Monday's -1.04% decline on Nifty landed against a backdrop of uniform sector selling — Realty -2.56%, Metals -2.33%, Auto -1.85% — while only Pharma (-0.41%) provided relative shelter. The DII bid of ₹9,134 Cr absorbed nearly all of the ₹8,776 Cr FII outflow, leaving net market cash flow positive at ₹357 Cr — the institutional floor is holding even as the tape bleeds. The week's larger pivot arrives with US CPI on Wed Jun 10 at 18:00 IST, where consensus eyes inflation accelerating to 4.2% YoY from 3.8% prior.

The Iran–Israel ceasefire has introduced a volatile Brent narrative: crude printed near $96 overnight (+3.4%) yet headlines simultaneously place it near $94 as the truce holds tentatively. A durable ceasefire compresses the geopolitical premium baked into Energy and Oil & Gas names, which already underperformed by -1.64% and -1.57% Monday — relief or continued pain hinges on whether the halt in attacks holds through this week. The US 30Y at 5.00% (+2 bps overnight) keeps the dollar cost of carry elevated globally.

With Pharma the lone sector holding ground and FMCG a distant second at -0.42%, the internal rotation signal is defensive — money is not re-entering cyclicals, it is sheltering, which argues for watching whether IT (-1.23%) and Pvt Banks (-0.67%) can stabilise before any broader recovery thesis takes shape. Wipro's -8.37% move is a sector-specific weight that clouds IT's recovery path independently of macro.