Sensex Today | Nifty 50 | Stock Market Highlights 4 June 2026: Benchmarks close flat after volatile session, Titan leads rebound

Indian equities finished almost unchanged on Thursday after a gap-down open and wide intraday swings, with the Sensex ending at 74,360 and the Nifty 50 at 23,416, as traders stayed cautious ahead of Friday’s RBI policy decision and tracked easing crude prices and persistent FII selling.

Market Overview

Index	4 Jun Close	Move & % Change	Comments
Sensex	74,360.01	+14 pts (+0.02%)	Recovered nearly 740 pts from day’s low on expiry day volatility.
Nifty 50	23,416.55	+11 pts (+0.05%)	Held above 23,400 after testing support near 23,250–23,150 zone.
Nifty Midcap 100	approx. 52-week high zone	up 0.5%	Outperformed large caps, aided by broad-based buying.
Nifty Smallcap 100	approx. 52-week high zone	up 0.5%	Benefited from risk-on sentiment in broader market.
India VIX	15.77	-3% approx.	Volatility cooled from morning spike above 16.

Note: figures are approximate; final exchange data not available at time of publication.

• Trade stayed choppy after a weak start triggered by negative global cues and Middle East tensions.
• Sensex slipped below 74,100 in early trade before reversing to test 74,500 intraday.
• Nifty 50 briefly fell below 23,350, then reclaimed 23,400 and crossed 23,450 intraday.
• India VIX swung from a 6% jump at open to a decline by close, signalling intraday stabilisation.
• Market breadth on NSE was positive: 1,817 stocks advanced, 1,474 declined, 105 were unchanged.

Key Movers

Top Gainers (Large-cap focus)

Stock	Sector	Notable Factor
Titan Company	Consumer durables	Rose about 4%, emerged as top Sensex gainer.
Eternal (Zomato parent)	Internet / consumer	Gained around 3%, among key index supports.
ITC	FMCG	Added about 1%, aided defensive buying.
Tech Mahindra	IT services	Climbed around 1%, bucking broader IT weakness.
State Bank of India	PSU bank	Advanced near 1%, supported Bank Nifty tone.
ICICI Bank	Private bank	Rose around 0.8–1%, outperformed some private peers.
Bharat Electronics (BEL)	Defence electronics	Gained about 0.8%, extended recent strength.
Maruti Suzuki	Auto	Edged higher, up about 0.2%.
Mahindra & Mahindra	Auto	Traded mildly positive, aiding auto pack.

Top Losers (Large-cap focus)

Stock	Sector	Notable Factor
Infosys	IT services	Fell about 1.7%, top Sensex drag.
Bajaj Finserv	NBFC	Declined around 1.4%, weighed on financials.
UltraTech Cement	Cement	Dropped nearly 1%, continued sectoral pressure.
HCL Technologies	IT services	Lost about 0.9%, part of IT underperformance.
Reliance Industries	Oil & telecom	Eased around 0.7%, capped index upside.
Adani Ports & SEZ	Ports & logistics	Slipped about 0.7%, amid recent EPS downgrades.
Tata Steel	Metals	Down around 0.6%, tracking weaker metal index.
Hindustan Unilever	FMCG	Soft by about 0.5%, profit-taking seen.
Sun Pharma	Pharmaceuticals	Edged lower, down nearly 0.5%.
Larsen & Toubro	Capital goods	Slight decline, under pressure after EPS cuts.

• Intra-day, Trent fell over 2%, while Maruti Suzuki, ICICI Bank and M&M gained more than 1% at mid-session.
• Broader action included a sharp rally in Physicswallah, up about 18% after announcing a shift to an NBFC-partnership lending model.

Sectoral Action

Sector / Index	Direction (approx.)	Key Drivers
Nifty Consumer Durables	up more than 2%	Led by Titan, supported by discretionary demand optimism.
Nifty Metal	down 0.7%	Profit-taking despite selective earnings upgrades in metals.
Nifty IT	down up to 1% intraday	Continued selling after recent underperformance and AI-related concerns.
Nifty Bank	up about 1% from low	Recovery from 53,829 to 54,334 amid stock-specific moves.
PSU Banks	mixed to positive	SBI, Bank of Baroda gained, offsetting PNB weakness.

