Stock Market Live Updates Today: BSE Sensex closes over 300 points down, Nifty50 above 23,400 on mixed global cues

Nifty Today Live: Nifty fails to reclaim 20 EMA

"The index recovered smartly during the day but failed to reclaim the 20 EMA on the hourly chart, keeping the possibility of another decline alive. A lower-top, lower-bottom formation is visible on the hourly timeframe, indicating a bearish trend in the recent price structure. On the other hand, a positive divergence is visible on the hourly RSI, suggesting some improvement in momentum. However, the short-term trend remains weak, with the potential for the index to move towards 23,000 if it falls below 23,300. On the higher side, 23,600 is likely to act as a crucial resistance level, says Rupak De, Senior Technical Analyst at LKP Securities.

Sensex Today Live: BSE Sensex, Nifty50 end in red

Stock market today: After crashing in morning trade, the Indian equity benchmarks recovered partially to close in red. Nifty50 ended the day at 23,405.60, down 78 points or 0.33%. BSE Sensex closed at 74,346.17, down 304 points or 0.41%.

Sensex Today Live: Stock market partially recovers day's losses

Stock market today: Nifty50 and BSE Sensex pared losses in afternoon trade on Wednesday, recovering from the day’s low. At 2:30 PM, Nifty50 was trading at 23,411.40, down 72 points or 0.31%. BSE Sensex was at 74,348.89, down 301 points or 0.40%.

Sensex Today Live: SBI Securities Mid-Market Index View

Indian equity markets remain under pressure, with the Nifty extending its decline after a gap-down opening and currently trading near the day's low, reflecting persistent selling across the board.

The IT sector, which had relatively outperformed over the previous two trading sessions, has come under sharp selling pressure today. Heavyweight IT stocks have witnessed significant selling, with TCS emerging as the top laggard among Nifty constituents, declining 8.36%.

From a technical perspective, the zone of 23,160–23,180 is expected to act as an immediate support for the Nifty, while resistance is placed in the 23,410–23,430 range.

A decisive break below 23,160 could intensify the selling pressure and drag the index towards the next support zone of 22,940–22,960.

Conversely, a sustained move above 23,430 may trigger a recovery rally, paving the way for an upside extension towards 23,630.

On the derivatives front, meaningful call writing has been observed at the 23,300 and 23,400 strikes, indicating resistance at higher levels. On the put side, the 23,000 strike holds the highest open interest, followed by the 22,800 strike, suggesting strong support in that zone.

Market breadth remains weak, with the Nifty Advance-Decline Ratio standing at 10:40, highlighting the broad-based nature of the ongoing sell-off.

For the Sensex, immediate support is placed near 73,200, while resistance is seen around 74,500.

Sensex Today Live: IT stocks tank after rallying over last few sessions

IT stocks witnessed sharp selling on Wednesday, with major sector players including Infosys, Tata Consultancy Services (TCS), HCL Technologies, Wipro and Tech Mahindra declining by as much as 7%. The pullback came after a strong rally that had lifted the Nifty IT index by more than 6% over the previous three trading sessions.

Among the major losers, TCS, the country's largest IT services exporter, dropped 7% to Rs 2,280 on the BSE. Infosys fell 4% to Rs 1,222 per share, while Wipro slipped 2% to Rs 206. HCL Technologies lost 3.5% to trade at Rs 1,201, and Tech Mahindra declined 5% to Rs 1,496 apiece.

The recent recovery in technology stocks had followed a steep selloff earlier in the year, when concerns emerged that rapid advances in artificial intelligence could significantly alter the traditional software services business model. Investor sentiment weakened after AI startup Anthropic introduced plug-ins for its Claude Cowork agent, a tool designed to automate a range of functions spanning legal work, sales, marketing and data analytics.

Even so, the broader outlook for the sector remains positive in the eyes of several market participants. Despite concerns around AI-driven disruption, many brokerage firms continue to maintain a constructive long-term view on the information technology industry and its growth prospects.

