1 June 2026: Benchmarks Trade Lower In Mid Trade

Indian equity benchmarks traded in positive territory on Monday, supported by gains in information technology, metal and pharmaceutical stocks, even as weakness in select heavyweight counters capped the upside. However, they lost some ground as the day progressed.

At 12:29 pm, the Sensex was down 0.11% while the Nifty 50 was down 0.13%. The move came as investors tracked sector-specific buying while also keeping an eye on global developments, including comments from US President Donald Trump on negotiations with Iran.

IT, Media Stocks Lead Sectoral Gains

Among sectoral indices, Nifty IT and Nifty Media traded higher. At 12:31 pm, the Nifty IT and Nifty Media were up 3.92% and 1.95%, respectively.

Technology shares remained among the key contributors to market gains. Metal and pharma stocks also saw buying interest during the session. In contrast, Nifty FMCG, Nifty Auto and Nifty Healthcare lagged the broader market. The underperformance in these sectors limited gains in the frontline indices.

Stock-Specific Action

• InterGlobe Aviation shares jumped as much as 5% in early trade on the National Stock Exchange (NSE), despite the company reporting a net loss of ₹2,536 crore for Q4 FY26.

• Inox Wind shares crashed 8% in early trade after the company reported a 45% year-on-year (YoY) decline in consolidated net profit for Q4 FY26.

• Suzlon Energy shares fell over 2% in intraday trade on the Bombay Stock Exchange (BSE) after the Securities and Exchange Board of India (SEBI) slapped penalties on the company for misrepresenting financial statements.

• Reliance Industries shares jumped over 1% in early trade post reports of the company partnering with NLC India Ltd for the exploration of an underground gasification project in Gujarat.

• Indian Renewable Energy Development Agency (IREDA) shares tumbled more than 4% in early trade after the company posted a 2% YoY decline in Q4 FY26 results.

• Textile companies’ shares saw a rally of up to 6% in early trade after the Ministry of Finance suspended import duty on cotton from 1 June to 31 October. Arvind, Vardhman Textiles, Nitin Spinners, Himatsingka Seide and Gokaldas Exports stocks saw major gains.

IPOs To Watch Out For

The primary markets are in action with the:

• Merritronix's initial public offering (IPO) opened for subscription today. The IPO comprises a fresh issue worth ₹70.03 crore.

• Aureate Tradde IPO entered the second day of subscription. Through the IPO, the company plans to raise ₹27.29 crore.

Also Read - PB Fintech Founders Offload ₹665 Crore Worth Of Shares, Shares Dip 1.91%

Afternoon Trade Outlook

Markets are likely to remain range-bound in the afternoon session as investors assess sector-specific moves and global cues. Continued strength in IT, metal and pharma stocks could help benchmarks close flat, while weakness in FMCG and auto shares may keep advances in check.

Traders are also likely to watch for any fresh developments on the geopolitical front and institutional activity through the day.

Sources:

Business Standard

The Economic Times

Livemint