Stock Market Midday Report June 5, 2026: Sensex, Nifty Hold Steady as RBI Holds Repo Rate at 5.25%; Markets Eye US-Iran War Risks

Mumbai, June 5: Indian equity benchmarks Sensex and Nifty 50 held modest gains in midday trade on Friday, paring earlier advances even as the RBI’s Monetary Policy Committee kept its benchmark repo rate unchanged at 5.25%, a move that was widely anticipated by markets. Lingering concerns over the escalating US-Iran conflict continued to weigh on sentiment through the session, capping the indices’ upside despite a broadly positive opening driven by Wall Street cues. 

The benchmark BSE Sensex was trading at 74,416.78, up 56.77 points or 0.08%, while the NSE Nifty 50 stood at 23,423.60, gaining 7.05 points or 0.03%, as of 11:51 am. 

In early trade, the benchmark BSE Sensex was trading at 74,520.99, up by 160.98 points or 0.22%, and the Nifty 50 index was up by 30.35 points or 0.13% at 23,446.90 as of 9:21 am, before paring gains through the morning session amid continued geopolitical uncertainty. 

Gainers & Losers 

By midday, Bajaj Finance emerged as the top gainer on the Nifty 50, surging 3.30% to ₹903.25 from a previous close of ₹874.40, followed by Adani Enterprises, which climbed 2.03% to ₹3,033.00 from ₹2,972.80. HDFC Life Insurance rose 1.89% to ₹584.60 from ₹573.75, while Hindustan Unilever advanced 1.55% to ₹2,111.70 from ₹2,079.40. Adani Ports rounded out the top five, rising 1.54% to ₹1,818.50 from ₹1,790.90. Shriram Finance also featured among the notable gainers, climbing 1.47% to ₹929.30 from ₹915.80, while Eternal added 1.32% to ₹257.70 from ₹254.35. 

On the losing side, Wipro was the sharpest decliner, falling 3.95% to ₹196.25 from its previous close of ₹204.32, followed by Hindalco Industries, which shed 2.59% to ₹1,096.40 from ₹1,125.60. Trent slipped 2.32% to ₹2,771.80 from ₹2,837.60, while Tata Steel eased 1.99% to ₹206.37 from ₹210.57. Coal India declined 1.58% to ₹474.05 from ₹481.65. IndiGo fell 1.21% to ₹4,454.20 from ₹4,508.80, while HCL Technologies slipped 1.12% to ₹1,155.20 from ₹1,168.30. 

Broad Market & Sectoral Indices 

Broader markets broadly outperformed the benchmarks through the midday session. Among the broad indices, the Nifty Midcap Select advanced 0.45%, while the Nifty Midcap 50 gained 0.43% and the Nifty Smallcap 100 rose 0.45%. On the sectoral front, Nifty Media led all sectors with a sharp gain of 2.88%, followed by Nifty PSU Bank which surged 1.33%, and Nifty Realty which advanced 1.76%. Nifty Financial Services Ex-Bank rose 1.48%, while Nifty India Defence gained 0.86%. Nifty IT was the notable laggard, declining 0.42%, while Nifty Metal slipped 1.09% and Nifty Commodities fell 0.51%. 

RBI Monetary Policy Decision 

The Reserve Bank of India (RBI) on Friday kept its benchmark repo rate unchanged at 5.25%, choosing to focus on inflation and growth risks despite a sliding rupee. The decision was widely expected by economists and market participants. 

The Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, opted against raising borrowing costs even as the rupee has weakened about 5% since February. 

Malhotra said the Monetary Policy Committee observed a deterioration in the global economic environment and believed it would be prudent to await greater clarity on evolving risks before making any policy adjustments. 

He added that an uncertain global environment and the possibility of a weaker-than-expected monsoon could pose downside risks to economic growth. 

Sources

• nseindia.com 
• bseindia.com