Pre-Market 5 June 2026: GIFT Nifty Rises 93 Points Ahead Of RBI Policy Outcome; Sensex, Nifty End Flat

Indian markets are set to open on Friday with the RBI's policy decision taking centre stage.

On Thursday, the Sensex ended at 74,360, up 14 points, while the Nifty 50 closed 11 points higher at 23,417. GIFT Nifty climbed 93 points after market hours, indicating a positive start to the day's trade.

What Happened In Thursday's Session?

Dalal Street spent most of Thursday moving within a narrow range as traders avoided aggressive bets ahead of the RBI's monetary policy outcome.

Broader markets delivered a stronger performance. The Nifty Midcap 100 index gained 0.46%, while the Nifty Smallcap 100 index rose 0.49%.

Weak global cues and caution ahead of the Monetary Policy Committee announcement kept activity subdued through the session.

Global Cues After Market Hours

Wall Street traded mixed as investors assessed the latest developments surrounding the conflict between the United States and Iran.

On 4 June 2026, the S&P 500 was up by 30.63 points, or 0.41%, at 7,584.31. The Nasdaq Composite fell 23.02 points, or 0.09%, to 26,830.96.

European markets, however, traded higher. France's CAC 40 climbed 93.87 points, or 1.15%, to 8,244.29, while London's FTSE 100 added 28.02 points, or 0.27%, to 10,360.32.

Asian markets ended lower. Japan's Nikkei 225 Index dropped 788.39 points, or 1.17%, to 66,682.30. Hong Kong's Hang Seng Index lost 131.45 points, or 0.52%, to close at 25,121.95.

GIFT Nifty Update

GIFT Nifty was at 23,573, up 93 points, or 0.40%, at 8:57 PM IST on 4 June 2026. The uptick points to a higher opening for Dalal Street after Thursday's largely range-bound session.

Key Levels To Watch

Nifty ended Thursday above 23,400 but is yet to move past the 23,500 mark, a level traders have been watching closely.

• Immediate support is placed at 23,370

• A decisive break below this level could open the door towards 23,200

• On the upside, 23,500 remains the key hurdle

• A sustained move above 23,500 may push the index towards 23,700

Analysts say the near-term bias could remain uncertain as long as Nifty stays below the 23,500 mark.

Also Read - Market Wrap, 4 June 2026

What Should Investors Expect Today?

The RBI's policy verdict is due today, making it one of the busiest sessions of the week for Dalal Street. GIFT Nifty traded in the green after Thursday's close, pointing to gains at the open.

Attention will then shift to the central bank's commentary and overnight developments overseas.

Sources:

Reuters

Mint