More Stories

Informist, Thursday, Jun. 4, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Mkts open lower amid no sign of de-escalation in West Asia war

 

MUMBAI--0939 IST--Benchmark indices opened lower amid the ongoing West Asia war which does not indicate any sign of de-escalation. The July Futures of Brent Crude Oil remained elevated at around $97 per barrel. Analysts are of the view that investors took a cautious stance ahead of the Reserve Bank of India policy outcome. 

 

At 0937 IST, the Nifty 50 was at 23365.40, down 40.20 or 0.2%, and the BSE Sensex was at 74213.52, down 132.65 points or 0.2%. Adani Enterprises and Eternal were the top gainers in the Nifty 50, up around 2?ch. Titan Co., Asian Paints, Tech Mahindra, and Adani Ports and Special Economic Zone rose around 1?ch.   

 

Trent was the worst hit stock in the Nifty 50, down over 2%. Tata Motors Passenger Vehicles fell nearly 2%. Infosys and Eicher Motors were down over 1?ch. The heavyweight banking stock HDFC Bank fell over 1%. SBI Life Insurance Co., InterGlobe Aviation, Dr. Reddy's Laboratories, and Hindalco Industries were down around 1?ch. Financial services companies Bajaj Finserv, Kotak Mahindra Bank, Bajaj Finance, and Axis Bank fell 0.5-1.0%. 

 

Meanwhile, the broader market indices defied the trend in their benchmark peers. The Nifty Smallcap indices rose 0.1-0.2%, and the Nifty Midcap indices gained 0.1?ch. Among the sectoral indices, Nifty Consumer Durables was the major gainer, up 0.8%, while Nifty Realty was the underperformer and fell 0.5%. 

 

Voltas and Blue Star were the top gainers among the Nifty 200 constituents, up nearly 4?ch. Adani Total Gas and Hitachi Energy India gained around 3?ch. In contrast, National Aluminium Co. was the worst hits in the index, down nearly 3%. In the Nifty 500, MMTC was the top gainer, up nearly 6%. On other hand, Schneider Electric India hit the lower circuit at INR 1,066.20, down 5%.  (Adhithya Aji)

---

Equity Alert: May open lower on weak global cues, higher oil prices

 

 

MUMBAI--0830 IST--The domestic equity indices may open lower Thursday, tracking the early fall in other Asian markets, as crude oil prices remained higher at $96 a barrel. The GIFT Nifty June futures contract movement also suggested a lower opening for the indices despite US President Donald Trump Wednesday saying the talks with Iran are going "very well" and could yield results over the weekend.

 

"I hear the negotiation itself is going very well actually," NDTV World reported Trump saying. "It could happen... over the weekend." In another development, the US House of Representatives passed a measure that seeks to stop Trump from taking further military action against Iran, according to a BBC report. According to Iran's Foreign Minister Seyed Abbas Araghchi, while contact with the US has not been cut off, no progress has been made either in the war negotiations, Al Jazeera reported.

 

At 0818 IST, Brent crude oil August futures were down over 1% from Wednesday at $96.62 a barrel. In a week, the August futures contract has risen 6%. Investors are expected to closely monitor the crude oil price trend as it will dictate the market's direction.

 

At 0820 IST, the GIFT Nifty June futures contract was largely flat from Wednesday at 23338.50 points. This is over 60 points lower than the Nifty 50's previous close of 23405.60 points. "The Nifty (50) index once again bounced back from the lower band support of a downward-sloping consolidation range," Vipin Kumar, technical and derivatives analyst at Globe Capital Market, said. "Immediate supports are placed at the 23200–23000 spot levels while resistances are around the 23800–24000 spot zones."

 

He added, "A depreciating INR, elevated crude oil prices, persistent FII (foreign institutional investor) outflows, and an unstable Middle East (West Asia) remain the key headwinds to keep an eye on." Investors will also monitor the Reserve Bank of India's Monetary Policy Committee's decision on interest rates Friday. The GDP for the March quarter and the provisional estimate for the financial year 2025–26 (Apr-Mar) will also be released Friday by the statistics ministry. Those data, however, will come after the stock market closes.

 

Among Asian indices, which were all in the red in early trade, South Korea's KOSPI was the big loser. It was down over 2% from Wednesday after rising for three successive sessions. All three major US indices also closed lower Wednesday, with the Dow Jones Industrial Average down over 1%.  (Arundathi A R)

---

Equity Alert: Indices in Asia fall amid heightened concerns of West Asia war

 

MUMBAI--0825 IST--All major stock markets in Asia were in the red as the war between the US and Iran escalated. Brent Crude Oil futures fell from Wednesday's highs but remained elevated near $97 per barrel. Indices in Japan, South Korea, and Hong Kong fell the most in the region. US President Donald Trump said he would not resume the war unless Iran kills American troops, The Wall Street Journal reported, citing sources. Repeated attacks have increased pressure on Trump and cast doubts over the long-term viability of the ceasefire, the media agency's sources said. 

