Indian Equity Markets Open Lower; Nifty Below 23,300 Amid Mixed Sector Performance
Barometers nudge lower; Nifty trades below 23,300 level
Business Standard
Image: Business Standard
Indian equity benchmarks opened with modest losses, with the Nifty trading below 23,300. The S&P BSE Sensex fell by 307.40 points, while healthcare and media sectors declined. Foreign portfolio investors sold shares worth ₹3,911.68 crore, contrasting with domestic institutional investors' net purchases of ₹5,109.13 crore.
- 01The S&P BSE Sensex dropped 307.40 points, or 0.41%, to 73,959.94.
- 02Foreign portfolio investors sold shares worth ₹3,911.68 crore on June 1, 2026.
- 03Domestic institutional investors purchased shares worth ₹5,109.13 crore during the same period.
- 04NMDC's iron ore production increased by 19.9% year-on-year to 5.31 million tonnes in May 2026.
- 05The rupee weakened against the dollar, trading at 95.1200.
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The Indian equity markets opened lower on June 1, 2026, with the Nifty 50 index trading below the 23,300 mark, reflecting a decline of 106.95 points or 0.43% to 23,278.30. The S&P BSE Sensex also fell by 307.40 points, or 0.41%, to reach 73,959.94. Sector performance was mixed, with healthcare, pharma, and media shares declining, while IT and metal shares saw gains. In the broader market, the BSE 150 MidCap Index and the BSE 250 SmallCap Index fell by 0.45% and 0.29%, respectively. Market breadth remained positive, with 1,464 shares rising against 1,560 shares that fell. Notably, NMDC reported a 19.9% increase in iron ore production year-on-year, while Coal India and Maruti Suzuki India experienced slight declines in their respective shares. The rupee edged lower against the dollar, trading at 95.1200, and the yield on India's 10-year benchmark federal paper rose to 7.046%.
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The decline in equity benchmarks may affect investor sentiment and trading strategies, particularly for those with exposure to healthcare and media sectors.
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