Nifty Today Live: Nifty Outlook

Lower bollinger band support helped prices swing higher from the opening low yesterday, while the gains were limited to the 23500, on expected lines. If the dips are contained in the 23400-380 region today, a renewed push towards 23700 could be seen. Inability to do so should expose 23126-22800 again, says Anand James, Chief Market Strategist, Geojit Investments Limited.

Sensex Today Live: Sustained FPI outflow is a strong headwind

"The mild escalation in the West Asia conflict has again pushed up Brent crude price to close to $97 indicating no respite to India from the energy shock. Rupee has edged down to 95.26 to the dollar. The sustained fall in the rupee has been arrested for now but the rising current account deficit and sustained FPI outflows are areas of concern. The RBI commentary and actions on June 5th will be keenly watched by the market.

Meanwhile, the bull run in semiconductor giants South Korea and Taiwan continues unabated. The giant companies like Samsung, SK Hynix and TSMC, who have huge pricing power, are expected to post hugely impressive profit numbers this year and perhaps next year. It is a fact that the bull run in these markets and in US and Japan are driven by expectations of high earnings growth.

In contrast, in India earnings growth in FY 27 will be modest weighed down by lower growth and higher inflation. All these factors have impacted sentiments in the market. The saving grace is the confidence shown by the retail investors who continue to invest money despite the headwinds. 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,” says VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Sensex Today Live: Sensex tanks in morning trade

Stock market today: Nifty50 and BSE Sensex tanked in morning trade on Wednesday. At 10:01 AM, Nifty50 was trading at 23,254.55, down 229 points or 0.98%. BSE Sensex was at 73,813.36, down 836 points or 1.12%.

Stock market today live: Dalal Street trades in red; Sensex falls over 800 points, Nifty50 tanks below 23,300

Stock market began the day on a weak note with both benchmarks declining by almost 1%. BSE Sensex was trading at 73,840.72, down 809.12 points or 1.08 around 9:40 am. NSE Nifty50 trimmed 23,265.95, down 216.90 points or 0.92%.

Sensex Today Live: Stock market opens in red

Stock market today: Nifty50 and BSE Sensex opened in red on Wednesday as fresh US-Iran tensions drove global crude oil prices up. At 9:16 AM, Nifty50 was trading at 23,317.60, down 166 points or 0.71%. BSE Sensex was at 74,104.62, down 545 points or 0.73%.

Sensex Today Live: Markets likely to open flat

"Indian equity markets are expected to open on a flat to mildly negative note, with Gift Nifty trading around 23,477, down by 15 points, indicating subdued opening cues for domestic indices. Global markets remained broadly positive on the back of resilient economic data and easing concerns over major geopolitical developments, though investors are likely to remain watchful of global trade-related developments and commodity price movements, which may influence near-term market sentiment.

Nifty ended on a positive note on 02nd June 2026, closing at 23,483.55, up 100.95 points or 0.43%, supported by strong buying interest from lower levels. After opening with a sharp gap-down at 23,229.15, the index recovered steadily throughout the session and touched an intraday high of 23,556.95. Technically, the formation of a strong bullish candlestick pattern indicates renewed buying momentum and improved sentiment. The RSI improved to 42.95, while India VIX declined to 15.35, reflecting easing volatility. Immediate support is placed around the 23,250–23,300 zone, while resistance is seen near the 23,700–23,750 range.

Bank Nifty ended on a marginally positive note on 02nd June 2026, closing at 53,714.65, up 71.55 points or 0.13%, supported by strong recovery from lower levels. The index opened with a sharp gap-down at 53,265.10 and slipped to an intraday low of 53,121.85 before witnessing sustained buying interest, which pushed it to an intraday high of 53,933.55. Technically, the formation of a bullish candlestick pattern reflects improving short-term sentiment and buying support at lower levels. The RSI improved to 43.62, indicating gradual strengthening in momentum. Immediate support is placed around the 53,000–53,200 zone, while resistance is seen near the 54,300–54,500 range.

