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Stock Market Highlights Today: BSE Sensex ends flat, Nifty50 reclaims 23,400; crude oil prices drop

Stock Market Highlights Today: BSE Sensex and Nifty50 are expected to remain volatile with range-bound trading in the coming sessi...

The Times of India | Jun 04, 2026, 15:54:52 IST

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15:54 (IST), Jun, 04

Sensex Today Live: Top 10 losers on BSE Sensex today

1. Infosys: Current Price 1,201 | Price Change -21.30 (-) | -1.75% (-)
2. Bajaj Finserv: Current Price 1,710 | Price Change -24.61 (-) | -1.42% (-)
3. UltraTech Cem.: Current Price 10,997 | Price Change -104.00 (-) | -0.94% (-)
4. HCL Tech: Current Price 1,168 | Price Change -10.71 (-) | -0.91% (-)
5. RIL: Current Price 1,304 | Price Change -9.50 (-) | -0.73% (-)
6. Adani Ports SEZ: Current Price 1,791 | Price Change -12.90 (-) | -0.72% (-)
7. Tata Steel: Current Price 210.57 | Price Change -1.32 (-) | -0.63% (-)
8. HUL: Current Price 2,079 | Price Change -11.20 (-) | -0.54% (-)
9. Sun Pharma: Current Price 1,780 | Price Change -8.41 (-) | -0.47% (-)
10. L&T: Current Price 3,942 | Price Change -11.10 (-) | -0.29% (-)

15:52 (IST), Jun, 04

Sensex Today Live: Top 10 gainers on BSE Sensex today

1. Kwality Wall's: Current Price 35.62 | Price Change 5.03 (+) | 16.50% (+)
2. Titan Company: Current Price 4,231 | Price Change 142.00 (+) | 3.48% (+)
3. Eternal: Current Price 254.35 | Price Change 7.35 (+) | 2.98% (+)
4. ITC: Current Price 280.30 | Price Change 3.31 (+) | 1.20% (+)
5. Tech Mahindra: Current Price 1,487 | Price Change 15.00 (+) | 1.02% (+)
6. SBI: Current Price 979.25 | Price Change 8.80 (+) | 0.91% (+)
7. BEL: Current Price 409.90 | Price Change 3.30 (+) | 0.82% (+)
8. ICICI Bank: Current Price 1,252 | Price Change 9.71 (+) | 0.79% (+)
9. M&M: Current Price 3,016 | Price Change 5.00 (+) | 0.17% (+)
10. Maruti Suzuki: Current Price 13,064 | Price Change 20.00 (+) | 0.16% (+)

15:50 (IST), Jun, 04

Stock Market Live Today: Rupee trades weaker

"Rupee traded marginally weaker by around 0.10% near 95.77, as markets remained cautious ahead of the RBI policy decision tomorrow. With India's import bill under pressure from elevated commodity prices and continued FII outflows, participants will closely monitor the Governor’s commentary for cues on inflation, currency stability, and future policy direction. Near-term rupee range is expected between 95.25–96.25,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

15:49 (IST), Jun, 04

Nifty Today Live: Bank Nifty indicates a positive undertone

"Today's price action in Bank Nifty indicates a positive undertone as the index formed a bullish green candlestick on the daily chart, reflecting buying interest near the lower end of its consolidation range. However, the index witnessed selling pressure around its 50-day SMA, keeping the broader trend range-bound. A decisive close above 55,200 is required to confirm a bullish breakout, which could trigger stronger recovery momentum. Until then, traders may expect the index to oscillate within the 53,200–54,500 range. Immediate support is placed at 53,500, while resistance stands at 54,500. With the RBI monetary policy announcement scheduled tomorrow, heightened volatility is expected in Bank Nifty,” says Vatsal Bhuva, Technical Analyst at LKP Securities.

15:46 (IST), Jun, 04

Sensex Today Live: Stock market ends flat

Stock market today: In a volatile trading session, Indian equity benchmarks ended flat, though in green. Nifty50 closed the day at 23,416.55, up 11 points or 0.047%. BSE Sensex ended at 74,360.01, up 14 points or 0.019%.

