{"id":14678,"date":"2026-06-04T04:44:17","date_gmt":"2026-06-04T04:44:17","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=14678"},"modified":"2026-06-04T04:44:20","modified_gmt":"2026-06-04T04:44:20","slug":"market-opening-bell-4-jun-2026","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/market-opening-bell-4-jun-2026\/","title":{"rendered":"Market Opening Bell 4 June 2026: Sensex loses 500 points"},"content":{"rendered":"
\"Market<\/figure>\n\n\n

Indian equities opened sharply lower on Thursday, with the Sensex down about 500 points<\/strong> near 73,900 and the Nifty 50 below 23,300<\/strong>, as persistent foreign selling, elevated crude prices and weak global cues kept sentiment cautious.<\/p>\n\n\n\n

Market Overview<\/h2>\n\n\n\n
Index<\/strong><\/th>4 Jun 2026 Open \/ Early Trade<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>approx. 73,890<\/strong><\/td>about -456 pts (-0.6%)<\/strong><\/td>Opened deep in red after gap down, tracking global weakness.<\/td><\/tr>
Nifty 50<\/strong><\/td>approx. 23,323<\/strong><\/td>about -83 pts (-0.35%)<\/strong><\/td>Slipped below 23,300, extending prior session\u2019s decline.<\/td><\/tr>
Nifty Midcap 100<\/strong><\/td>NA (early trade)<\/td>down up to 0.3%<\/strong><\/td>Broader markets weaker but losses milder than large caps.<\/td><\/tr>
Nifty Smallcap 100<\/strong><\/td>NA (early trade)<\/td>down up to 0.3%<\/strong><\/td>Traded in red alongside frontline indices.<\/td><\/tr>
India VIX<\/strong><\/td>16.28<\/strong><\/td>+6%<\/strong><\/td>Volatility gauge spiked, signalling heightened uncertainty.<\/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
  • Nifty 50<\/strong> resumed its downtrend after closing at 23,405.60<\/strong> on Wednesday.<\/li>\n\n\n\n
  • Sensex<\/strong> had fallen 303.67 points<\/strong> to 74,346.17<\/strong> in the previous session.<\/li>\n\n\n\n
  • Market breadth at open: 1,242 declines<\/strong>, 1,069 advances<\/strong>, 128 unchanged<\/strong> on NSE.<\/li>\n\n\n\n
  • Gift Nifty traded around 23,315\u201323,346<\/strong>, indicating a gap-down start.<\/li>\n<\/ul>\n\n\n\n

    Key Market Statistics<\/h2>\n\n\n\n
    Statistic<\/strong><\/th>Value\/Change<\/strong><\/th>Context<\/strong><\/th><\/tr><\/thead>
    FII flows (Wed, provisional)<\/strong><\/td>\u20b95,616.56 crore net sold<\/strong><\/td>Persistent overseas selling weighing on indices.<\/td><\/tr>
    DII flows (Wed, provisional)<\/strong><\/td>\u20b95,740.89 crore net bought<\/strong><\/td>Domestic institutions offset part of FII outflows.<\/td><\/tr>
    Rupee (early trade Thu)<\/strong><\/td>95.69 per USD<\/strong>, +7 paise<\/strong><\/td>Mild recovery, but sentiment cautious amid oil and policy risk.<\/td><\/tr>
    India VIX<\/strong><\/td>16.28<\/strong>, +6%<\/strong><\/td>Rising volatility after sharp swings in previous session.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • FIIs sold \u20b912,274.6 crore<\/strong> over the last two sessions, per exchange data cited in commentary.<\/li>\n\n\n\n
    • \u201cThe recent declining market highlights the increasing sensitivity of domestic equities to geopolitical developments,\u201d said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.<\/strong><\/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 nearly 1%<\/strong> at open<\/td>Followed prior 5.5%<\/strong> slide on profit booking and global tech weakness.<\/td><\/tr>
      PSU Banks<\/strong><\/td>mixed to positive (previous close)<\/td>Buying interest supported Wednesday\u2019s intraday recovery.<\/td><\/tr>
      Private Banks<\/strong><\/td>mixed to positive (previous close)<\/td>Financials helped Nifty rebound from 23,150 on Wednesday.<\/td><\/tr>
      Pharma & Healthcare<\/strong><\/td>up in prior session<\/td>Defensive buying aided broader market support.<\/td><\/tr>
      Realty & FMCG<\/strong><\/td>down in prior session<\/td>Faced selling pressure amid risk-off mood.<\/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
      • All sectoral indices opened in the red on Thursday, with IT leading losses<\/strong>.<\/li>\n\n\n\n
      • Previous session saw sharp rotation out of IT into banks and defensives.<\/li>\n<\/ul>\n\n\n\n

