Stock Markets News as on 2nd June, 2026
Indian Stock Market Performance Today – 2 June 2026: Sensex Snaps 4-Day Losing Streak, Rallies 382 Points on IT Surge
Indian benchmark indices closed higher on Tuesday, 2 June 2026, snapping a four-day losing streak. The BSE Sensex jumped 382.50 points (0.52%) to settle at 74,649.84, while the NSE Nifty 50 rose 100.95 points (0.43%) to close at 23,483.55.
Key Market Highlights
| Index | Opening | Intraday High | Closing | Change |
|---|---|---|---|---|
| BSE Sensex | ~74,267 | 74,813.35 | 74,649.84 | +382.50 (+0.52%) |
| NSE Nifty 50 | 23,229.15 | 23,556.95 | 23,483.55 | +100.95 (+0.43%) |
| Nifty Bank | ~53,643 | 53,933.55 | 53,714.65 | +71.55 |
The market opened 153 points lower for Nifty but staged a strong afternoon recovery from intraday lows, forming a long bullish candle with above-average volumes.
Why Did the Markets Rise Today?
1. Geopolitical Tensions Ease
President Donald Trump revived hopes of a US-Iran peace deal, stating negotiations were ongoing and expecting a ceasefire extension “over the next week.” This reversed his more combative stance from Monday and eased geopolitical anxieties.
2. Crude Oil Prices Cool Down
International oil prices fell over 1.5%, with:
Lower oil prices ease pressure on India’s fiscal position, reduce inflation risks, and improve scope for monetary easing.
3. IT Stocks Lead the Rally (4.2% Surge)
The Nifty IT index surged 4.2%, bringing cumulative gains over three sessions to 7.6%. Technology shares were the primary engine of the afternoon rebound.
Top Moving Stocks:
Technical Analysis: Key Levels
Nifty 50
- Opened: 23,229.15 (153.45 points lower)
- High: 23,556.95 | Low: ~23,229
- Closed: 23,483.55
- Immediate Support: 23,420
- Immediate Resistance: 23,560
Bank Nifty
- Opened: 53,265.10 (378 points lower)
- High: 53,933.55
- Closed: 53,714.65
- Immediate Support: 53,590
- Immediate Resistance: 53,950
The index settled above the 23,450 mark with a healthy 3:2 advance-decline ratio, indicating broad-based buying.
Broader Market Performance
Global Markets & Commodities
What to Watch Next
- RBI Monetary Policy Meeting – Caution ahead of the policy decision impacted morning trading
- US-India Trade Deal Details – Market hopeful of positive outcome from ongoing negotiations
- Monsoon Progress – Monsoon anxieties kept some buyers on the sidelines
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Nifty 50 — Top gainers and losers in the Nifty 50 on June 1, 2026:
source – moneycontrol
Markets at Close
2nd June, 2026
Nifty at 23,480, Sensex up 383 pts led by IT stocks; pharma drags
Biggest Nifty gainers were TCS, Infosys, HCL Tech, Tech Mahindra, Adani Enterprises, while losers were NTPC, Power Grid Corp, Axis Bank, Dr Reddy’s Labs and HDFC Life. Among sectors IT index jumped 4.2%, while PSU Bank, auto, metal, Consumer Durables, realty up 0.5-1%. However, pharma, healthcare, power, down 0.3-0.8%. Nifty Midcap index rose 0.3 percent and Smallcap index added 0.4%.
Rupee at Close
2nd June, 2026
Indian rupee ended lower by 27 paise at 95.27 per dollar on versus previous close of 95.
Source : moneycontrol
FII’s & DII’s Activity on 2nd June, 2026
Net value in crores
| BUY | SELL | |
| DII | 9,589.32 | |
| FII | 8,362.92 |
Bottom Line: The Indian stock market delivered a relief rally on Tuesday, driven by easing geopolitical tensions, cooling crude oil, and a massive 4.2% IT sector surge. The Sensex’s 382-point gain ended a four-day losing streak, though investors remain cautious ahead of the RBI policy and US-India trade deal developments.
*Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
NOTE: *** The above information is based on the source and just for educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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