Pre-Market 1 June 2026: What To Expect After Sensex Falls To 74,775, Nifty Ends At 23,547

Investors return to the market on Monday after a turbulent end to May. Benchmark indices came under intense selling pressure on Friday, with the Sensex losing 1,092 points and the Nifty 50 dropping 359 points on 29 May.

What Happened In Friday's Session?

Indian equities spent most of Friday moving in a narrow band before witnessing heavy selling in the last leg of trade.

At one stage, the Sensex was down nearly 1,300 points, while the Nifty slipped to an intraday low of 23,485 as traders rushed to book profits ahead of the weekend. Sensex closed at 74,775.74 and Nifty 50 at 23,547.75

Talks between Washington and Tehran stayed in focus through the session. Reuters reported that both countries had agreed to extend the ceasefire and reopen shipping through the Strait of Hormuz, though the proposal was still awaiting a final decision from US President Donald Trump.

Investors also reacted to the IMD's revised monsoon outlook, which raised fresh questions about the pace and spread of seasonal rainfall.

The weakness was not limited to benchmark indices. The BSE 150 Midcap Index declined 1.25%, while the BSE 250 Smallcap Index lost 0.61%.

Global Cues After Market Hours

Global markets were firmer after Indian trading hours.

In the US, major indices closed higher on Friday. The Dow Jones Industrial Average rose 363.49 points, or 0.72%, to 51,032.46. The S&P 500 gained 16.43 points to finish at 7,580.06, while the Nasdaq Composite advanced 55.15 points to 26,672.

Investor attention is now shifting to upcoming US labour market data, which could influence expectations around interest rates and the broader market outlook.

European markets also ended in positive territory as the STOXX 600 index rose 0.14%. Optimism around progress in the Middle East helped sentiment across the region.

In Asia, markets were trading higher. Japan's Nikkei 225 climbed 1,636.38 points, or 2.53%, to 66,329.50, while Hong Kong's Hang Seng Index gained 176.23 points, or 0.70%, to 25,182.39.

GIFT Nifty Update

As of May 30, 2026, at 02:44 IST, GIFT Nifty was down 35.50 points, or 0.15%, at 23,687.00.

The decline suggests a subdued opening for domestic equities on Monday after Friday's sharp correction.

Technical Levels To Watch

Friday's decline pushed Nifty back below several important short-term levels.

• Immediate support is placed in the 23,400-23,350 zone.

• Resistance is likely around 23,750-23,800

Traders will watch whether the Nifty 50 index manages to hold above the 23,050-23,200 level in the coming sessions.

Also Read - Stocks to Watch on 1 June 2026: Olectra Greentech, LIC, & More

What Should Investors Expect Today?

The mood remains cautious after Friday's late-market slide. GIFT Nifty suggests a weak start to Monday's trade.

Investors will track developments around the US-Iran situation, foreign investor activity and currency movements for direction.

Sources:

Mint

The Economic Times