        Key Movers<\/h2>\n\n\n\n
        Stock<\/strong><\/th>Sector<\/strong><\/th>Notable Factor<\/strong><\/th><\/tr><\/thead>
        Infosys<\/strong><\/td>IT<\/td>Among top Sensex losers at open, tracking global tech weakness and profit booking.<\/td><\/tr>
        ICICI Bank<\/strong><\/td>Banking<\/td>Featured in early Sensex losers despite prior-day bounce in financials.<\/td><\/tr>
        Bharti Airtel<\/strong><\/td>Telecom<\/td>Traded lower in opening trade, contributing to index drag.<\/td><\/tr>
        Kotak Mahindra Bank<\/strong><\/td>Banking<\/td>Declined at open amid broader financials volatility.<\/td><\/tr>
        Reliance Industries<\/strong><\/td>Energy & Telecom<\/td>Early losses weighed on benchmarks.<\/td><\/tr>
        Asian Paints<\/strong><\/td>Consumer<\/td>One of the few Sensex names with marginal gains at open.<\/td><\/tr>
        InterGlobe Aviation (IndiGo)<\/strong><\/td>Aviation<\/td>Shares down nearly 30%<\/strong> from peak after operational challenges this year.<\/td><\/tr>
        Rajesh Exports<\/strong><\/td>Gems & Jewellery<\/td>Hit 5% lower circuit<\/strong> after SEBI interim order alleging revenue inflation.<\/td><\/tr>
        Lenskart<\/strong><\/td>Consumer\/Tech<\/td>Fell about 2%<\/strong> after a \u20b92,873 crore<\/strong> stake sale by SoftBank.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • SEBI barred Rajesh Exports<\/strong> Chairman Rajesh Mehta<\/strong> from trading in company shares after a forensic probe.<\/li>\n\n\n\n
        • IndiGo<\/strong> continues to face pressure from pilot shortages and schedule disruptions.<\/li>\n<\/ul>\n\n\n\n

          Technical Outlook on Nifty, Sensex and Bank Nifty<\/h2>\n\n\n\n
            \n
          • \u201cOverall, the technical setup remains weak with benchmark indices trading below key moving averages,\u201d said Aakash Shah, Technical Research Analyst, Choice Equity Broking Private Limited.<\/strong><\/li>\n\n\n\n
          • He added that unless Nifty holds above 23,150<\/strong> and reclaims the 23,700<\/strong> zone, bears may retain control.<\/li>\n<\/ul>\n\n\n\n
              \n
            • Nifty 50 key levels<\/strong> cited by multiple analysts:<\/li>\n<\/ul>\n\n\n\n

              – Immediate support: 23,150\u201323,250<\/strong> zone.<\/p>\n\n\n\n

              – Critical downside: 23,000<\/strong> if 23,150 breaks decisively.<\/p>\n\n\n\n

              – Near resistance: 23,500<\/strong>, broader band 23,550\u201323,700<\/strong>.<\/p>\n\n\n\n

              – Major resistance: 23,800\u201324,000<\/strong>, coinciding with 50-day EMA and prior rejections.<\/p>\n\n\n\n

                \n
              • Sensex levels<\/strong> (intraday view):<\/li>\n<\/ul>\n\n\n\n

                – Support: around 74,000<\/strong>; below this, possible test of 73,700\u201373,500<\/strong>.<\/p>\n\n\n\n

                – Resistance: 74,600\u201375,000<\/strong> on any pullback.<\/p>\n\n\n\n

                  \n
                • Bank Nifty<\/strong> (previous close 54,185.95<\/strong>):<\/li>\n<\/ul>\n\n\n\n

                  – Immediate resistance: 54,500\u201354,800<\/strong>; further up at 55,100\u201355,500<\/strong> and 55,400<\/strong> as a key barrier.<\/p>\n\n\n\n