Foreign Institutional Investors (FIIs) remained net sellers for the fifth consecutive trading session on 02nd June 2026, offloading equities worth ₹8,362 crore, reflecting continued caution among overseas investors. However, Domestic Institutional Investors (DIIs) extended their buying streak and remained strong net buyers, purchasing equities worth ₹9,589 crore, which helped absorb foreign selling pressure and provided support to the broader market.
The market has shown resilience by absorbing early weakness and attracting buyers at lower levels, indicating that downside pressure is currently being met with demand. Improving participation across sectors and easing volatility have helped stabilize sentiment. While the recovery is encouraging, the sustainability of the upmove will depend on the indices' ability to overcome nearby resistance levels and maintain strength above key support zones in the coming sessions,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.

FPIs Continue Selling Spree in Indian Equities in 2026

Nifty Today Live: Bajaj Broking Bank Nifty Outlook

Index in the daily chart formed a bullish candle with a lower high and a lower low highlighting consolidation amid stock specific action. The index in the process snapped its four-session decline. Index is likely to extend consolidation in the range of 52,500-54,600 only a breakout or breakdown will signal directional moment in the index.

Index has key support placed at 52,700-52,500 being the confluence of the lower band of the 8th April bullish gap area and the 61.8% retracement of the previous pullback (49955-57456). On the higher side resistance is placed at 54,600-55,000 levels being the confluence of current week high and 20 days EMA.

Sensex Today Live: IT stocks rally strongly; Nifty IT sees best run in a year

Indian technology stocks extended their upward momentum for a third consecutive session on Tuesday, helping the Nifty IT index register its strongest single-day advance in a year. Market experts noted that the sector's technical setup continues to look favourable, indicating that the rally may have further room to run.

The Nifty IT index climbed 4.2% to close at 31,116.6, marking its best daily performance since May 2025. Over the last three trading sessions, the index has gained 7.6%, significantly outperforming the broader market, with the Nifty 50 declining 1.8% during the same period. Tata Consultancy Services emerged as the biggest winner on Tuesday, surging 6.7%, while Infosys, HCL Technologies and LTIMindtree posted gains ranging between 4% and 6%.

According to Kunal Bajaj, Research Analyst at Choice Institutional Equities, optimism surrounding global software companies and growing evidence that artificial intelligence is expanding technology spending rather than disrupting established IT service providers have contributed to the sector's recent strength.

He added that a weaker rupee, healthy deal pipelines and an improving outlook for discretionary technology spending are also providing support to IT stocks.
Technical indicators are reinforcing the positive sentiment. Ruchit Jain, Vice President at Motilal Oswal Financial Services, said the Nifty IT index has formed a bullish hammer pattern on the monthly chart, a signal often associated with a potential trend reversal. He noted that recent price action suggests a combination of short-covering in stocks such as TCS and HCL Technologies, alongside fresh buying interest in Infosys and Coforge over the past few sessions.

Despite the recent rebound, the sector has lagged the broader market this year. The Nifty IT index remains down 17.9% in 2026, compared with a 10.1% decline in the Nifty 50.

Jain believes the index could extend its recovery towards the 32,000–32,100 zone, which corresponds to the highs seen in April. Bajaj, meanwhile, said mid-sized IT firms have historically been better positioned to gain market share during periods of technological change due to their flexibility and adaptability. With valuation premiums moderating, he sees a favourable risk-reward balance in companies such as Coforge, Persistent Systems and Happiest Minds. Among the large-cap IT names, Infosys and Tech Mahindra remain his preferred picks.

