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Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points

admin — Tue, 02 Jun 2026 11:11:00 +0000

Image used for representational purposes only.
| Photo Credit: Reuters

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

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Sensex jumps 440 points in early trade tracking firm global peers

admin — Fri, 20 Sep 2024 05:02:15 +0000

People walk past the Bombay Stock Exchange (BSE) building in Mumbai.
| Photo Credit: REUTERS

Domestic equity indices Sensex and Nifty climbed in early trade on Friday (September 20, 2024) tracking a rally in global markets after the US Federal Reserve cut its benchmark interest rate after more than four years.

The 30-share BSE Sensex jumped 439.75 points to 83,624.55 in early trade. The NSE Nifty climbed 132.05 points to 25,547.85.

From the 30 Sensex firms, JSW Steel, Tata Steel, Mahindra & Mahindra, Larsen & Toubro, Bajaj Finserv and Maruti were the biggest gainers.

NTPC, Titan, Tata Motors, Asian Paints, Tech Mahindra and Axis Bank were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong were trading in the green while Shanghai traded lower.

The US markets ended remarkably higher on Thursday.

“The Dow and S&P 500 setting yet another record highs yesterday is indicative of the strength of this ongoing global bull run led by the mother market US,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

The BSE benchmark Sensex climbed 236.57 points or 0.29 per cent to settle at a lifetime high of 83,184.80 on Thursday. During the day, it jumped 825.38 points or 0.99 per cent to scale a new all-time intra-day high of 83,773.61.

The Nifty gained 38.25 points or 0.15 per cent to 25,415.80. During the day, it surged 234.4 points or 0.92 per cent to hit a fresh intra-day peak of 25,611.95.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,547.53 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude dipped 0.17 per cent to USD 74.75 a barrel.

Published – September 20, 2024 10:32 am IST

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Sensex climbs 145 points in early trade after two days of decline

admin — Wed, 14 Aug 2024 04:59:12 +0000

Equity benchmark indices began the trade on an optimistic note on Wednesday (August 14, 2024) after two days of plunge, tracking a rally in the US markets, amid hopes of rates cut by the Fed in September.

The 30-share BSE Sensex climbed 144.92 points to 79,100.95 in early trade. The NSE Nifty went up 57.5 points to 24,196.50.

From the 30 Sensex firms, HCL Technologies, Mahindra & Mahindra, Tech Mahindra, Tata Motors, State Bank of India and NTPC were the biggest gainers.

UltraTech Cement, ICICI Bank, Adani Ports and Hindustan Unilever were among the laggards.

In Asian markets, Seoul and Tokyo were trading higher while Shanghai and Hong Kong quoted lower.

The US markets ended significantly higher on Tuesday.

“The PPI (Producer Price Inflation) numbers from the US indicate softening of inflation, and a confirmation of this declining trend is likely from the CPI numbers coming today. The US market moved up yesterday in anticipation of this and a rate cut by the Fed in September,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,107.17 crore on August 13. 204, according to exchange data, while Domestic Institutional Investors (DIIs) bought equities worth ₹1,239.96 crore.

Global oil benchmark Brent crude climbed 0.61 per cent to USD 81.18 a barrel.

The BSE benchmark tumbled 692.89 points or 0.87 per cent to settle at 78,956.03 on Tuesday. The NSE Nifty slumped 208 points or 0.85 per cent to 24,139.

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Sensex, Nifty witness volatile trends in early trade

admin — Thu, 22 Feb 2024 05:25:06 +0000

Bombay Stock Exchange (BSE) building in Mumbai
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty witnessed a volatile movement in early trade on Thursday, amid mixed trends in the global markets.

After opening on a sluggish note, Sensex turned positive and rose 7.58 points or 0.01% to 72,630.67 points. But the 30-share benchmark soon reversed the momentum and fell sharply by 381.94 points or 0.53% to 72,241.15 points.

The broader Nifty also showed some resistance initially but gave in to the selling pressure and declined 148.40 points or 0.67% to 21,906.65 points.

Deepak Jasani, Head of Retail Research at HDFC Securities, said Asian equities rose in a sign of fresh momentum in global equities after Nvidia Corp unveiled a better-than-expected revenue forecast.

Nvidia Corp’s solid results and outlook bolstered confidence in the artificial intelligence frenzy that has powered the stock market resurgence, he added.

On Wednesday, US stocks finished mostly higher while European shares ended on a mixed note.

Minutes of the US Federal Reserve’s January meeting showed most policymakers were concerned about the risks of cutting interest rates early.

On Wednesday, Sensex and Nifty snapped their six-day winning streak. While Sensex fell 434.31 points to close at 72,623.09 points, Nifty declined 141.90 points to end the day at 22,055.05 points.

Foreign Institutional Investors (FIIs) were net buyers on Wednesday as they purchased securities worth ₹284.66 crore.

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