Stock Market Today, June 5, 2026: Sensex, Nifty Open Higher in Expectations of RBI MPC Meet

Mumbai, June 5: Indian equity benchmarks Sensex and Nifty 50 traded higher in early deals on Friday, as investors expect positive outcome from RBI’s MPC meet even as they remained worried about the escalating US-Iran war risks. Worries stemming from tensions between the US and Iran continued to trouble investors, however positive cues from Wall Street helped indices pare initial losses and move into positive zone in early trade. 

The benchmark BSE Sensex was trading at 74,520.99 up by 160.98 points or 0.22% and Nifty 50 index was up by 30.35 points or 0.13% at 23,446.90 as of 9:21 am. 

Top Gainers and Losers 

Among the top gainers on the Nifty 50 in early trade, Tech Mahindra led the pack with its last traded price (LTP) at ₹1,508.40 against a previous close of ₹1,487.30, a gain of 1.42%, followed by HDFC Life Insurance at ₹581.50 versus ₹573.75 previously, rising 1.35%. Adani Ports advanced 1.10% to an LTP of ₹1,810.60 from its prior close of ₹1,790.90, while Mahindra & Mahindra gained 1.03% to ₹3,047.20 from ₹3,016.10. Asian Paints also edged higher by 0.85% to ₹2,684.20 against a previous close of ₹2,661.60.  

On the losing side, Wipro was the standout decliner, falling sharply by 4.81% to an LTP of ₹194.50 from its previous close of ₹204.32, as the company’s ₹15,000 crore buyback record date triggered heavy selling pressure. Tata Steel slipped 1.64% to ₹207.12 from ₹210.57, while Hindalco shed 1.19% to ₹1,112.20 from ₹1,125.60, dragging the metals space lower. Coal India dipped 0.65% to ₹478.50 from ₹481.65, and Trent lost 0.43% to ₹2,825.40 against a prior close of ₹2,837.60.

 Gainers 

Losers 

 Broad Markets and Sectoral Indices 

In the broader market, the Nifty Midcap 100 was trading up 0.38% at 61,199.80, while the Nifty Smallcap 100 gained 0.34% to 18,182.90 and the Nifty Midcap 50 rose 0.36% to 17,326.90, suggesting that the buying interest extended beyond large-caps into mid and small-cap names. On the downside among broad market indices, the Nifty 500 Value 50 slipped 0.09% to 16,577.60, Nifty Commodities edged lower by 0.12% to 10,169.90, and Nifty CPSE fell 0.21% to 6,949.45, reflecting pressure on state-run enterprise stocks.  

Turning to sectoral indices, Nifty Media was the standout gainer, rising 1.47% to 1,473.20, followed by Nifty Financial Services Ex-Bank which advanced 0.73% to 30,304.60 and Nifty Midsmall IT & Telecom climbing 0.71% to 9,675.35. On the other side, Nifty Metal was the worst-performing sector, sliding 0.62% to 13,352.65 amid persistent concerns over global demand and a pullback in commodity prices, while Nifty CPSE declined 0.21% to 6,949.45 and Nifty Oil & Gas barely moved, inching up just 0.05% to 11,164.50 despite elevated crude prices. 

Middle East Conflict 

The geopolitical backdrop remained tense on Friday after Lebanon’s Hezbollah militia rejected a fresh US-brokered ceasefire agreement between Israel and the Lebanese government, with Hezbollah leader Naim Qassem declaring that the group, which was not party to the negotiations, would not be bound by its terms. Israel’s Defence Minister Israel Katz responded by categorically ruling out any withdrawal of Israeli forces from Lebanon or a halt to operations, deepening the impasse and undermining US President Donald Trump’s efforts to parlay a Lebanon ceasefire into a broader peace deal with Tehran. Iran, which has made a ceasefire in Lebanon a precondition for any agreement with Washington, signalled through the commander of its Revolutionary Guards Quds Force that Israel must at minimum pull back to its pre-war positions — a demand that appears irreconcilable with Israel’s stated posture. In one of the most intense episodes of direct hostilities since an April ceasefire temporarily ended large-scale fighting, Iranian and US forces exchanged fire in the Gulf on Wednesday, raising concerns about the fragility of any diplomatic framework and adding to the war risk premium that continues to shadow global markets. 

Asian and US Markets 

Asian markets presented a mixed picture on Friday morning, with Japan’s Nikkei 225 declining 1.20% to 66,661.47 and Hong Kong’s Hang Seng losing 0.61% to 25,100.32, while Indonesia’s JSX Composite fell sharply by 1.70% to 5,839.78, reflecting heightened risk aversion in the region. On the positive side, Malaysia’s FTSE Bursa KLCI Index rose 1.45% to 1,696.95 and Pakistan’s KSE 100 gained 0.58% to 171,175.51, while China’s Shanghai Composite edged up 0.21% to 4,066.20.  

On Wall Street, the Dow Jones Industrial Average surged 1.73% to 51,561.93 on Thursday and the S&P 500 added 0.41% to 7,584.31, while the NYSE Composite gained 1.27% to 23,572.77, though the Nasdaq Composite bucked the trend with a marginal decline of 0.09% to 26,830.96 on continued pressure in technology shares. 

Oil Prices 

Crude oil prices were little changed in early Asian trade on Friday after steep losses in the previous session, with Brent crude slipping 0.22% to $95.24 a barrel and US West Texas Intermediate easing 0.11% to $92.94, following respective declines of 2.84% and 3.1% on Thursday. Despite the intraday softness, both contracts remained on track for their first weekly gain in three weeks, with WTI up over 6% for the week, as the unresolved US-Iran war and continued restrictions on traffic through the Strait of Hormuz — a critical chokepoint through which roughly one-fifth of global oil supplies pass — kept supply concerns firmly in play. Analysts have flagged the risk of a sharp price spike in the third quarter should global oil inventories, which are already under pressure, decline further amid the ongoing disruption to Middle Eastern supply routes. 

Thursday’s Closing 

Indian equity indices ended nearly flat on Thursday after a volatile session, with the Sensex rising a mere 13.84 points or 0.02% to 74,360.01 and the Nifty 50 adding 10.95 points or 0.05% to settle at 23,416.55, as investors remained cautious about Middle East developments and a weak IT sector performance. Information technology stocks emerged as the biggest drag on the benchmarks, with Infosys among the top Nifty losers, while metals heavyweights including Hindalco Industries also weighed on the indices. Market breadth was marginally positive, with 2,156 stocks advancing, 1,852 declining and 164 remaining unchanged on the BSE. 

Sources

• bseindia.com
• Nseindia.com