Sensex, Nifty end lower amid renewed military exchanges between US and Iran, IT stocks drag

Benchmark indices Sensex and Nifty ended the trading session lower on June 11 as renewed military exchanges between the United States and Iran reignited concerns over the durability of the fragile ceasefire, keeping investor sentiment cautious. Heavy outflow by foreign institutional investors (FIIs) and a spike in US inflation further dented investors' sentiment. The 30-share BSE Sensex fell 150.63 points or 0.20 per cent at 73,832.55. During the day, it hit a high of 74,394.34 and a low of 73,518.75, gyrating 875.59 points. The 50-share NSE Nifty fell 53.35 points or 0.23 per cent to settle at 23,161.60. Broader markets underperformed, with the BSE Midcap Select Index falling 184.99 points or 1.08 per cent, and the BSE Smallcap Select Index declining around 16.28 points or 0.27 per cent.