                  – Support: 53,700\u201353,800<\/strong>, with stronger base near 53,000<\/strong>.<\/p>\n\n\n\n

                  – Index trades below key moving averages; follow-through buying needed to sustain pullback.<\/p>\n\n\n\n

                    \n
                  • \u201cWe remain stuck in a range of 23,126\u201323,500<\/strong>, with 22,800\u201323,700<\/strong> seen as the larger range,\u201d said Anand James, Chief Market Strategist, Geojit Investments Limited.<\/strong><\/li>\n<\/ul>\n\n\n\n

                    Global Cues and Macro Backdrop<\/h2>\n\n\n\n
                    Market\/Asset<\/strong><\/th>Movement<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
                    Gift Nifty<\/strong><\/td>at 23,315\u201323,346<\/strong>, down vs futures close<\/td>Signalled gap-down open for domestic indices.<\/td><\/tr>
                    Japan Nikkei 225<\/strong><\/td>about -1.4%<\/strong><\/td>Fell on US-Iran tensions and inflation worries.<\/td><\/tr>
                    Japan Topix<\/strong><\/td>about -0.9%<\/strong><\/td>Tracked regional risk-off sentiment.<\/td><\/tr>
                    South Korea Kospi<\/strong><\/td>about -2%<\/strong><\/td>Declined sharply on energy and growth concerns.<\/td><\/tr>
                    US Dow Jones<\/strong><\/td>-1.21%<\/strong> (Wed close)<\/td>Dragged by financials and tech on Middle East escalation.<\/td><\/tr>
                    S&P 500<\/strong><\/td>-0.74%<\/strong><\/td>AI-led gains offset by war-driven cost pressures.<\/td><\/tr>
                    Nasdaq Composite<\/strong><\/td>-0.89%<\/strong><\/td>Mixed moves in large-cap tech and chip names.<\/td><\/tr>
                    Brent crude<\/strong><\/td>around $97.14<\/strong>, -0.69%<\/strong><\/td>Eased after Israel-Lebanon ceasefire, but remains elevated.<\/td><\/tr>
                    WTI crude<\/strong><\/td>around $95.4<\/strong>, -0.65%<\/strong><\/td>High levels keep inflation and CAD concerns alive.<\/td><\/tr>
                    Spot gold<\/strong><\/td>around $4,450\/oz<\/strong>, +0.4%<\/strong><\/td>Benefited from safe-haven demand and softer dollar.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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

                      \n
                    • Escalating US-Iran conflict<\/strong> and broader Middle East tensions continue to drive risk-off trades.<\/li>\n\n\n\n
                    • Iran\u2019s foreign minister flagged \u201cno tangible progress\u201d in talks, while US President Donald Trump voiced optimism about a possible deal.<\/li>\n\n\n\n
                    • RBI\u2019s Monetary Policy Committee outcome on 5 June<\/strong> remains a key domestic event, with focus on stance and commentary on inflation and rupee.<\/li>\n<\/ul>\n\n\n\n

                      Strategy Views<\/h2>\n\n\n\n
                        \n
                      • \u201cIn the near term, headwinds are stronger for the market than tailwinds,\u201d said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.<\/strong><\/li>\n\n\n\n
                      • He cited \u201ccontinuing uncertainty in West Asia and big and sustained FPI selling\u201d as key drags.<\/li>\n\n\n\n
                      • Vijayakumar flagged aggressive FPI short positions in derivatives as a risk, but noted that weakness could offer long-term opportunities in quality banks, pharma, auto and auto ancillaries.<\/li>\n<\/ul>\n\n\n\n
                          \n
                        • \u201cGiven the prevailing uncertainty, we continue to maintain a cautious stance and recommend a stock-specific approach with strict risk management,\u201d said Ajit Mishra, SVP Research, Religare Broking Ltd.<\/strong><\/li>\n<\/ul>\n\n\n\n

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

                          Why did the Sensex and Nifty open sharply lower today?<\/strong><\/h3>\n
                          \n\n

                          Persistent FII selling<\/strong>, elevated crude prices<\/strong>, weak global markets and uncertainty around the US-Iran conflict<\/strong> and RBI policy weighed on sentiment, triggering a gap-down open.<\/p>\n\n<\/div>\n<\/div>\n

