The Indian stock market opened on a positive note on June 1, 2026, with the BSE Sensex rising nearly 600 points to reach 75,367, reflecting a 0.8% gain. The NSE Nifty also saw a significant increase of 185 points, trading at 23,733, marking a 0.78% rise. This upward momentum was largely driven by robust buying in IT stocks, with the Nifty IT index emerging as the top sectoral performer, gaining 2%. Other sectors such as media, chemicals, and metals also recorded gains, while FMCG stocks faced challenges, leading to a 0.57% decline in the Nifty FMCG index. Key losers included Hindustan Unilever and Mahindra and Mahindra, which fell by 1.35% and 0.95%, respectively. Technical analysts suggest that the immediate support for Nifty is around 23,400–23,250, with resistance at 23,800–24,000. A decisive break below the support levels could lead to further bearish momentum, while sustained trading above the resistance may open pathways for recovery towards 24,300.