14:30 (IST), Jun, 04

Sensex Today Live: Physicswallah shares rally

Shares of edtech company Physicswallah surged 18% on Thursday, resulting in an increase of nearly Rs 5,000 crore in the company's market value within a single trading session. The rally followed the recently listed firm's decision to overhaul its lending model.

The stock climbed close to 18% on the NSE to trade at Rs 108.44 per share. With the sharp rise, Physicswallah's market capitalisation crossed Rs 31,300 crore.

In a regulatory filing, the company announced a significant shift in its lending framework, stating that it has entered into partnerships with several leading regulated non-banking financial companies (NBFCs) to cater to students' financing requirements. The company said this marks a departure from its previous strategy and is expected to substantially lower balance-sheet exposure and credit-related risks.

Physicswallah said it will continue to function as a technology-driven platform that connects its students with a carefully selected network of regulated lending partners. These partnerships will be aligned with students' educational journeys and academic outcomes. The company added that the revised model would help strengthen affordability and accessibility while making the ecosystem more scalable, resilient, and capable of reaching a wider student base.

The development follows the company's announcement in late May regarding an equity infusion of approximately Rs 120 crore into its wholly owned subsidiary, FinZ Finance. Following that announcement, the stock had fallen nearly 18% over five trading sessions.

The company further stated that the future strategic direction of FinZ Finance will be determined shortly, subject to approvals from its board and relevant regulatory authorities.

12:09 (IST), Jun, 04

Sensex Today Live: SBI Securities Mid-Market Index View

The frontline indices recovered from significant downwards gap to test their previous day's highs. This is the third consecutive session markets have witnessed a recovery from 23250-23150 zone.

Banking stocks continue to relatively outperform ahead of the RBI monetary policy scheduled tomorrow.

Coming to Nifty, the zone of 23300-23320 will act as a crucial support for the index while the resistance lies in the zone of 23550-23570.

On the downside, if the index slips below the level of 23300 then the next support is placed in the zone of 23200-23150

In an event of a surge above 23570, the index can experience an extension of the rally towards 23770.

On the options front, meaningful call writing witnessed across 23500 & 23600 strikes. On the put side, 23400 has a substantial open interest, followed by 23300 strike.

Nifty's Advance Decline Ratio is at 25:25.

Speaking of Sensex levels, support is at 74,000 while resistance is at 74,800.

11:06 (IST), Jun, 04

Sensex Today Live: Markets trade flat

Stock market today: Nifty50 and BSE Sensex recovered most of the opening losses to trade fast in trade around 11:00 AM. At 11:05 AM, Nifty50 was trading at 23,402.50, down 3 points or 0.013%. BSE Sensex was at 74,320.36, down 26 points or 0.035%.

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09:52 (IST), Jun, 04

Nifty Today Live: Technical setup remains weak

“Overall, the technical setup remains weak with benchmark indices trading below key moving averages, momentum indicators turning negative, and volatility rising. Unless Nifty manages to hold above 23,150 and reclaim the 23,700 zone, bears are likely to maintain control in the near term, keeping market sentiment cautious and volatile, says Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.

09:32 (IST), Jun, 04

Sensex Today Live: ‘Headwinds are stronger for the market than tailwinds’

"In the near-term, headwinds are stronger for the market than tailwinds. The continuing uncertainty in West Asia and the big and sustained FPI selling are the strong headwinds which are weighing on the market. In the absence of any resolution of the West Asia crisis, there is no scope for a healthy rally in the market. The bullish undertone of the booming markets in US, Japan, South Korea and Taiwan suggests more FPI selling in India.

The aggressive short positions of the FPIs in the derivatives market indicate further potential downside unless there is an unexpected resolution to the West Asia crisis bringing crude prices down. But the renewed clashes in Lebanon and the intermittent exchange of fire between US and Iran indicate no immediate resolution of the crisis.