Stock Market Live Today: Oil prices rise

Oil prices moved higher in early Wednesday trade, gaining more than 1% as fresh tensions in the Middle East reignited concerns over regional stability and energy supplies. Market sentiment was also influenced by the lack of meaningful progress in ongoing diplomatic efforts between Iran and the United States.
Brent crude advanced $1.05, or 1.09%, to $97.05 a barrel, while US benchmark West Texas Intermediate (WTI) crude rose $1.01, or 1.08%, to $94.77 a barrel.
Both contracts had already ended the previous session at their highest levels in a week.

The latest escalation followed reports that Iran launched ballistic missiles towards Kuwait and Bahrain, although the US military said the missiles did not hit their intended targets. In response to attempted attacks, US forces carried out strikes on Iran's Qeshm Island, according to military officials.

Investors continued to monitor developments surrounding the Iran conflict, with Tehran still assessing a proposed US-backed agreement aimed at ending hostilities. Iranian media reported on Tuesday that there had been no communication between Tehran and Washington for several days. However, US President Donald Trump maintained that negotiations were continuing without interruption.

Daniel Hynes, Senior Commodity Strategist at ANZ Bank, said efforts to restore normal shipping through the Strait of Hormuz could prove difficult, noting that Iran has reportedly laid mines across large sections of the strategically important waterway.

Stock Market Live Today: Broad-range trading expected

Nifty is expected to trade in a broader range in the near term amid ongoing global macro uncertainty and sustained Foreign Institutional Investor outflows. Broader markets may continue to witness stock-specific movement, while investor focus is likely to remain on the RBI monetary policy outcome, keeping rate-sensitive sectors active. IT stocks are also expected to remain in focus following buying interest driven by positive commentary from global AI companies and strength in global technology shares. Indian equities witnessed mild recovery on Tuesday. The Nifty 50 gained 0.4%, while the Midcap and Smallcap indices advanced 0.2% and 0.4% respectively. India VIX eased 3% to 16.03, indicating improving risk appetite and relatively stable near-term sentiment.

IT stocks remained the key market outperformers, with the Nifty IT index rallying nearly 4% as global software stocks extended their AI-driven rebound. Infosys and Tata Consultancy Services gained up to 6% each, supported by positive commentary from global AI companies and strength in Wall Street technology stocks. On the macro front, India’s industrial production grew 4.9% YoY in April 2026 under the revised IIP base year series, reinforcing expectations that domestic economic growth continues to be increasingly driven by manufacturing, infrastructure spending and corporate capex. Stronger capital goods growth trends further indicate that the ongoing capex cycle has remained healthier than previously estimated.

India-US Bilateral Trade Agreement negotiations are underway in New Delhi from June 2–4, with discussions focused on finalising the first phase of the pact covering trade, market access and tariff-related issues. Reports suggest that most key elements have already been finalised, with talks now centred around a few pending items. Investors will also closely track key global macro data releases including EU CPI, US employment data and the US S&P PMI over the next two sessions, says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Nifty Today Live: Bajaj Broking Nifty Outlook

Indian benchmark indices snapped a four-session decline with the Nifty closing around the 23,500 levels up by 0.5% on the Nifty weekly expiry session. Index in the daily chart formed a bullish Marubozu Candlestick Pattern which is a strong bullish candle with a small upper shadow, it has similar open and low signaling buying demand at lower levels from the key support area. Buying demand emerged on Tuesday session from near the key support area of 23,200-23,000 being the confluence of the lower band of the 8th April bullish gap area, lower band of recent consolidation and the 61.8% retracement of the previous pullback (22,182-24,601).

Going ahead in the coming sessions a follow through strength above Tuesday’s high (23556) will open further upside towards the resistance area of 24,750-24,800 levels in the coming sessions. Failure to move above Tuesday’s high will lead to some consolidation in the range of 23,200-23,550. On the higher side 23,700-23,800 is expected to act as resistance being the confluence of the current week high and 20 days EMA. Only a move above 23,800 will open further upside towards 24,100 levels.