Stock Markets News as on 3rd June, 2026
Indian Stock Market Performance Today – 3 June 2026: Sensex Falls 304 Points as IT Stocks Plummet 5.5%
Indian benchmark indices closed lower on Wednesday, 3 June 2026, giving up Tuesday’s gains amid a sharp IT sector selloff and profit booking. The BSE Sensex ended 303.67 points (0.41%) lower at 74,346.17, while the NSE Nifty 50 fell 77.95 points (0.33%) to settle at 23,405.60.
Key Market Highlights
| Index | Opening | Intraday Low | Closing | Change |
|---|---|---|---|---|
| BSE Sensex | ~74,650 | 73,492.60 | 74,346.17 | -303.67 (-0.41%) |
| NSE Nifty 50 | ~23,483 | 23,180.70 | 23,405.60 | -77.95 (-0.33%) |
| Nifty Bank | — | — | Above 53,400 | Modest gains |
The market plunged over 1,000 points during midday (Sensex hit 73,579) before recovering sharply from intraday lows, pare losses in a volatile session.
Why Did the Markets Fall Today?
1. IT Sector Crashes 5.5% (Worst Performer)
The Nifty IT index plunged 5.5% in its sharpest decline in months, erasing Tuesday’s 4.2% gain. Technology heavyweights led the sell-off as investors booked profits after the recent rally and reassessed AI’s impact on traditional IT services.
Top IT Losers:
| Stock | Loss (%) | Last Price (₹) |
|---|---|---|
| Tata Consultancy Services (TCS) | -8.25% | 2,446.90 |
| Tech Mahindra | -6.45% | 1,571.40 |
| HCL Technologies | -5.31% | 1,243.50 |
| Infosys | -3.96% | 1,270.80 |
| Wipro | -2.83% | 209.84 |
2. Rising Crude Oil Prices
Oil prices reversed Tuesday’s decline, with concerns over geopolitical tensions in the Middle East adding pressure to markets.
3. Continuous FII Outflows
Foreign Institutional Investors (FIIs) continued selling, weighing on market sentiment alongside profit booking.
4. RBI Monetary Policy Meeting
Markets remained cautious ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting beginning today.
Top Gainers & Losers (Nifty 50)
🟢 Top 5 Gainers
| Stock | Gain (%) | Last Price (₹) | Catalyst |
|---|---|---|---|
| Apollo Hospitals Enterprise | +2.59% | 8,290.50 | Healthcare demand |
| Tata Motors Passenger Vehicles | +2.04% | 398.15 | Strong sales outlook |
| InterGlobe Aviation (IndiGo) | +1.88% | — | Travel recovery |
| Max Healthcare Institute | +1.72% | — | Healthcare rally |
| State Bank of India (SBI) | +1.55% | — | PSU bank strength |
Other notable gainers: ICICI Bank (+1.3%), Vodafone Idea (+5.3%), GE Vernova T&D India (+3.95%), NHPC (+3.39%), Mankind Pharma (+3.31%), Federal Bank (+3.19%).
🔴 Top 5 Losers
Other notable losers: ITC (-2.2%), Persistent Systems (-7.14%), Coforge (-6.59%), KPIT Technologies (-4.62%), MphasiS (-4.46%), Tata Elxsi (-4.18%), Physicswallah (-5.46%), JM Financial (-4.77%).
Sector Performance Summary
Broader Market Performance
Technical Analysis: Key Levels
Nifty 50
- Intraday Low: 23,180.70 (plunge)
- Recovery: Reclaimed 23,400 by close
- Immediate Support: 23,300
- Immediate Resistance: 23,500–23,550
Sensex
- Intraday Low: 73,492.60 (1,070-point plunge)
- Recovery: Pared losses from day’s low
- Support Zone: 73,500
- Resistance: 74,700
What to Watch Next
- RBI Monetary Policy Decision – MPC meeting ongoing, rate decision expected
- US-India Trade Deal – Traders awaiting details of first tranche
- IT Sector Recovery – Watch if tech stocks stabilize after 5.5% crash
- Crude Oil Prices – Rising oil may continue pressure
===================================================================================================================
Markets at Close
3rd June, 2026
Nifty at 23,400, Sensex down 304 pts after a volatile session; IT worst hit
TCS, Tech Mahindra, HCL Technologies, Infosys, and Wipro leading the declines on the Nifty, while gainers were Apollo Hospitals, Max Healthcare, Tata Motors Passenger Vehicles, SBI, and ICICI Bank. Among sectors, IT index shed 5.5%, FMCG, realty slipped 1% each, and Consumer Durables fell 0.8%, while Telecom index rose 2%, PSU Bank index jumped 1.7%, healthcare index was up 0.5% each. Nifty Midcap 100 index shed 0.4% and Nifty Smallcap 100 index down 0.1%.
Rupee at Close
3rd June, 2026
Indian rupee ended 44 paise lower at 95.71 per dollar on Wednesday versus previous close of 95.27.
Source : moneycontrol
FII’s & DII’s Activity on 3rd June, 2026
Net value in crores
| BUY | SELL | |
| DII | 5,740.89 | |
| FII | 5,616.56 |
Bottom Line: The Indian stock market turned negative on Wednesday as a 5.5% IT sector crash erased Tuesday’s gains. TCS fell 8.25%, Tech Mahindra dropped 6.45%, and HCL Tech declined 5.31%. However, the market recovered sharply from intraday lows of 73,492 (Sensex) and 23,180 (Nifty), with PSU banks (+1.7%), healthcare (+0.5%), and telecom (+2%) cushioning the decline. The Nifty held above 23,400, but investors remain cautious ahead of the RBI policy decision.
*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 information and educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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