| Market Pulse |
Tuesday, 2 June, 2026 |
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Market Snapshot
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📊
Nifty 50
23,382.6
-0.70%
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📈
Sensex
74,267.34
-0.68%
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🏦
Bank Nifty
53,643.1
-1.10%
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The Indian stock market experienced a downturn today, with Nifty 50 and Sensex declining by 0.70% and 0.68% respectively. The primary driver behind this movement was the heightened geopolitical tension between the US and Iran, which spurred fears of increased oil prices and financial instability, impacting investor sentiment negatively. Additionally, the threat of rising fuel prices added to the pressure on energy and auto sectors, while fund outflows from FIIs further exacerbated the market decline. Despite these challenges, the IT sector outperformed, driven by positive expectations from an impending trade truce with the US.
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The Big Story
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📰 FEATURED
US-Iran war live: US strikes Iran, IRGC retaliates with attack on US base; Kuwait activates air defences
EnergyBanking
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Prepare for volatility in energy and banking sectors due to geopolitical risks.
WHY IT MATTERS
Escalating US-Iran tensions could spike oil prices, impacting energy costs and financial stability in India.
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Quick Takes
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commodities • negative
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Fuel prices may need to rise up to Rs 12/litre for OMCs to offset current losses
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Prepare for potential cost pressures on energy and auto sectors.
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Read full report →
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markets • negative
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Indian shares to open lower as Iran war, fund outflows continue to weigh
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Prepare for market volatility; consider defensive stocks.
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Read full report →
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india macro • negative
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India GDP growth likely eased in January-March quarter on softer external demand: Reuters poll
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Investors should brace for potential market volatility due to weaker GDP growth signals.
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Read full report →
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commodities • negative
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Oil prices surge on reports that Iran has cut off communication with US
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Expect increased volatility in energy and auto stocks; consider risk management strategies.
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Read full report →
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india macro • positive
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India scraps cotton import duty for five months to aid textile exporters
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Expect positive momentum in textile stocks due to cost advantages.
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Read full report →
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global macro • negative
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China Cracks Down On Overseas Investing After Record $1 Trillion Capital Flight To US, Hong Kong Markets
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Potential capital outflow from emerging markets; caution advised in IT and metals.
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Read full report →
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FII / DII Activity
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FII/FPI
Sold
₹140 Cr
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DII
Bought
₹908 Cr
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FIIs sold ₹140 Cr, DIIs bought ₹908 Cr today.
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Market Breadth
Advances: 742 ·
Declines: 952 ·
A/D Ratio: 0.78
Mixed participation across market
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Sector Performance
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IT
+2.7%
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Media
+1.4%
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Metal
+0.5%
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Pharma
-0.5%
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Bank
-1.1%
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Infra
-1.2%
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Fin Services
-1.4%
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Energy
-1.5%
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Auto
-1.7%
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Realty
-1.8%
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PSU Bank
-1.8%
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FMCG
-2.3%
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IT, Media led gains while PSU Bank, FMCG underperformed. Defensive sectors outperforming suggests risk-off sentiment.
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Technical Levels
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Nifty 50
| Support |
23,500 / 23,616 |
| Resistance |
23,624 / 23,866 |
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Bank Nifty
| Support |
53,847 |
| Resistance |
54,330 |
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Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term momentum is weak.
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Global Cues
| S&P Futures: -0.42%
Global cues mixed; expect range-bound opening
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Commodities & Forex
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Gold
₹1,54,300
+0.03%
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Silver
₹2,66,537
+0.14%
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USD/INR
Rs 94.98/USD
+0.00%
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Macro / Economic Events
| 📌 |
RBI Monetary Policy Decision |
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Looking Ahead
| 👀 |
RBI Monetary Policy Decision |
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Corporate Actions
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Wipro
s to watch: Ola Electric, Wipro, NHPC, Axis Bank among 10 shares in focus today; check list here
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DISCLAIMER
This newsletter is for informational and educational purposes only. It is not investment advice.
Markets are subject to risks, and past performance is not indicative of future results.
Consult a registered financial advisor before making investment decisions. We are not registered
investment advisors with SEBI or any other regulatory body.
AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.
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