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Snapping the four-day losing streak, benchmark BSE Sensex rebounded by 382 points on Tuesday (June 2, 2026), powered by a strong rally in IT shares.
The 30-share BSE Sensex climbed 382.50 points, or 0.52%, to settle at 74,649.84 with 20 of its constituents ending higher and 10 with losses. The barometer jumped 1,047.07 points to 74,862.19 from its intra-day low of 73,815.12.
The 50-share NSE Nifty rose by 100.95 points, or 0.43%, to end at 23,483.55. Among 30 Sensex firms, Tata Consultancy Services jumped the most by 6.53%. Infosys climbed 5.66%, HCL Tech by 4.08%, and Tech Mahindra by 1.76%. Adani Ports, Titan, Eternal, HDFC Bank and Mahindra & Mahindra were also among the gainers.
NTPC, Axis Bank, Power Grid, and ICICI Bank were among the laggards. “Markets recovered from initial losses, led by gains in the IT sector, while continued accumulation in large-cap stocks reflected comfort with valuations, as the Nifty-50 trades closer to its long-term averages than the relatively richer valuations in broader markets.
“Despite ongoing delays in a West Asia truce, global sentiment remained stable, highlighting resilience in risk appetite,” Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE IT index jumped 4.40%. Brent crude, the global oil benchmark, declined 1.28% to $93.76 per barrel.
In Asian markets, South Korea’s benchmark Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended higher, while Japan’s Nikkei 225 index settled lower. Markets in Europe were trading higher.
“The primary driver behind the recovery was the explosive rally in the IT sector. The Nifty IT index surged over 4%, with heavyweights such as TCS and Infosys leading the gains. The move was fueled by strong earnings and guidance from major U.S. technology companies, reinforcing the view that global AI, cloud, and enterprise technology spending remains resilient despite broader economic uncertainty,” K. Hariprasad, Research Analyst and Founder, Livelong Wealth, said.
U.S. markets ended in positive territory on Monday (June 1, 2026). Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,911.68 crore on Monday (June 1), according to exchange data.
On Monday (June 1), the Sensex dropped 508.40 points, or 0.68%, to settle at 74,267.34. Falling for the fourth consecutive day, the Nifty edged lower by 165.15 points, or 0.70%, to end at 23,382.60.
Published – June 02, 2026 04:41 pm IST