 

Israeli Prime Minister Benjamin Netanyahu told CNBC in an interview that Iran was playing with fire and that the US and Israel may return to military action if needed. "Israel is ready and the US forces are ready. I think Iran should take that into account. I think they are taking into account, but they're playing with fire," Netanyahu said. He said Trump is the greatest friend to Israel and that both nations have common goals. 

 

South Korean indices resumed trading after a one-day break for elections and the KOSPI fell the most compared with its peers. The benchmark index was down over 2%. The technology and semiconductor rally took a breather; shares of SK Hynix were down more than 3% and those of Samsung Electronics Co. nearly 2%. LG Energy Solution fell almost 6%. 

 

On the macroecnomic front, the upside risks to prices seem greater and are likely to emerge sooner, Bank of Japan Governor Kazuo Ueda said. "If the turmoil surrounding the situation in the Middle East becomes prolonged, there is a greater possibility that the persistence of the shock will also have an impact on underlying inflation," Ueda said in his speech. Securing alternative sources of supply and income for households will help minimise downside risks to economic activity, he said, while also highlighting that, as of now, weaker sentiment has not caused a decline in consumption. 

 

Further, firms have pointed out that shortages in the labour force and a surge in prices are potential barriers to investments for growth, Japan's central bank governor said. "The bank will continue to raise the policy interest rate at an appropriate pace," he said. The governor was hawkish in his speech and expectations of a rate hike in June have gone up. The Japanese central bank had kept its interest rates unchanged in its April meeting at 0.75%.

 

The following were the levels of major Asian indices at 0823 IST:

 

Index	Level	Change in %
CSI 300 Index	4916.351	(-)0.45
Hang Seng Index	25298.87	(-)1.30
Nikkei 225 Day	67101.83	(-)1.90
TOPIX FIRST SECTION	3940.22	(-)1.40
KOSPI	8653.99	(-)1.68
FTSE Singapore Strait Times	5077.82	(-)1.18
S&P/ASX 200 Index	8659.10	(-)1.44

 

(Ruchira Kagita)

---

Equity Alert: US indices fall; S&P 500, NASDAQ snap 9-day gaining streak

 

MUMBAI--0740 IST--All the three major US indices closed in the red Wednesday as the war between the US and Iran escalated. The S&P 500 and the NASDAQ Composite snapped their nine-day gaining streak. The Dow Jones Industrial Average posted a steeper decline compared with the technology-heavy NASDAQ and the broader market S&P 500 indices. The Dow Jones' five-day gaining spell broke as the index closed over 600 points lower.

 

In the blue-chip Dow Jones, shares of International Business Machines Corp., Salesforce, and Honeywell International were the top losers, down 5–7%. Only four of the S&P 500 sectoral indices closed in the green, with the S&P 500 Energy being the best performer. The energy index closed more than 1% higher. Shares of energy giants ExxonMobil and Chevron closed over 1% higher. 

 

In some more news, Elon Musk-led SpaceX plans to set its price for the initial public offer at $135 per share to raise $75 billion, Reuters reported, citing sources. The satellite operator plans to sell 555.6 million shares and achieve a valuation of $1.75 trillion, Reuters' source said. The media agency also reported that JPMorgan Chase Chief Executive Officer Jamie Dimon will pitch the SpaceX IPO to the bank's wealthy clients this week. 

 

Meanwhile, the economic impact of the war in West Asia will depend on how long the crucial Strait of Hormuz remains closed, Lorie Logan, the president and CEO of the Federal Reserve Bank of Dallas, said Wednesday at the University of Texas. "The impact in the Middle East has been the most significant disruption in energy in history," Logan said. "We in the US have been less impacted," Logan said while pointing out that the US is a net exporter of crude oil. Logan said she sees further upside risks to inflation, and the labour market is seen to be stable. "We need at least mildly restrictive policy" to bring inflation down to 2%. 

 

The following were the closing levels of major US indices on Wednesday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	50687.07	(-)1.21
NASDAQ Composite	26853.976	(-)0.89
S&P 500	7553.68	(-)0.74

 

(Ruchira Kagita)

 

US$1 = INR 95.70

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.