A field trip turned into a major scientific discovery in India
An assistant professor and his students found fossil remains in Odisha's Mayurbhanj district after locals referred to them as “Asura hadda” (demon bones)
Further investigation revealed shark teeth, vertebrae, and other ancient marine fossils believed to be around 15 million years old
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(Video: ANI)
Those who enter markets chasing quick money with F&O or intraday trading frequently find that the market is ruthless teacher.
Many exit the market early or lose a significant portion of their capital before they learn that wealth is created through long-term investing, not speculation.
📊 PRE-MARKET REPORT | Wednesday, June 10, 2026 ⚠️
A tense and watchful opening is on the cards for Dalal Street today. While the Indian market staged a stellar banking-led recovery on Tuesday, a severe overnight escalation in the Middle East has sent crude oil prices climbing, wiping out early global premiums. Additionally, global markets are completely holding their breath ahead of the high-stakes US CPI inflation data dropping later today.
### 📈 Market Snapshot (8:20 AM IST)
* GIFT Nifty: 23,273 (+31 pts) — Muted, flat open signaled compared to spot close.
* Nasdaq Composite: 25,929 (+0.86%) — Closed positive overnight but futures are sliding.
* S&P 500 / Dow Jones: S&P 500 rose 0.30%, while Dow Jones slipped marginally (-0.15%).
* Brent Crude: $92.15 (**Spiking Up**) — Facing intense upward pressure after military flare-ups near the Strait of Hormuz.
* USD/INR: ₹96.24 — Rupee remains under defensive macro pressure.
* India VIX: 15.58 (Down 8.5% yesterday) — Fear peak passed locally, but global headline risks remain.
### ⚡ Overnight International News: Hormuz Conflict Escalates
1. US-Iran Military Flashpoint: Geopolitical tensions hit a new boiling point overnight following the downing of an American AH-64 Apache helicopter near the Strait of Hormuz (authorities are currently investigating a potential drone collision). In rapid retaliation, US forces launched direct missile strikes against Iranian military targets on Qeshm Island. Iranian Foreign Minister Abbas Araghchi immediately warned that Tehran *will* respond, injecting fresh fear and a war premium back into energy markets.
2. US CPI D-Day Today: Beyond the geopolitical noise, the single largest macroeconomic event of the week drops tonight. The US May CPI inflation data will be released at 8:30 AM ET (approx. 6:00 PM IST). Markets are seeking a print below the previous 3.8% to justify interest rate cut hopes.
3. Asian Markets Retrench: Reacting to the Middle East military flares, regional Asian indices are trading heavily in the red this morning. South Korea's KOSPI is down 1.7% and Japan's Nikkei 225 is facing broad profit-booking.
### 🇮🇳 Top Domestic News & Triggers
* The Massive Banking Pivot: Bank Nifty engineered a spectacular 2.09% rally on Tuesday to settle at 55,194.50. SBI crossed the historic ₹1,000 mark for the first time. The domestic market’s resilience is entirely dependent on whether this banking sector momentum can hold against overseas triggers.
* FII Selling vs DII Absorption: The ongoing tug-of-war remains aggressive. FIIs net-sold a massive ₹5,553.86 crore in the previous session, but Domestic Institutional Investors (DIIs) stepped up heavily, net-buying ₹5,028.13 crore to single-handedly rescue the index.
* NLC India OFS Opens for Retail: The Government of India's up to 3% stake sale in NLC India via an Offer for Sale (OFS) opens today for retail investors at a floor price of ₹303 per share. Expect high localized trading action.
* Grasim Industries Mega Expansion: Grasim announced an aggressive investment of ₹3,094 crore for the Phase II expansion of its Lyocell capacity in Karnataka.
* HCL Tech Google Cloud Alliance: HCL Tech announced the formal launch of its AI Innovation Zone in California in collaboration with Google Cloud to scale agentic and physical AI applications.
* Support: 23,100 is the immediate tactical buy-zone, backed by concrete DII support. 23,000 remains the absolute floor for the weekly expiry.
* Resistance: Immediate intraday hurdle stands at 23,350. A clean structural breakout above this opens the doors to 23,500.
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A heavy headline day—trade light and keep your stop-losses strictly non-negotiable! 📉💰
The validity of a driving license in India currently stands at 20 years, which could soon be changed to 50 years, as the government is keen on the proposal.
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On #WorldNoTobaccoDay, I created a 25-foot sand sculpture at Puri Beach with the message: “Tobacco took my life. Don’t use tobacco—save your life.” Supporting this year’s @WHO theme, “Unmask the appeal – countering nicotine and tobacco addiction,” let us work together for a healthier, tobacco-free future. #SayNoToTobacco
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