Stock Market Live Updates Today: BSE Sensex opens over 200 points up, Nifty50 above 23,450 ahead of RBI monetary policy

“The dollar index firmed up around 99.40 levels today, after US & Iran peace negotiations stalled. In the energy market, Brent crude prices moved up and stood at USD 95.74 pbl, at the time of writing. Heading into the day, the US NFP report, the RBI’s rate decision and India’s Q4 GDP print are likely to be on the market’s radar.

In the US, labour market reports released earlier this week (JOLTS, ADP employment) indicated strong job market conditions. A higher-than-expected NFP print (consensus expectation-85,000) is likely to reinforce this assessment and further support rate hike expectations by the US Fed. At present, the market expects the Fed to hike rates once in 2026.

On the domestic front, the RBI is expected to leave the policy rate unchanged at its meeting today. Therefore, the focus is likely to be on the macro-outlook and forward guidance. Besides, the market is also expecting the central bank and the Government to announce rupee-supportive measures. The USD/INR could possibly gain if any support measures are announced. On the data front, Q4 GDP is expected at 7.3% YoY,” says HDFC Bank’s Treasury Research Desk.

"There are some mild positive indications for the market today. There are signs of weakness in the AI trade in the US, South Korea and Taiwan and rotation away from tech stocks, but it is too early to say whether this will sustain. The focus of the market today will be on the monetary policy and the message from the RBI Governor. The MPC is likely to hold rates with a guidance of a rate hike later in the year to combat inflation which is expected to rise in H2 FY27. RBI is likely to revise the GDP growth for FY 27 downward and CPI inflation upward in the context of the energy shock and its implications.

The most likely policy action is a ‘hawkish hold’, that is, the RBI would hold the rates without any change but would send a hawkish message that inflation is set to rise and, therefore, expect rate hike later this year. If the RBI decides to act now with a 25bp rate hike, that will move the banking stocks sharply upwards since they would benefit from rate hikes. However, a rate hike would be negative for interest elastic segments like automobiles and real estate,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Stock market today: Nifty50 and BSE Sensex opened on a positive note on Friday ahead of the RBI policy. At 9:16 AM, Nifty50 was trading at 23,472.05, up 56 points or 0.24%. BSE Sensex was at 74,599.88, up 240 points or 0.32%.

Asian equity markets came under pressure on Friday as investors booked profits in technology shares and adopted a more cautious stance heading into the weekend. Sentiment remained fragile amid escalating tensions in the Middle East and uncertainty surrounding stalled peace negotiations between the US and Iran.

Concerns over the regional conflict intensified after the Iran-backed Hezbollah group rejected a fresh ceasefire proposal in Lebanon on Thursday. At the same time, Israel reiterated that it would not withdraw its forces from the country, dealing a setback to President Donald Trump's efforts to end the fighting and advance a diplomatic agreement with Tehran.

The weakness in markets was compounded by fading enthusiasm around artificial intelligence-linked stocks. A rally that had lifted equities earlier in the week lost momentum after semiconductor company Broadcom reported results that fell short of investor expectations.

Against this backdrop, MSCI's broad Asia-Pacific index excluding Japan dropped 1.6% in early trading. South Korea's technology-heavy Kospi tumbled more than 6%, while Japan's Nikkei declined 1.3%.

Charu Chanana, Chief Investment Strategist at Saxo, said market sentiment had clearly shifted towards risk aversion.

She noted that South Korea had been among the biggest beneficiaries of the artificial intelligence-driven memory chip boom. As a result, Broadcom's disappointing update on AI-related demand prompted investors to rapidly reduce exposure across the broader semiconductor sector.

"Indian equity markets are expected to open on a flat to mildly positive note, with Gift Nifty trading around 23,550, up by 12 points, indicating steady opening cues for domestic indices. Global sentiment remains mixed as investors assess recent economic data and trade-related developments, while stability in crude oil prices and easing geopolitical concerns continue to support overall market confidence.

Nifty ended on a marginally positive note on 04th June 2026, closing at 23,416.55, up 10.95 points or 0.05%, supported by buying interest from lower levels. The index opened with a gap-down at 23,282.45 and slipped to an intraday low of 23,247.30 before recovering steadily to touch an intraday high of 23,465.30. Technically, the formation of a bullish candlestick pattern reflects accumulation at lower levels and improving market sentiment. The RSI stood at 41.72, while India VIX declined to 15.88, indicating easing volatility. Immediate support is placed around the 23,300–23,350 zone, while resistance is seen near the 23,700–23,750 range.

Bank Nifty ended on a positive note on 04th June 2026, closing at 54,307.85, up 121.90 points or 0.22%, supported by sustained buying interest from lower levels. The index opened with a gap-down at 53,918.85 and touched an intraday low of 53,829.40 before recovering strongly to an intraday high of 54,461.00. Technically, the formation of a bullish candlestick pattern and the close near the day’s high indicate improving sentiment and continued strength in the banking space. The RSI improved to 48.57, reflecting gradual strengthening in momentum. Immediate support is placed around the 53,500–53,700 zone, while resistance is seen near the 54,800–55,000 range.

