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EQUITY
Post Session: Quick Review
Jun-04-2026

Indian equity benchmarks ended flat with positive bias on Thursday ahead of the Reserve Bank of India’s (RBI’s) monetary policy committee meet outcome on June 05, 2026. Markets made a negative start and witnessed volatility throughout the session as investors remained cautious amid ongoing uncertainty in West Asia and persistent foreign fund outflows. Finally, markets managed to close marginally higher. 

Some of the important factors in trade:

India emerges as world's most trusted investment destination: Sentiment remained upbeat as Union Minister of Commerce and Industry Piyush Goyal stated that India has emerged as the world's most trusted investment destination and outlined the Government's ongoing efforts to strengthen manufacturing, ease of doing business, infrastructure, technology adoption, and global trade engagement.

India’s real GDP to grow by 6.3% in FY27, 6.4% in FY28: Traders took a note of the Organisation for Economic Co-operation and Development’s (OECD) report stating that India’s real Gross Domestic Product (GDP) is projected to grow by 6.3% during the fiscal year 2026-27 (FY27) and by 6.4% in FY28. 

India's economic activity continues to show remarkable resilience: Traders took some support with Reserve Bank of India (RBI) Deputy Governor Swaminathan J stating that India's economic activity continues to show remarkable resilience, driven by strong industrial and services activity, broad-based demand, and improving corporate performance, despite rising global uncertainty.

On the global front: European markets are trading mostly in green, after Israel and Lebanon agreed to renew their fragile ceasefire following several days of bombardment and drone strikes. Asian markets ended mostly in red, after new attacks in the Middle East stalled the signing of a U.S.-Iran peace agreement, delaying the reopening of the Strait of Hormuz, a critical waterway for the global energy market and trade. 

The BSE Sensex ended at 74360.01, up by 13.84 points or 0.02% after trading in a range of 73807.30 and 74544.24. There were 11 stocks advancing against 18 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.94%, Capital Goods up by 1.01%, Telecom up by 0.82%, Industrials up by 0.77% and Consumer Discretionary up by 0.72%, while Metal down by 0.85%, Basic Materials down by 0.49%, IT down by 0.48%, TECK down by 0.35% and Utilities down by 0.01% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Titan Company up by 3.43%, Eternal up by 2.91%, ITC up by 1.21%, Tech Mahindra up by 0.95% and SBI up by 0.89%. On the flip side, Infosys down by 1.76%, Bajaj Finserv down by 1.13%, Ultratech Cement down by 0.96%, HCL Tech down by 0.85% and Adani Ports and Special Economic Zone down by 0.71% were the top losers. (Provisional)

Meanwhile, Crisil Ratings in its latest report has projected a moderation in operating margins of Indian auto component sector by 100-150 basis points to 10.5-11% this fiscal (FY27) from around 12% last year. The anticipated moderation is primarily attributed to rising input prices and elevated freight costs driven by the ongoing conflict in West Asia. According to the report, revenue growth, however, is expected to remain resilient, supported by steady demand from original equipment manufacturers (OEMs). OEM demand, which regained momentum post the goods and services tax (GST) rate reduction last year, remains steady with new model launches across passenger vehicles, infrastructure-linked commercial vehicle activity, continued premiumisation in two-wheelers and rising electric vehicle adoption across segments providing the tailwind.

Crisil Ratings further said that the aftermarket is stable, buoyed by large stock of vehicles sold in prior years. The rating agency is also expecting exports to grow 8-9% on-year, on the back of tariff corrections in the United States, the largest export market, though longer shipping routes have increased lead times.

It further noted that the West Asia conflict is reshaping supply-chain dynamics, with direct implications for working capital. Global supply-chain uncertainty is prompting manufacturers to maintain higher buffer stocks to safeguard production schedules. This is likely to increase inventory levels by 15-20 days from the current 80-85 days. The ability to stretch creditors to absorb this impact will vary, with large players better placed given their scale and bargaining power.

The CNX Nifty ended at 23416.55, up by 10.95 points or 0.05% after trading in a range of 23247.30 and 23465.30. There were 23 stocks advancing against 27 stocks declining on the index. (Provisional)

The top gainers on Nifty were Titan Company up by 3.48%, Eternal up by 2.98%, Coal India up by 1.98%, Cipla up by 1.71% and Adani Enterprises up by 1.61%. On the flip side, Infosys down by 1.74%, Bajaj Finserv down by 1.42%, Hindalco down by 1.17%, SBI Life Insurance down by 1.08% and Ultratech Cement down by 0.94% were the top losers. (Provisional)

European markets were trading mostly in green; France’s CAC rose 58.68 points or 0.72% to 8,209.10 and Germany’s DAX gained 55.06 points or 0.22% to 24,851.00, while UK’s FTSE 100 decreased 59.74 points or 0.58% to 10,272.56.

Asian markets settled mostly lower on Thursday, tracking Wall Street’s fall overnight as escalating tensions between the US and Iran, concerns over stretched valuations and shifting monetary policy expectations leading to profit taking after strong gains over the past week. Meanwhile, Israel signalled that it would continue its military operations in southern Lebanon despite a newly agreed US-brokered ceasefire with Lebanon. Japanese markets declined, with the yen hovering near the 160-per-dollar level after Bank of Japan Governor Kazuo Ueda indicated a good chance of an interest rate hike this month and Prime Minister Sanae Takaichi warned of intervention in the foreign exchange market at any time. Moreover, Seoul shares slumped due to heavy selling by foreign investors.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,057.78

-26.19

-0.64

Hang Seng

25,253.40

-379.81

-1.48

Jakarta Composite

5,839.79

-101.28

-1.73

KLSE Composite

1,683.26

10.52

0.63

Nikkei 225

67,470.69

-931.44

-1.36

Straits Times

5,067.53

-70.71

-1.38

KOSPI Composite

8,639.41

-162.08

-1.84

Taiwan Weighted

45,677.46

-781.70

-1.68
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