Stock Market Update 2 June 2026: Sensex Falls Over 350 Pts, Nifty 50 Below 23,300

Most Indian stock market indices were trading in the red during early trade on Tuesday, 2 June 2026.

The Sensex was trading down about 383 points (0.52%) at 73,884.06 around 9:18 in the morning. The Nifty 50 also traded lower by around 125 points (0.53%) at 23,258.05.

Notably, on Monday, the indices ended in the negative territory after opening higher. At market close, the Sensex stood at 74,267.34, down 0.68%. The Nifty 50 stood at 23,382.60, down 0.70%.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading in the red during early trade on Tuesday.

At around 9:22 AM, Bank Nifty was down by around 0.67% to trade at 53,284.05. The Nifty Financial Services index was also down by around 1.14% to trade at 24,724.35.

Among the sectoral indices, Nifty Auto (down 0.10%), Nifty FMCG (down 0.40%), Nifty Pharma (down 1.01%), and Nifty PSU Bank (down 0.13%) were all in the red. Nifty IT (up 2.18%) was the only index in the green.

Top Gainers And Losers

After the market opening on Tuesday, the overall breadth was negative. 606 shares were in the green, whereas 944 shares were in the red. 103 shares remained unchanged.

The top gainers on Nifty were Infosys, TCS, Tech Mahindra, HCL Tech, and Hindalco. The top losers were Bajaj Finance, Zomato (Eternal), Bajaj Finserv, Apollo Hospitals, and BEL.

What About The Global Markets?

Global markets gave mixed cues amid uncertainty over the US-Iran peace talks:

• S&P 500 futures were down 0.4% as of 11:50 AM Tokyo time.

• Japan’s Topix was down 1.4%.

• Australia’s S&P/ASX 200 was down 0.5%.

• Hong Kong’s Hang Seng was up 1.3%.

• The Shanghai Composite was little changed.

• Euro Stoxx 50 futures were up 0.3%.

Factors Impacting The Markets

• US-Iran War: The uncertainty in the Middle East is one of the most crucial factors that is causing the current market volatility. There are conflicting signals, with clarity on peace talks and the reopening of the Strait of Hormuz yet to arrive.

• Oil Prices: Global oil prices mostly remained unchanged on Tuesday, retaining most of the previous session’s gains. Crude oil prices continue to hover around $95 per barrel after settling near that level in the previous session.

• Rupee Under Pressure: The Indian national rupee (INR) remains under pressure. After a bit of recovery, the currency opened lower by 0.1% on Tuesday at 95.06 per US dollar. The previous close was at 94.99.

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Investor Takeaway

Indian equity markets may stay volatile in the near term. Rising energy prices and weakness in the rupee are adding pressure. Uncertainty regarding the global geopolitical situation is also having an impact on sentiment. Investors might have to exercise caution and monitor the unfolding of the events very closely.

Sources:

The Economic Times

Moneycontrol