Foreign Institutional Investors (FIIs) remained net sellers for the seventh consecutive trading session on 04th June 2026, offloading equities worth ₹4,447 crore, reflecting continued caution among overseas investors. In contrast, Domestic Institutional Investors (DIIs) extended their buying streak to the thirteenth consecutive session, purchasing equities worth ₹4,360 crore and continuing to provide strong support to the broader market despite persistent foreign outflows.
The market continues to display underlying strength as buyers have consistently emerged on declines, helping benchmark indices recover from intraday weakness. Supportive domestic institutional flows and easing volatility are contributing to a more stable trading environment. However, the indices are approaching important resistance zones, and a decisive breakout above these levels will be necessary to extend the recovery and strengthen the near-term market outlook,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.

Index in the daily chart formed a third consecutive bullish candle with a higher high and a higher low highlighting continuation of the pullback from the key support area amid stock specific action.

Index is likely to extend consolidation in the range of 52,500-55,500 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 55,000-55,500 levels being the confluence of current week high and 50 days EMA.

Indian equities are likely to remain range-bound in the near term amid a mix of domestic and global developments. Investors will closely monitor the outcome of the RBI’s Monetary Policy Committee meeting 10am on Friday, which is expected to provide important cues on the interest rate, inflation outlook, economic growth and currency stability. On the global front, market participants will continue to track developments surrounding the US-Iran negotiations, as any progress toward a settlement could ease concerns over crude oil supply disruption. Meanwhile, persistent Foreign Institutional Investor selling remains a key overhang.

On Thursday, markets traded in positive territory after witnessing volatility in the previous sessions. Sentiment improved following news reports that the Government plans provide tax benefits to foreign portfolio investments under government securities, a move aimed at attracting foreign capital inflows and supporting the rupee. The recovery was further aided by easing global concerns and a moderation in crude oil prices. The Nifty closed flat at 24,416, while the Midcap and Smallcap indices gained 0.5% each. Sectorally, barring Metals, IT and Cement, all sectors ended in the green. Consumer Durables emerged as the top-performing sector, advancing 2.2%. Meanwhile, the defence sector is expected to remain in focus after reports suggested that the armed forces are planning military drone procurements worth over ₹20,000 crore from domestic manufacturers.

India and Venezuela strengthened bilateral engagement after Prime Minister Narendra Modi met Venezuela's Acting President Delcy Rodríguez to discuss cooperation across energy, trade and investment. The development comes as India ramps up crude oil imports from Venezuela, which recently recorded its highest oil exports in seven years, with India emerging as one of the largest buyers. The growing engagement is expected to support India's efforts to diversify energy supplies and enhance long-term energy security. Looking ahead, investors will closely monitor the outcome of the RBI’s Monetary Policy Committee meeting on Friday, developments in West Asia, energy price movements and foreign institutional investor flows are likely to remain key drivers of market sentiment in the near term, says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Foreign portfolio investors continued to trim their holdings in financial services stocks during the latter half of May, although the intensity of the selling eased considerably compared with earlier in the month.

According to NSDL data, FPIs sold financial-sector shares worth Rs 5,181 crore during the second half of May, a marked improvement from the nearly Rs 17,000 crore worth of shares they offloaded in the first half. The sector had already witnessed substantial foreign outflows between January and March, when investors withdrew more than Rs 60,000 crore.

U R Bhat, Co-founder and Director at Alphaniti, said banking stocks provided overseas investors with a convenient route to reduce their India exposure because of their high liquidity. He noted that despite the persistent selling by foreign investors, the sector has remained relatively resilient, with only a few isolated exceptions. According to him, investors are now increasingly shifting their focus towards cutting exposure in other segments of the market.

Over the past month, the Bank Nifty declined around 1%, outperforming the broader market benchmark, with the Nifty 50 registering a steeper fall of 2.9% during the same period.

Oil prices were largely steady on Friday after posting significant losses in the previous session, as hopes for a swift resolution to the conflict involving Iran and the US-backed Israeli side weakened. Sentiment was affected after Hezbollah rejected a fresh ceasefire proposal in Lebanon, reducing expectations of an imminent end to the hostilities.

Brent crude futures slipped by 21 cents, or 0.22%, to $95.24 a barrel as of 0003 GMT. The benchmark had already declined 2.84% in Thursday's session.
Meanwhile, US West Texas Intermediate (WTI) crude traded at $92.94 per barrel, down 10 cents, or 0.11%. This followed a sharp 3.1% drop recorded in the previous trading session.

Nifty for the third session in a row after a gap down opening recovered during the session to close above the 23,400 levels. The index in the daily chart formed a bullish candlestick pattern which mostly remained contained inside previous session price range signaling consolidation. while stock specific action from midcap and small cap space remains key highlight of the session.

Buying demand emerged on Thursday session again from the key support area of 23,200-23,000.

Going ahead, index is likely to extend consolidation in the range of 23,000-23,550. Only a move above Tuesday high 23,556 will open upside towards the resistance area of 23,750-23,800 levels in the coming sessions being the confluence of the current week high and 20 days EMA.

Nifty has key support in the range 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).