{"id":14646,"date":"2026-06-03T04:34:23","date_gmt":"2026-06-03T04:34:23","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=14646"},"modified":"2026-06-03T05:00:43","modified_gmt":"2026-06-03T05:00:43","slug":"market-opening-bell-3-june-2026","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/market-opening-bell-3-june-2026\/","title":{"rendered":"Market Opening Bell: Sensex loses over 800 points"},"content":{"rendered":"
\"Market<\/figure>\n\n\n

Indian equities opened sharply lower on Wednesday, with the Sensex<\/strong> falling over 800 points<\/strong> around the opening bell and the Nifty 50<\/strong> slipping below 23,300<\/strong>, as renewed US\u2011Iran tensions, higher crude prices and continued FII selling weighed on sentiment.<\/p>\n\n\n\n

The selloff, which erased more than \u20b93 lakh crore<\/strong> in BSE market capitalisation in early trade, came ahead of the Reserve Bank of India\u2019s policy decision, with traders cutting risk in rate\u2011sensitive and export\u2011linked pockets.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
Index<\/strong><\/th>3 June 2026 Open \/ Early Trade<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>73,840 (approx.)<\/td>-809 pts (-1.1%)<\/td>Opened in red, extended losses past 800 points by 9:40 am.<\/td><\/tr>
Nifty 50<\/strong><\/td>23,266\u201323,318 (approx.)<\/td>-167 to -217 pts (-0.7% to -0.9%)<\/td>Broke below 23,300 after weak open.<\/td><\/tr>
Nifty Midcap 100<\/strong><\/td>Not stated<\/td>down 0.7% (approx.)<\/td>Underperformed broader market in early trade.<\/td><\/tr>
Nifty Smallcap 100<\/strong><\/td>Not stated<\/td>down 0.5% (approx.)<\/td>Declined, but less than midcaps.<\/td><\/tr>
India VIX<\/strong><\/td>16.62 (intraday)<\/td>+8% (approx.)<\/td>Volatility spiked as indices slipped over 1%.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: figures are approximate; final exchange data not available at time of publication.<\/p>\n\n\n\n

    \n
  • BSE market capitalisation fell by over \u20b93 lakh crore<\/strong> to about \u20b9459 lakh crore<\/strong>.<\/li>\n\n\n\n
  • Around 1,634<\/strong> NSE stocks declined, 913<\/strong> advanced, 84<\/strong> were unchanged.<\/li>\n\n\n\n
  • Gift Nifty traded around 23,456\u201323,477<\/strong>, signalling a gap\u2011down start.<\/li>\n<\/ul>\n\n\n\n

    Key movers<\/h2>\n\n\n\n
    Top Gainers (early trade)<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
    Adani Ports & SEZ<\/strong><\/td>Ports & logistics<\/td>Rose around 1% despite broad market weakness.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    Top Losers (early trade)<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
    TCS<\/strong><\/td>IT services<\/td>Part of profit\u2011taking after recent sharp rally.<\/td><\/tr>
    HCL Technologies<\/strong><\/td>IT services<\/td>Declined 2\u20135% with Nifty IT under pressure.<\/td><\/tr>
    Tech Mahindra<\/strong><\/td>IT services<\/td>Fell as IT index reversed prior gains.<\/td><\/tr>
    Infosys<\/strong><\/td>IT services<\/td>Dropped after three\u2011session IT outperformance.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • Nifty IT<\/strong> fell about 4%<\/strong>, leading sectoral losses after a three\u2011day surge.<\/li>\n\n\n\n
    • Recent IT rally had lifted Nifty IT 4.2%<\/strong> on Tuesday and 7.6%<\/strong> over three sessions.<\/li>\n\n\n\n
    • Broader early\u2011session losers included rate\u2011sensitive and export\u2011oriented counters.<\/li>\n<\/ul>\n\n\n\n

      Sectoral action<\/h2>\n\n\n\n
      Sector \/ Index<\/strong><\/th>Direction (approx.)<\/strong><\/th>Key Drivers<\/strong><\/th><\/tr><\/thead>
      Nifty IT<\/strong><\/td>down 4%<\/td>Profit\u2011taking after strong three\u2011session rally and global risk\u2011off.<\/td><\/tr>
      Midcaps & Smallcaps<\/strong><\/td>down 0.5\u20130.7%<\/td>Broad\u2011based selling amid higher volatility.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • Previous session saw buying in Consumer Durables, FMCG and Auto, but tone turned cautious.<\/li>\n\n\n\n
      • Healthcare, Pharma and Oil & Gas had already been under pressure in the prior session.<\/li>\n<\/ul>\n\n\n\n