Trading in this volatile market amidst huge uncertainty would be extremely risky. The ideal strategy in this situation is to wait and watch. Meanwhile market weakness will offer buying opportunities in high quality stocks under temporary pressure from FPI selling. Long-term investors can buy such stocks which have a good risk-reward construct now. For instance, the beaten down leading banks staged a recovery yesterday. Pharmaceuticals which are weak now have the potential to stage a comeback. Auto and auto ancillaries look good for the long-term,” says VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

09:25 (IST), Jun, 04

Nifty Today Live: Nifty Outlook

The swing higher that unfolded after stretching towards our first downside objective of 23126 ended up without breaching the upside marker of 23500. This dismisses yesterday’s moves as a consolidation, rather than a reversal. Hence, we remain stuck in a range of 23126-23500, with 22800-23700 seen as the larger range. Within this construct, we see 23350 as the key pivot for the day, says Anand James, Chief Market Strategist, Geojit Investments Limited.

09:18 (IST), Jun, 04

Sensex Today Live: Stock market opens in red

Stock market today: Nifty50 and BSE Sensex opened in red on Thursday on weak global cues. At 9:17 AM, Nifty50 was trading at 23,322.70, down 83 points or 0.35%. BSE Sensex was at 73,890.34, down 456 points or 0.62%.

08:16 (IST), Jun, 04

Nifty Today Live: Bajaj Broking Bank Nifty Outlook

Index in the daily chart formed a second consecutive bullish candle with a lower low and a higher high highlighting pullback from the key support area amid stock specific action. Index is likely to extend consolidation in the range of 52,500-55,000 only a breakout or breakdown will signal directional moment in the index.

Index has key support placed at 52,700-52,500 being the confluence of the lower band of the 8th April bullish gap area and the 61.8% retracement of the previous pullback (49955-57456). On the higher side resistance is placed at 54,600-55,000 levels being the confluence of current week high and 20 days EMA.

08:16 (IST), Jun, 04

Sensex Today Live: Volatile sessions ahead?

Markets are likely to remain volatile in the near term amid escalating tensions in West Asia, which continue to keep crude oil prices elevated and triggering persistent Foreign Institutional Investor outflows. Investor sentiment is expected to remain cautious as the lack of meaningful progress in the ongoing US-Iran negotiations continues to fuel concerns over global energy supplies, inflationary pressures and broader macroeconomic stability. After witnessing a brief recovery in the previous session, the Nifty resumed its downward trend and fell as much as 1.2% on Wednesday amid persistent geopolitical tensions in West Asia, concerns over elevated crude oil prices and persistent FIIs outflows. However, value buying at lower levels helped the index recover most of its losses and close 0.3% lower at 23,405. Broader markets remained weak, with the Midcap100 and Smallcap100 indices declining 0.4% and 0.1% respectively. The prevailing uncertainty has kept Foreign Institutional Investor outflows persistent, with FIIs selling equities worth ₹12,274.6 crore over the past two trading sessions, reflecting heightened risk aversion and a cautious stance toward emerging markets.

Adding to the pressure, the Indian rupee remained weak at 95.6 against the US dollar amid concerns over inflation and the broader macroeconomic outlook. On the sectoral front, IT stocks came under sharp selling pressure, with the Nifty IT index declining 5.5%, snapping a three-session rally of nearly 8%. Heavyweights such as Infosys, TCS, Tech Mahindra and HCL Tech fell up to 9% amid profit booking. Reflecting the broader risk-off sentiment, India VIX surged 6.2%, indicating heightened investor uncertainty and expectations of increased market volatility in the near term. RBI’s Monetary Policy Committee meeting commenced on Wednesday, with the policy outcome scheduled to be announced on Friday. While markets largely expect the RBI to maintain the repo rate at current levels, elevated crude oil prices, rupee weakness and inflationary risks have also led to discussions around the possibility of a more cautious stance or a delay in any future rate-cut expectations.

Providing some support to the domestic growth outlook, India’s Services Purchasing Managers' Index (PMI) climbed to a six-month high of 61.2 in May from 58.7 in April, driven by strong domestic demand and healthy business activity. Meanwhile, global trade-related concerns have resurfaced after the US proposed an additional tariff of up to 12.5% on imports from 54 countries, including India, citing inadequate measures to prevent the import of goods produced using forced labour. While the proposal remains under review, adding another layer of uncertainty for export-oriented sectors and keeps the spotlight on ongoing India-US trade negotiations. Going ahead, the recent declining market highlights the increasing sensitivity of domestic equities to geopolitical developments, with investors closely tracking energy prices, ongoing US-Iran negotiations, Foreign Institutional Investor flows, movements in the rupee for further direction and the decisions of RBI’s Monetary Policy Committee meeting, says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

08:16 (IST), Jun, 04

Stock Market Live Today: Oil prices drop

Oil prices moved lower on Thursday after Lebanon and Israel agreed to implement a ceasefire, raising hopes that diplomatic efforts could eventually pave the way for a wider settlement involving Iran and help ease tensions across the region. Sentiment was also influenced by developments in Washington, where the US House of Representatives approved a measure aimed at limiting President Donald Trump's authority to continue military action against Iran.

