Stock Market Close, June 4, 2026: Sensex, Nifty End Flat After Volatile Session As IT, Middle East Tensions Keep Investors on Edge

Mumbai, June 4:Indian benchmark indices ended little changed on Thursday after a choppy trading session, as investors remained cautious over developments in the Middle East and weakness in IT shares.

The Sensex rose 13.84 points, or 0.02%, to 74,360.01, while the Nifty 50 added 10.95 points, or 0.05%, to settle at 23,416.55. Market breadth remained positive, with 2,156 stocks advancing, 1,852 declining and 164 remaining unchanged.

The benchmarks recovered from early losses after opening lower in line with weak Asian markets. Investor sentiment was initially weighed down by renewed tensions involving the US and Iran, crude oil prices remaining elevated despite decline and concerns over their impact on inflation and the rupee. However, the indices clawed back losses as the session progressed.

IT, Metals Weigh on Market

The Sensex kept going negative and positive before finally ending flat as a wide variety of shares chose to counter IT-led pessimism. Source: BSE

Information technology stocks emerged as the biggest drag on the benchmarks, with investors booking profits after the sector’s recent rally. Infosys was among the top losers on the Nifty, while weakness in metal counters such as Hindalco Industries further capped gains.

On the positive side, Titan Company, Eternal, Coal India, Cipla and Adani Enterprises led the gainers’ list. Sectorally, consumer durables, capital goods, media, pharmaceuticals, oil & gas, banking and energy shares attracted buying interest, helping offset pressure from IT and metals.

Notably, 13 of the 16 major sectoral indices ended in positive territory, highlighting the market’s resilience despite global uncertainties.

Broader Markets Continue to Outperform

The broader market once again outpaced the frontline indices, reflecting sustained investor appetite for domestic growth-oriented stocks.

Middle East kept weighing on the Nifty 50 besides weakness in metals and IT also preventing a rise. Source: NSE

The Nifty Midcap 100 and Nifty Smallcap 100 indices both gained about 0.5% each, extending their recent outperformance.

Focus Shifts to RBI Policy

Investor attention has now turned squarely to the RBI’s policy announcement on Friday amid expectations the central bank will keep the repo rate unchanged at 5.25%, though market participants will closely watch commentary on inflation, liquidity conditions, the rupee and global risks.

The policy assumes greater significance as rising crude oil prices, geopolitical tensions and recent weakness in the rupee have added to inflation concerns. The Indian currency has come under pressure in recent sessions amid broader risk aversion and uncertainty surrounding developments in the Gulf region.

With global cues remaining mixed and the RBI decision around the corner, markets are likely to remain volatile in the near term, although the continued strength in broader markets points to underlying optimism among domestic investors.

Source:

• NSE, BSE