        Technical outlook<\/h2>\n\n\n\n
        Index \/ Metric<\/strong><\/th>Level \/ Range<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
        Nifty 50 close (2 June)<\/strong><\/td>23,483.55<\/strong><\/td>Formed strong bullish candle after intraday low at 23,229.15.<\/td><\/tr>
        Immediate Nifty support<\/strong><\/td>23,200\u201323,300<\/td>Multiple analysts flag this zone as key near\u2011term floor.<\/td><\/tr>
        Nifty resistance<\/strong><\/td>23,700\u201324,000<\/td>Includes 50\u2011DMA and 50\u2011EMA zones, seen as hurdle.<\/td><\/tr>
        Bank Nifty close (2 June)<\/strong><\/td>53,714.65<\/strong><\/td>Bullish candle, but still below key moving averages.<\/td><\/tr>
        Bank Nifty support<\/strong><\/td>52,500\u201353,400<\/td>Break below 53,400 may trigger deeper selling.<\/td><\/tr>
        Bank Nifty resistance<\/strong><\/td>54,200\u201355,000<\/td>Sustained move above needed for fresh uptrend.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Nifty options saw call writing at 23,500<\/strong> and 23,700<\/strong>, puts at 23,300\u201323,500<\/strong>, indicating a broad range.<\/li>\n\n\n\n
        • Gift Nifty traded below Tuesday\u2019s spot close, hinting at continued near\u2011term pressure.<\/li>\n\n\n\n
        • “The index has crucial support at 23,200<\/strong>, which needs to remain sacrosanct for the key benchmark to reach 24,000<\/strong> in the near term.” – Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.<\/li>\n<\/ul>\n\n\n\n

          Flows, rupee and key market statistics<\/h2>\n\n\n\n
          Statistic<\/strong><\/th>Value \/ Change<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
          FII flows (2 June)<\/strong><\/td>-\u20b98,362\u20138,363 crore<\/strong><\/td>Fifth straight session of net selling in equities.<\/td><\/tr>
          DII flows (2 June)<\/strong><\/td>+\u20b99,589 crore<\/strong><\/td>Domestic buying offset foreign selling in previous session.<\/td><\/tr>
          Rupee open (3 June)<\/strong><\/td>95.45\u201395.50 per USD<\/strong><\/td>Weakened by 14 paise amid higher crude and risk aversion.<\/td><\/tr>
          India VIX (2 June close)<\/strong><\/td>15.35<\/strong><\/td>Had eased earlier, but spiked above 16 in today\u2019s trade.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n
          • FIIs had also sold \u20b922,102 crore<\/strong> on 29 May<\/strong> and \u20b93,843 crore<\/strong> on 1 June<\/strong>.<\/li>\n\n\n\n
          • Analysts expect markets to stay range\u2011bound, with stock\u2011specific action dominating.<\/li>\n<\/ul>\n\n\n\n
              \n
            • “Even though the sustained FPI outflow is a strong headwind, the fair valuations, the recovery in earnings growth reflected in Q4 numbers and the strong domestic flows can impart resilience to the market.” – VK Vijayakumar, Chief Investment Strategist, Geojit Investments.<\/li>\n<\/ul>\n\n\n\n

              Global cues and crude oil<\/h2>\n\n\n\n
              Market \/ Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
              Brent crude<\/strong><\/td>around $97\/bbl<\/strong>, up about 1.1%<\/td>Spiked as US\u2011Iran conflict escalated, Strait of Hormuz risk.<\/td><\/tr>
              WTI crude<\/strong><\/td>near $95\/bbl<\/strong>, up about 1.2%<\/td>Gains on supply disruption fears.<\/td><\/tr>
              Japan Nikkei 225<\/strong><\/td>up 2.17%<\/td>Hit record high despite Middle East uncertainty.<\/td><\/tr>
              Topix<\/strong><\/td>up 0.93%<\/td>Broader Japan equities firm.<\/td><\/tr>
              US Dow Jones<\/strong><\/td>up 0.45%<\/td>Closed higher despite geopolitical tensions.<\/td><\/tr>
              US S&P 500<\/strong><\/td>up 0.13%<\/td>Marginal gain, tech mixed.<\/td><\/tr>
              US Nasdaq Composite<\/strong><\/td>up 0.03%<\/td>Flat finish with stock\u2011specific swings.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                \n
              • US military reported intercepting Iranian missile and drone attacks in the Gulf and striking Qeshm Island.<\/li>\n\n\n\n
              • Crude gains revived concerns on India\u2019s import bill and inflation trajectory.<\/li>\n\n\n\n
              • RBI policy on 5 June<\/strong> is seen as a key event for rates, rupee and risk assets.<\/li>\n<\/ul>\n\n\n\n

