Stock Market Midday Report, June 4, 2026: Sensex, Nifty Nudge Higher Amid Middle East Ceasefire Hopes; Midcap Outperforms

Mumbai, June 4: Indian benchmark indices inched higher in midday trade on Thursday, recovering from the previous session’s losses as cautious optimism surrounding a potential broader Middle East settlement lifted sentiment.  

The BSE Sensex was trading at 74,435.09, up 88.92 points or 0.12%, while the NSE Nifty 50 stood at 23,436.35, gaining 30.75 points or 0.13%, as of 12:06 pm. 

The conflict in the Middle East showed tentative signs of easing on Thursday after Israel and Lebanon agreed to implement a ceasefire, raising hopes for a wider deal to end the U.S.-Israeli war with Iran, though Iranian strikes on Kuwait’s airport and ongoing tensions near the Strait of Hormuz continued to cloud the outlook. 

Indian markets opened Thursday’s session on a subdued but notably resilient note, with the BSE Sensex down just 185.08 points or 0.25% to 74,161.09 and the Nifty 50 easing 57.35 points or 0.25% to 23,348.25 as of 09:24 — a far cry from the brutal 907-point Sensex collapse that had defined Wednesday’s opening. 

Gainers & Losers 

Among the top gainers on the Nifty 50, Eternal led the pack with its last traded price at ₹254.55, up 3.06% against a previous close of ₹247.00, followed by Coal India at ₹481.90 versus ₹472.30, climbing 2.03%. Titan rose 1.57% to ₹4,153.10 from ₹4,088.80, while Tech Mahindra climbed 1.30% to ₹1,491.50 from ₹1,472.30. Maruti Suzuki rounded out the top five, trading at ₹13,197.00, up 1.17% against its previous close of ₹13,044.00. 

On the losing side, Trent was the sharpest decliner, slipping 1.99% to ₹2,782.00 from its previous close of ₹4,257.60, followed by Infosys, which fell 1.49% to ₹1,204.40 from ₹1,222.60. Max Healthcare traded 1.18% lower at ₹954.20 versus ₹965.55, while UltraTech Cement eased 0.93% to ₹10,998.00 from ₹11,101.00. Power Grid Corporation declined 0.84% to ₹282.65 from ₹285.05. 

Broad Market & Sectoral Indices 

Broader markets outperformed the benchmarks through the morning session. Among the broad indices, the Nifty Consumer Durables led with a gain of 1.63%, followed by Nifty Microcap 250, which advanced 1.08%, and Nifty Capital Markets, which was up 1.51%. On the sectoral front, Nifty Consumer Durables remained the top performer at 1.63%, with Nifty Capital Markets rising 1.51%, Nifty India Tourism advancing 1.32%, and Nifty India Defence gaining 1.14%. 

The ceasefire agreement between Israel and Lebanon, brokered through U.S. mediation in Washington, injected a measure of cautious optimism into global markets on Thursday. Iran, however, struck Kuwait’s international airport with drones and missiles, killing one person and injuring more than 60, prompting a temporary suspension of flights at the Kuwaiti hub. The U.S. military attributed the airport attack directly to Iranian forces, contradicting Iran’s claim that the destruction was caused by failed American interceptor missiles. Separately, the U.S. House of Representatives approved a resolution seeking to limit President Donald Trump’s war powers, adding a new dimension to diplomatic proceedings around the conflict. 

Oil Prices 

Oil prices edged lower on Thursday as the Israel-Lebanon ceasefire deal stoked hopes of a broader de-escalation in the Middle East conflict. Brent crude futures were trading at $97.14 a barrel, down 67 cents or 0.69%, while U.S. West Texas Intermediate fell 62 cents, or 0.65%, to $95.40. The Strait of Hormuz remains largely closed more than three months after U.S.-Israeli strikes on Iran, keeping supply concerns elevated even as diplomatic signals improve. 

Asian Markets 

Asian markets presented a mixed picture on Thursday morning, with risk-off sentiment dominating the larger bourses. Japan’s Nikkei 225 fell 1,062 points, or 1.55%, to 67,339.92, while Hong Kong’s Hang Seng dropped 1.57% to 25,230.12, and Indonesia’s Jakarta Composite shed a sharp 4.11%. On the positive side, Malaysia’s KLCI gained 0.89% and Thailand’s SET Index advanced 0.79%, reflecting diverging regional reactions to the evolving geopolitical situation. 

Sources: nseindia.com 

Bseindia.com 

References: https://www.reuters.com/world/middle-east/hostilities-flare-iran-war-oil-jumps-with-talks-stalemate-2026-06-03/ 

https://www.reuters.com/markets/stocks/asia-pacific/ 

https://www.reuters.com/markets/stocks/americas/ 

https://www.reuters.com/business/energy/oil-falls-lebanon-israel-agree-implement-ceasefire-2026-06-04/