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Nifty trades below 23,350 mark; European mrkt decline
IT, realty and consumer durables shares declined while PSU bank and private bank shares advanced.
Nifty Bank tumbles 600 points; IndusInd Bank, Yes Bank, SBI and other stocks fall up to 3%. What lies ahead?
The Nifty Bank index plunged over 1% on Wednesday, tracking the broader market selloff, with the gauge falling 626 points to 53,089. AU Small Finance Bank and IndusInd Bank led losses, while most PSU and private lenders traded lower. Weak sentiment extended across markets as the Sensex dropped over 1,100 points, the Nifty slipped below 23,300, and IT stocks fell by up to 7%.
RBI MPC meeting begins today: Will RBI announce a rate hike as Middle East conflict threatens to drive inflation?
According to wealth management firm DSP Mutual Fund, the central bank is unlikely to announce a rate hike, instead, the bank is likely to follow a step-by-step sequence before pulling the trigger on rates to defend the currency.
Gold overtakes US treasuries as the world's top reserve asset. Here's why central banks are buying more bullion
Gold tops global reserves as ECB reports record central bank and Tether gold buying, highlighting geopolitics, sanctions risks and a shifting world order.
INR depreciates further to one-week low as oil stays elevated amid Middle East turmoil
The Indian rupee depreciated further in opening trades on Wednesday as oil prices stay elevated, driving fears of inflationary pressures in future. INR opened at Rs 95.43 per dollar and hit a low of 95.65 so far during the day. Yesterday, rupee fell 15 paise to close at 95.34 against the US dollar, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. Local equities continue to stay strained in early trades with BSE Sensex trading at 73,866.45, down by 783.39 points and NSE Nifty 50 trading at 23,247.90, down by 235.65 points.
Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports
Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS, and strong cargo volumes.
Share Market Today: Nifty 50, Bank Nifty Prediction | June 2, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty Prediction | June 2, 2026Liquide Blog
INR settles lower as global crude oil prices stay elevated amid Middle East turmoil
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84.
ICICI Bank Ltd down for fifth straight session
ICICI Bank Ltd is quoting at Rs 1234.9, down 0.39% on the day as on 13:19 IST on the NSE. The stock tumbled 14.12% in last one year as compared to a 4.38% slide in NIFTY and a 3.23% fall in the Nifty Bank index.
Nifty 50 Scorecard: The winners and losers of Q4 results season
Nifty EPS for FY26 ended at ₹1,065, up 5% YoY, a second consecutive year of single-digit growth. Five Nifty companies – Bharti Airtel, JSW Steel, HDFC Bank, Infosys, and Tata Consultancy Services (TCS) – contributed 75% of the incremental YoY accretion in earnings.
Sensex Today Trades Lower | Nifty Below 23,350 | HDFC Bank & Bajaj Finance Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 23,350 | HDFC Bank & Bajaj Finance Top LosersEquitymaster
Sensex Today Trades Lower | Nifty Below 23,350 | HDFC Bank & Bajaj Finance Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 23,350 | HDFC Bank & Bajaj Finance Top LosersEquitymaster