• Canara Bank, PNB, AU Small Finance Bank, HDFC Bank, Kotak Bank, Axis Bank traded lower intraday despite index recovery.
• IDFC First Bank, SBI, Bank of Baroda, Federal Bank and ICICI Bank advanced up to about 1.4%.

Technical Outlook

• Nifty has repeatedly rebounded from the 23,250–23,150 band over the last three sessions.
• SBI Securities highlighted 23,300–23,320 as crucial support and 23,550–23,570 as immediate resistance.
• A sustained move above 23,580 could extend the pullback towards 23,700–23,770.
• On the downside, a break below 23,300 may open 23,200–23,150, with 23,000 as the next psychological level.
• The index continues to trade below key moving averages, with daily RSI stuck in a narrow range, indicating lack of strong directional momentum.
• For Sensex, support is seen near 74,000, with resistance around 74,800.

• “This is the third consecutive session markets have witnessed a recovery from the 23,250–23,150 zone” — SBI Securities.

Bank Nifty Snapshot

Statistic	Value / Range	Context
Intraday low	53,829.40	Slipped 0.6% at open amid global risk-off.
Intraday high	54,333.70	Rebounded nearly 1% from low, but below key averages.
Immediate support	53,700–53,800	Multiple analysts flag this band as near-term floor.
Immediate resistance	54,500–54,800	Close above 55,200–55,400 needed for breakout.

• Price action formed a bullish candle with a lower wick, signalling buying at lower levels.
• The index still trades below key short and long-term moving averages, including the 20-day SMA near 54,200.
• Analysts expect heightened volatility in Bank Nifty around the RBI policy outcome.

Global Cues and Macro Drivers

Market / Asset	Movement	Notes
Brent crude	around $97/bbl, -0.7%	Fell after Israel–Lebanon ceasefire raised hopes of broader deal.
WTI crude	about $95.3/bbl, -0.7%	Easing prices tempered inflation worries but remain elevated.
US equities	-0.7% to -1.2%	Financials and tech dragged on Middle East escalation.
Asian equities	mostly lower	Japan, South Korea, Hong Kong indices declined on risk-off mood.

• Fresh US–Iran strikes and a fragile ceasefire kept geopolitical risk high despite de-escalation hopes.
• US Treasury yields eased slightly, with the 10-year around 4.48%, supporting risk assets intraday.

Flows, Rupee and Key Statistics

Statistic	Value / Change	Context
FII flows (Wed)	₹5,617 crore net sold	Fourth straight session of heavy selling, over ₹39,625 crore in four days.
DII flows (Wed)	₹5,741 crore net bought	Domestic institutions offset foreign selling.
Rupee close (Thu)	95.58 per USD	Slightly weaker from 95.7050, rangebound ahead of RBI policy.

• Persistent FII outflows and elevated crude have kept risk appetite in check.
• Traders await the RBI Monetary Policy Committee outcome, with focus on stance, inflation commentary and any hints on currency management.

Earnings Expectations Backdrop

• Consensus FY27 EPS estimates for Nifty 50 have been cut by 9% over the past year.
• The index has fallen 4.9% in the same period, implying earnings downgrades outpace price correction.
• In May alone, 31 Nifty 50 companies saw FY27 EPS downgrades, while 15 saw upgrades.
• Sectors with broad-based cuts include infrastructure & ports, cement, insurance, telecom, industrials, and utilities.
• Metals and mining saw upgrades, led by Hindalco Industries, ONGC, Tata Steel and Bajaj Auto.
• Among large names, Cipla, Dr Reddy’s Laboratories, Adani Enterprises, L&T, and Adani Ports & SEZ faced sharper EPS reductions.

• This downgrade cycle and cautious macro backdrop are contributing to the market’s range-bound behaviour around record highs.

RBI Policy Watch

• The MPC meeting concludes Friday, with consensus expecting a status quo on the policy rate.
• Market focus is on the inflation outlook, liquidity guidance and any signal on a shift towards tightening amid Middle East-driven price risks.
• Currency traders expect the rupee to trade in a 95.25–96.25 band in the near term, tracking the policy tone.

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