Share Market Today: Sensex, Nifty End Flat in Rangebound Trade Ahead of RBI Policy Decision

Indian Stock Market Today | Indian equity benchmarks finished a rangebound session virtually unchanged on Thursday, June 4, 2026.

Investors maintained a conservative stance, avoiding large directional bets ahead of the Reserve Bank of India's (RBI) critical monetary policy decision.

While mild support from private banking heavyweights and cooling global crude oil prices kept the indices floating in green, the upside remained capped by ongoing geopolitical developments.

At the Closing Bell:

• BSE Sensex: Climbed 14 points to close at 74,360
• Nifty 50: Rose 11 points to settle at 23,417
• Nifty Bank: Jumped 122 points to finish at 54,308

Key Market Drivers

1. US-Iran War Updates

On the geopolitical front, the U.S. House of Representatives approved a resolution aiming to restrain direct military action against Iran.

While the move faces a tough Senate path and a likely presidential veto, it temporarily slowed the risk of an aggressive near-term escalation.

2. Crude Oil Prices Ease

International crude benchmarks fell back, with Brent Crude slipping toward $97 per barrel and US WTI trading near $95.

The softening was fuelled by a newly reached ceasefire agreement between Israel and Lebanon, raising hopes for a wider de-escalation that could unblock the Strait of Hormuz.

3. Pre-RBI Policy Caution

Market participants maintained a guarded approach ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee decision scheduled for June 3–5.

While interest rates are widely expected to remain on hold, the street fears a hawkish stance on inflation due to volatile energy costs.

4. Banks & Broader Markets Support

Banking heavyweights like HDFC Bank and ICICI Bank extended gains, protecting the benchmarks from slipping into the red.

Concurrently, broader indices outperformed, with both the Nifty Midcap 100 and Nifty Smallcap 100 advancing 0.5%.

Market breadth stayed favourable for advances, with NSE Advance:Decline Ratio at 3:2.

Nifty Today & Major Indices Overview

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 123.15 points lower at 23,282.45, reached a high of 23,465.30 and closed at 23,416.55.

• Immediate Support: 23,400
• Immediate Resistance: 23,500

BANK NIFTY: Opened 267.10 points lower at 53,918.85, reached a high of 54,461 and closed at 54,307.85.

• Immediate Support: 54,200
• Immediate Resistance: 54,500

Top Trending Stocks Today

• Physicswallah: Stock surged over 15% after the company shifted its lending strategy towards regulated NBFC partnerships to reduce credit and balance sheet risks.
• Ideaforge: Stock hit the 5% upper circuit after announcing plans to raise up to ₹500 crore via QIP and preferential issue.
• JBM Auto: Stock jumped 3.5% after retaining FY26 leadership in electric bus registrations and securing a 49% market share in May 2026.

World Markets, Crude & Gold Prices

• Global Equities: European markets traded mixed while Asian markets ended lower as rising Middle East uncertainty weighed on investor sentiment.
• Crude Oil: Oil prices eased slightly on Thursday, with Brent Crude falling below $97/barrel.
• Gold Prices: The yellow metal edged higher as hopes of a resolution to the Middle East conflict pushed the dollar and oil prices lower, easing concerns around inflation and interest rate hikes.

Turn Market Insights into Action

Discover stocks, analyze opportunities and trade securely in your own broker account with Liquide. Get expert trade setups from our research desk along with real-time market tracking and commentary.

You can also get instant stock insights and answers to your queries using LiMo, our AI-powered stock assistant.

Download the Liquide App now from the Google Play Store and Apple App Store.

This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as

i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or

ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or

iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and/or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.