                RBI policy watch<\/h2>\n\n\n\n
                  \n
                • RBI faces a trade\u2011off between supporting the rupee and preserving growth as crude rises.<\/li>\n\n\n\n
                • Repo rate stands at 5.25%<\/strong>; markets are split on the need for a hike.<\/li>\n\n\n\n
                • Economists expect inflation to drift higher and growth to moderate if oil stays elevated.<\/li>\n\n\n\n
                • “The RBI commentary and actions on June 5 will be keenly watched by the market.” – VK Vijayakumar, Geojit Investments.<\/li>\n<\/ul>\n\n\n\n

                  FAQs<\/h2>\n\n\n
                  \n
                  \n
                  \n

                  Why did Sensex open over 800 points lower today?<\/strong><\/h3>\n
                  \n\n

                  Geopolitical escalation in the US\u2011Iran conflict lifted Brent crude near $97<\/strong>, weakened the rupee and pushed US bond yields higher, while sustained FII selling and RBI policy uncertainty prompted risk\u2011off trades at the open.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  Which sectors are under the most pressure in early trade?<\/strong><\/h3>\n
                  \n\n

                  IT is leading declines, with Nifty IT<\/strong> down about 4%<\/strong> as heavyweights like TCS<\/strong>, Infosys<\/strong>, HCL Tech<\/strong> and Tech Mahindra<\/strong> see profit\u2011taking after a sharp three\u2011session rally.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  What levels should traders watch on Nifty and Bank Nifty?<\/strong><\/strong><\/h3>\n
                  \n\n

                  For Nifty, analysts flag 23,200\u201323,300<\/strong> as immediate support and 23,700\u201324,000<\/strong> as resistance. Bank Nifty support lies around 52,500\u201353,400<\/strong>, with resistance in the 54,200\u201355,000<\/strong> zone, where a breakout is needed to confirm an uptrend.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  Why did Sensex open sharply lower on 3 June 2026?<\/strong><\/h3>\n
                  \n\n

                  Sensex fell over 800 points at the open as renewed US\u2011Iran tensions pushed Brent crude near $97 a barrel, the rupee weakened, US bond yields rose and foreign institutional investors continued heavy selling ahead of the RBI policy meeting.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  How did Nifty 50 and broader indices behave at the opening bell?<\/strong><\/h3>\n
                  \n\n

                  Nifty 50 slipped below 23,300, losing around 0.7%\u20130.9% in early trade. Selling was broad based, with Nifty Midcap 100 down about 0.7% and Nifty Smallcap 100 lower by 0.5%, while India VIX jumped over 8% to around 16.6.<\/p>\n\n<\/div>\n<\/div>\n

                  \n

                  Which sectors and stocks are driving the market move today?<\/strong><\/h3>\n
                  \n\n

                  IT is the main drag, with Nifty IT down about 4% as TCS, Infosys, HCL Tech and Tech Mahindra decline after a strong three\u2011session rally. Adani Ports is among the few gainers, rising around 1% despite the broader selloff.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

                  Indian equities opened sharply lower on Wednesday, with the Sensex falling over 800 points around the opening bell and the Nifty 50 slipping below 23,300, as renewed US\u2011Iran tensions, higher crude prices and continued FII selling weighed on sentiment. The selloff, which erased more than \u20b93 lakh crore in BSE market capitalisation in early trade, […]<\/p>\n","protected":false},"author":15,"featured_media":14645,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities opened sharply lower on Wednesday, with the Sensex falling over 800 points around the opening bell and the Nifty 50 slipping below 23,300, as renewed US\u2011Iran tensions, higher crude prices and continued FII selling weighed on sentiment. The selloff, which erased more than \u20b93 lakh crore in BSE market capitalisation in early trade, came ahead of the Reserve Bank of India\u2019s policy decision, with traders cutting risk in rate\u2011sensitive and export\u2011linked pockets. Sensex fell over 800 points at the open as renewed US\u2011Iran tensions pushed Brent crude near $97 a barrel, the rupee weakened, US bond yields rose and foreign institutional investors continued heavy selling ahead of the RBI policy meeting.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"be4756c87df8525391ae5e7acafabddfaa50ff2b","footnotes":""},"categories":[512],"tags":[544,545,515],"class_list":["post-14646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates","tag-nifty","tag-sensex","tag-stock-market"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-800-points-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Indian equities opened sharply lower on Wednesday, with the Sensex falling over 800 points around the opening bell and the Nifty 50 slipping below 23,300, as renewed US\u2011Iran tensions, higher crude prices and continued FII selling weighed on sentiment. The selloff, which erased more than \u20b93 lakh crore in BSE market capitalisation in early trade,…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=14646"}],"version-history":[{"count":2,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14646\/revisions"}],"predecessor-version":[{"id":14651,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14646\/revisions\/14651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14645"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}