Share Market Today: Nifty, Sensex Snap 4-Day Losing Streak

Indian Stock Market Today | Indian equity benchmarks snapped a four-day losing streak to close higher in a volatile session on Tuesday, June 2, 2026.

Headline indices opened on a weak note and remained rangebound during the morning hours due to monsoon anxieties and caution ahead of the RBI monetary policy meeting.

However, strong afternoon buying interest triggered a sharp recovery from intraday lows, helping the Nifty 50 finish comfortably above the 23,450 mark with a healthy 3:2 advance-decline ratio.

At the Closing Bell:

• BSE Sensex: Jumped 382.50 points to close at 74,649.84
• Nifty 50: Rose 100.95 points to settle at 23,483.55
• Nifty Bank: Advanced 71.55 points to finish at 53,714.65

Why did the Markets Rise Today?

1. Trump Revives Hopes of US-Iran Peace Deal

Geopolitical anxieties eased after President Donald Trump posted on social media that US-Iran negotiations were still ongoing.

In an interview with ABC News, Trump stated he expects a deal to extend the ceasefire and reopen the blockaded Strait of Hormuz "over the next week," reversing a more combative stance from earlier on Monday.

2. Crude Oil Prices Cool Down

International oil prices fell over 1.5%, reversing the previous session's sharp gains. Brent crude dropped to $93.45 per barrel while WTI cooled to $90.74.

A sharp and sustained decline in crude oil prices could ease pressure on India’s fiscal position, lower inflation risks and improve the scope for monetary easing.

3. IT Stocks Lead the Rally

The Nifty IT index surged 4.2% during the session, bringing its cumulative gains over the past three trading days to 7.6%.

Technology shares heavily outperformed the broader market, acting as the primary engine for the afternoon rebound.

Nifty Today & Major Indices Overview

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 153.45 points lower at 23,229.15, reached a high of 23,556.95 and closed at 23,483.55.

The index formed a long bullish candle with above-average volumes, indicating buying interest at lower levels.

• Immediate Support: 23,420
• Immediate Resistance: 23,560

BANK NIFTY: Opened 378 points lower at 53,265.10, reached a high of 53,933.55 and closed at 53,714.65.

• Immediate Support: 53,590
• Immediate Resistance: 53,950

Top Trending Stocks Today

• Infosys: Stock rose nearly 6% after the IT major launched an AI-powered journalism tool in partnership with Germany’s Handelsblatt Media Group.
• Olectra Greentech: Stock rose over 4%, extending its previous-session rally, after the EV maker posted a 164% YoY jump in Q4 profit to ₹55.5 crore, while revenue grew 44% YoY to ₹644.7 crore.
• Force Motors: Stock fell over 5% after a weak business update, with total sales declining 15% to 2,614 units in May and domestic sales falling 15% YoY to 2,560 units.

Also Read: IndiGo Q4 Results 2026: Shares Rise Despite Huge Net Loss

World Markets, Crude & Gold Prices

• Global Equities: Asian and European markets traded higher, supported by renewed AI optimism after Anthropic moved closer to a potential U.S. stock market listing.
• Crude Oil: Oil prices slipped on Tuesday, with Brent crude futures down 1.5% to $93.45/bbl.
• Gold Prices: The yellow metal rose more than 1%, supported by lower U.S. Treasury yields. Softer oil prices eased fears of higher inflation and elevated interest rates.

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