (2.43 per cent), Telecommunication (2.28 per cent), Commodities (2.09 per cent), Industrials (2.06 per cent), Capital Goods (1.98 per cent) and Auto (1.85 per cent). BSE Hospitals Index emerged as the only winner.
Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,776.25 crore on Friday, according to exchange data.
On Friday, the Sensex declined 116.67 points, or 0.16 per cent, to settle at 74,243.34. The Nifty dipped 49.85 points, or 0.21 per cent, to end at 23,366.70.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