By 0015 GMT, Brent crude futures had declined 67 cents, or 0.69%, to $97.14 a barrel. US benchmark West Texas Intermediate (WTI) crude was down 62 cents, or 0.65%, at $95.40 per barrel.

The pullback followed a strong rally in the previous two sessions. On Wednesday, both oil benchmarks advanced around 2%, building on earlier gains triggered by renewed conflict in the Middle East, including Iranian attacks on Kuwait and US military operations near the Strait of Hormuz.

08:16 (IST), Jun, 04

Stock Market Live Today: IT stocks fell on Wednesday

IT stocks suffered a sharp reversal on Wednesday, ending a three-session rally with their steepest one-day decline in nearly four months. Fresh concerns about the growing influence of artificial intelligence and its potential impact on the traditional IT services business resurfaced, derailing what had appeared to be an early recovery from prolonged weakness in the sector.

The Nifty IT index plunged 5.6%, emerging as the biggest drag on the broader market and contributing significantly to the Nifty's decline of as much as 1.4% during the session. The selloff unfolded against a backdrop of heightened market volatility, with investor sentiment swinging in response to developments related to peace efforts and geopolitical tensions in West Asia.

According to Ajit Mishra, Senior Vice President – Research at Religare Broking, the combination of steep losses and heavy trading volumes indicated intense pressure on the sector. He noted that uncertainty surrounding the outlook for IT companies prompted traders to aggressively unwind positions.
Every constituent of the Nifty IT index ended the day in negative territory. Tata Consultancy Services, which remains the most valuable company within the Tata Group, dropped 8.3%. Persistent Systems declined 7.1%, while LTIMindtree, Coforge and Tech Mahindra each fell around 6.5%. HCL Technologies lost 5.3%, and Mphasis ended 4.5% lower.

Mishra described the gains seen over the previous three sessions as resembling a "dead-cat bounce" — a temporary recovery within a broader downtrend. The concern, he suggested, stems from growing doubts about the long-term revenue prospects of the labour-intensive IT services industry as companies struggle to articulate a clear growth path in an era increasingly shaped by artificial intelligence.

Before Wednesday's correction, the Nifty IT index had climbed 7.6% over three sessions, even as the benchmark Nifty had fallen 1.7% during the same period. The latest decline effectively wiped out most of the sector's previous day's advance, which had marked its strongest single-session gain in a year.

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08:16 (IST), Jun, 04

Nifty Today Live: Bajaj Broking Nifty Outlook

The index in the daily chart formed a doji candle with a long lower shadow highlighting buying demand at lower levels around the key support area of 23,200-23,000. Going ahead, index is likely to consolidate in the range of 23,000-23,550. Only a move above Tuesday high 23,556 will open upside towards the resistance area of 23,750-23,800 levels.

Nifty has key support in the range of 23,200-23,000 being the confluence of the lower band of the 8th April bullish gap area, lower band of recent consolidation and the 61.8% retracement of the previous pullback (22,182-24,601). On the higher side 23,750-23,800 is expected to act as resistance being the confluence of the current week high and 20 days EMA.

Stock Market Highlights Today: Asian equities traded lower, tracking weakness in US equity futures after a disappointing outlook from Broadcom and fresh hostilities involving the US and Iran dampened investor sentiment.

Wall Street ended lower on Wednesday as rising tensions in the Middle East and higher oil prices revived concerns about inflation, prompting investors to lock in profits after recent record highs.

The US dollar remained close to a two-month high on Thursday. Escalating tensions in the Gulf supported crude oil prices and reduced risk appetite across markets, while the Japanese yen hovered near the closely watched 160-per-dollar level, keeping traders alert for possible intervention.

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)

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