                          \n

                          What are the crucial support and resistance levels for Nifty 50 now?<\/strong><\/h3>\n
                          \n\n

                          Analysts highlight support around 23,150\u201323,250<\/strong>, with 23,000<\/strong> as a key psychological floor. Resistance lies near 23,500<\/strong>, then 23,550\u201323,700<\/strong>, and a stronger ceiling at 23,800\u201324,000<\/strong>.<\/p>\n\n<\/div>\n<\/div>\n

                          \n

                          How are foreign and domestic institutional investors positioned?<\/strong><\/h3>\n
                          \n\n

                          FIIs were net sellers of \u20b95,616.56 crore<\/strong> on Wednesday and over \u20b912,274 crore<\/strong> across the last two sessions, while DIIs bought roughly \u20b95,740.89 crore<\/strong> on Wednesday, partially cushioning the outflows.<\/p>\n\n<\/div>\n<\/div>\n

                          \n

                          Why did the Sensex and Nifty open sharply lower today?<\/strong><\/h3>\n
                          \n\n

                          Persistent FII selling, elevated crude prices, weak global cues and uncertainty around the US-Iran conflict and RBI policy led to a gap-down open in both indices.<\/p>\n\n<\/div>\n<\/div>\n

                          \n

                          What are the key support and resistance levels for Nifty 50 now?<\/strong><\/h3>\n
                          \n\n

                          Support is seen around 23,150\u201323,250, with 23,000 as a psychological floor. Resistance is near 23,500, then 23,550\u201323,700, and a stronger ceiling at 23,800\u201324,000.<\/p>\n\n<\/div>\n<\/div>\n

                          \n

                          How are FIIs and DIIs trading in the current environment?<\/strong><\/h3>\n
                          \n\n

                          FIIs have been net sellers, offloading \u20b95,616.56 crore on Wednesday and over \u20b912,274 crore in two sessions, while DIIs bought \u20b95,740.89 crore on Wednesday, partly offsetting overseas outflows.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

                          Indian equities opened sharply lower on Thursday, with the Sensex down about 500 points near 73,900 and the Nifty 50 below 23,300, as persistent foreign selling, elevated crude prices and weak global cues kept sentiment cautious. Market Overview Index 4 Jun 2026 Open \/ Early Trade Move & % Change Comments Sensex approx. 73,890 about […]<\/p>\n","protected":false},"author":15,"featured_media":14677,"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 Thursday, with the Sensex down about 500 points near 73,900 and the Nifty 50 below 23,300, as persistent foreign selling, elevated crude prices and weak global cues kept sentiment cautious. Nifty 50 key levels cited by multiple analysts:. - Immediate support: 23,150\u201323,250 zone. - Critical downside: 23,000 if 23,150 breaks decisively. - Near resistance: 23,500, broader band 23,550\u201323,700. - Major resistance: 23,800\u201324,000, coinciding with 50-day EMA and prior rejections. Bank Nifty (previous close 54,185.95):. - Immediate resistance: 54,500\u201354,800; further up at 55,100\u201355,500 and 55,400 as a key barrier. - Support: 53,700\u201353,800, with stronger base near 53,000. - Index trades below key moving averages; follow-through buying needed to sustain pullback. \u201cWe remain stuck in a range of 23,126\u201323,500, with 22,800\u201323,700 seen as the larger range,\u201d said Anand James, Chief Market Strategist, Geojit Investments Limited.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"7bef13f7f0b87ecdc1d04087887217c64ab9630c","footnotes":""},"categories":[512],"tags":[558,544,545,515,315],"class_list":["post-14678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates","tag-market-opening","tag-nifty","tag-sensex","tag-stock-market","tag-stock-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-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-500-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/market-opening-bell-sensex-loses-500-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 Thursday, with the Sensex down about 500 points near 73,900 and the Nifty 50 below 23,300, as persistent foreign selling, elevated crude prices and weak global cues kept sentiment cautious. Market Overview Index 4 Jun 2026 Open \/ Early Trade Move & % Change Comments Sensex approx. 73,890 about…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14678","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=14678"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14678\/revisions"}],"predecessor-version":[{"id":14679,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/14678\/revisions\/14679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/14677"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=14678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=14678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}