Indian Market Closing
Nifty 50 closed at 23,547.75, down 359.40 points or 1.5%, while the BSE Sensex tumbled 1,092 points to 74,775.74, shedding 1.5% in a broad-based selloff on June 02, 2026. Both benchmarks wiped off nearly ₹5 lakh crore in investor wealth as sellers dominated across sectors.
| Index | Close | Change (pts) | Change (%) |
|---|---|---|---|
| Nifty 50 | 23,547.75 | -359.40 | -1.5% |
| BSE Sensex | 74,775.74 | -1,092 | -1.5% |
Sector Performance and Stock Movers
Selling pressure was visible across the board. Nifty Bank declined 0.7% to close at 54,239.20, shedding 614.65 points, while Nifty Financial Services fell 398.20 points. Nifty IT dropped 1,198.45 points to 31,052.70, underperforming the broader market. Nifty Auto slipped 164.80 points to 26,056.70.
Among major stocks, Infosys rallied 5.3% to ₹1,266.10, emerging as a rare gainer in the IT space. HDFC Bank edged up 0.6% to ₹747.40, while Wipro gained 1.5% to ₹209.58. Tata Steel added 0.4% to ₹211.40. On the losing side, Nifty Next 50 tumbled 883.55 points to 71,073.65, while Nifty 500 fell 0.6%. Nifty Mid Select shed 1.3% to close at 14,474.90.
The selloff erased gains from previous sessions, with Nifty 50 closing well below the 23,900 level it had defended earlier in the day. The index traded in a wide intraday range of 23,229.15 to 23,535.05 before settling near session lows.
GIFT NIFTY Session
GIFT NIFTY closed at 23,569, up 127.5 points or 0.5% from the previous close of 23,441.50, diverging sharply from the cash market's slide. The contract opened at 23,400.50 and rallied to a high of 23,618 before settling near intraday peaks, demonstrating robust buying interest in the derivatives segment.
| Metric | Value |
|---|---|
| Last Traded Price | 23,569.0 |
| Open | 23,400.5 |
| High | 23,618.0 |
| Low | 23,230.0 |
| Previous Close | 23,441.5 |
| Change | +127.5 (+0.54%) |
The session saw sharp intraday volatility, with GIFT NIFTY dipping to 23,230 in early Asian hours before staging a strong recovery from 15:00 IST onward. The contract surged nearly 200 points in the final 90 minutes of Session I, rallying from 23,386 at 15:00 to 23,602 by 16:00, before consolidating near 23,570 heading into the evening session.
Session II Outlook
GIFT NIFTY heads into Session II at 23,569, holding firm above the 23,500 mark despite the Indian cash market's sharp decline. The 388-point intraday range reflects heightened volatility as global cues and overnight positioning drive derivatives activity ahead of Wednesday's domestic open.