Market Wrap, 2 June 2026: Benchmark Indices Close In Green

The Nifty 50 and the Sensex ended Tuesday’s trade on a positive note. At the closing bell, the Nifty 50 stood at 23,483.55, up 0.43%, while the Sensex stood at 74,649.84, up 0.52%.

Broader markets also closed in green with the Nifty Midcap 100 and the Nifty Smallcap 100 ending the day 0.19% and 0.40% higher, respectively. Among sectoral indices, the Nifty IT led with 4.23% gains.

The Nifty Realty, Nifty Metal and Nifty Consumer Durables also ended the day on a positive note. However, Nifty Pharma and Nifty Healthcare underperformed in today’s trade.

What Moved Markets Today?

Analysts pointed towards rising crude oil prices and the prolonged US-Iran standoff as the major catalysts dragging down markets in today's early trade. They felt this made investors cautious despite robust domestic macro fundamentals.

However, firmness in IT stocks following the launch of plug-ins for the Claude Cowork agent supported benchmarks and wiped out the early losses.

Other Major Headlines

Here are some other news items that made headlines today:

• Transrail Lighting bagged new orders worth ₹575 crore in the transmission and distribution, civil construction and pole business.

• Gujarat Mineral Development Corporation Ltd is all set to develop India's maiden AI-powered rare earth supply chain in partnership with the University of Cambridge.

• The Reserve Bank of India (RBI) has launched a couple of annual statistical surveys for the 2025-26 cycle, directed towards strengthening the country's sector data compilation.

• Vedanta shares fell over 1% in intraday trade after reports emerged that the Enforcement Directorate conducted search operations across the company’s offices in Mumbai and Delhi.

• Infosys, Mphasis, LTIMindtree, HCL Technologies, Coforge, Tech Mahindra, Persistent Systems and Wipro shares jumped in the range of 2% to over 4% in early trade, which pushed the Nifty IT.

Also Read - RBI Data Shows 64% Of Bank Credit Below 9% As Margin Pressure Builds For Lenders

Gold And Silver Watch

Gold and silver rates rose in early morning deals on the Multi-Commodity Exchange of India (MCX) on the heels of a weaker dollar and crude oil prices.

At 15:42, Gold June futures on the MCX stood at ₹1,55,729 per 10 grams, up 0.96%. July silver futures during the same time stood at ₹2,69,811 per kg, up 1.37%.

Market participants are likely to continue tracking geopolitical developments, particularly the fragile situation in the Middle East. Crude oil trends and foreign fund flows are also likely to shape markets in the coming days.

Sources:

Moneycontrol

The Economic Times

The Hindu Businessline