Stock Market Update 3 June 2026: Sensex Falls Over 600 Pts; Nifty 50 Below 23,350

Most Indian stock market indices were trading in the red after market opening on Wednesday, 3 June 2026.

At around 9:18 AM, the Sensex was down by 606 points (0.81%) to trade at 74,043.81. The Nifty 50 was also down by 166 points (0.71%) to trade at 23,317.45.

Notably, both indices ended on a positive note on Tuesday after opening lower. At the market close, the Sensex stood at 74,649.84, up 0.52%. The Nifty 50 stood at 23,483.55, up 0.43%.

How Other Indices Are Performing?

Not just the Sensex and Nifty 50, but most other indices were trading in the red during early trade on Wednesday.

At around 9:21 AM, Bank Nifty was down by 0.84% to trade at 53,265.60. The Nifty Financial Services index was also trading lower by 0.71% at 24,683.90.

Most sectoral indices, including the Nifty Auto (down 0.61%), Nifty FMCG (down 0.78%), Nifty Pharma (down 0.35%), and Nifty Metal (down 0.07%), were also in the red. Nifty IT (down 3.78%) suffered the heaviest.

Top Gainers And Losers

During early trade, approximately 1,062 shares were trading in the green, whereas 1,163 shares were in the red. 150 shares remained unchanged.

The top gainers on Nifty were Bharti Airtel, Adani Ports, Apollo Hospitals, ONGC and Coal India. The top losers were TCS, HCL Tech, Infosys, Tech Mahindra and Zomato (Eternal).

Developments Shaping The Market

• Middle East Tension: The hopes of peace resuming in the Middle East suffered a jolt on Tuesday after Iran announced that there can be no negotiations with the US attacking again. There is no certainty about the reopening of the Strait of Hormuz either.

• Rupee Under Pressure: The Indian National Rupee (INR) has been under constant pressure due to geopolitical uncertainty and volatile energy prices. On Wednesday, the currency opened 18 paise lower at 95.45 per US dollar.

• Oil Prices Volatility: Oil prices stayed volatile as uncertainty around the US-Iran peace talks continued. On Wednesday, Brent crude traded near the $97-per-barrel mark.

• Global Markets: Global markets gave mixed cues on Wednesday. At 9:31 AM, Dow was up by 0.45%. Japan’s NIKKEI was up 2.93%. Hong Kong’s HANG SENG was down 1.75%. South Korea’s KOSPI was up 0.15%.

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Investor Takeaway

The Indian stock markets are going through an extremely volatile phase. Even the slightest of recoveries are being erased by declines due to geopolitical uncertainty. Investors must proceed with extreme caution.

Sources:

The Economic Times

Moneycontrol