Indian shares may swing between gains and losses on Wednesday, as a mixed lead from Wall Street and negative Asian cues may prompt investors to take some profits after recent gains. Besides, oil prices continue to rise, with crude futures gaining around 2.5 percent overnight to close at a nine-month high, due largely to supply concerns after Iran's move to cut off crude supplies to U.K. and France fueled fears of further disruptions from the Middle East.
Indian shares extended recent gains on Tuesday after Euro zone finance ministers reached an agreement on a 130 billion euro deal for Greece, which will help the cash-strapped nation avoid a disorderly default on its debt next month. The benchmark 30-share Sensex finished the day up 139 points or 0.76 percent at 18,429, while the broader Nifty index climbed 43 points or 0.77 percent to 5,607.
On Wall Street, the major averages ended narrowly mixed overnight as the Greek debt deal is largely priced in by the markets. Asian markets are trading mostly lower as concerns over Greece's debt crisis persist and investors await a key report on Chinese manufacturing.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.