Pre-Market 4 June 2026: Sensex Ends Lower For Fifth Time In Six Sessions; GIFT Nifty Weak Ahead Of RBI Policy Decision

Indian markets head into Thursday's session after another volatile day on Dalal Street. The Sensex slipped to 74,346.17 on Wednesday, down 304.72 points. The Nifty 50 ended the session at 23,406.15, lower by 77.70 points.

What Happened In Wednesday's Session?

The Sensex had fallen more than 1,000 points during the session before trimming losses and closing nearly 850 points above its intraday low. Nifty also rebounded from a low of 23,151 to finish above the 23,400 mark.

The benchmark indices have now declined in five of the last six trading sessions. The broader market trend was mixed. The Nifty Midcap 100 index slipped 0.40%, while the Nifty Smallcap 100 index declined 0.16%.

The US-Iran negotiations remained in focus, with the absence of a meaningful breakthrough keeping traders on the sidelines. Fresh reports of missile and drone attacks in the Gulf region added to uncertainty, while markets also remained on edge ahead of the RBI's monetary policy outcome.

Global Cues After Market Hours

Wall Street opened lower on Wednesday as renewed tensions in the Middle East weighed on sentiment.

On 3 June, the Dow Jones Industrial Average fell 620.72 points, or 1.21%, to 50,687.07. The S&P 500 lost 56.10 points to close at 7,553.68. Nasdaq Composite slipped 239.93 points to 26,853.98.

European equities closed weaker, with the FTSE 100 easing to 10,332.30 and the CAC 40 ending at 8,150.42.

In Asian markets, Japan's Nikkei 225 Index fell 1,321.26 points, or 1.93%, to 67,080.87. Hong Kong's Hang Seng Index dropped 280.30 points, or 1.09%, to 25,352.91.

GIFT Nifty Update

GIFT Nifty traded at 23,398.00, down 101 points or 0.43%, as of 3 June 2026, 20:06 IST. The trend pointed to a weak opening for domestic equities ahead of the RBI policy announcement.

Key Levels To Watch

Nifty continues to trade close to an important support zone despite Wednesday's recovery from lower levels.

• Immediate support is placed in the 23,200-23,000 zone

• On the upside, the 23,750-23,800 range could act as a key resistance zone

• The resistance area also aligns with the current week's high and the 20-day EMA

Also Read - Market Midday 3 June: Sensex Drops, Nifty 50 Slides On Escalating US-Iran Tensions

What Should Investors Expect Today?

The RBI policy decision is likely to remain the key trigger for markets on Thursday.

GIFT Nifty signals a subdued start, while global cues remain mixed after weakness in US and European markets.

Investors are also expected to track the rupee, foreign institutional investor activity and any fresh developments related to the US-Iran negotiations through the session.

Sources:

Mint

Reuters