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Indian Stock Market Update: Sensex and Nifty Show Early Gains Amid Global Positivity
Sensex Today | Stock Market Live: Sensex, Nifty trade higher at pre-open; IndiGo, NMDC, Glenmark Pharma, Inox Wind in focus
Image: Moneycontrol
On June 1, 2026, Indian equity markets are poised for a positive opening, with the Nifty 50 showing resilience despite recent volatility. Key stocks in focus include InterGlobe Aviation and NMDC, while global markets provide supportive cues. The rupee strengthens against the dollar amid mixed geopolitical conditions.
- 01The Nifty 50 closed down 1.5% on May 29, driven by profit-booking and MSCI rebalancing.
- 02The Indian rupee opened at 94.97 per dollar, showing improvement from the previous close.
- 03The government has reduced windfall taxes on fuel exports, cutting the levy on petrol to ₹1.5 per litre.
- 04InterGlobe Aviation reported a Q4 loss of ₹2,536.9 crore, with a slight revenue increase of 1.3% year-on-year.
- 05Foreign institutional investors sold Indian equities worth ₹21,106 crore on May 29, marking a two-year high in sell-offs.
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On June 1, 2026, Indian equity markets are expected to open positively, buoyed by favorable global cues and a strengthening rupee. The Nifty 50, which faced a significant decline of 1.5% on May 29 due to profit-booking and MSCI rebalancing, is now showing signs of recovery. Key stocks in focus include InterGlobe Aviation, which reported a substantial Q4 loss of ₹2,536.9 crore, and NMDC. The government has also halved windfall taxes on petrol and diesel exports, which may positively impact market sentiment. Despite recent volatility, Asian markets are trading higher, with Japan's Nikkei and South Korea's KOSPI reaching record highs. Investors are advised to monitor crude oil prices and geopolitical developments, particularly regarding US-Iran negotiations, which could influence market dynamics.
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The reduction in windfall taxes on fuel exports may lead to increased profitability for oil companies, potentially impacting stock prices positively.
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