Domestic equity benchmarks, the BSE Sensex and NSE Nifty, snapped a four-day losing streak on Tuesday, June 2, 2026. The market recovery was primarily fueled by significant gains in information technology (IT) stocks and value buying at lower levels, despite ongoing geopolitical uncertainties.
The 30-share Sensex climbed 382.50 points, or 0.52%, to close at 74,649.84. Concurrently, the broader Nifty 50 index advanced 100.95 points, or 0.43%, settling at 23,483.55.
IT Sector Drives Gains
The information technology sector played a pivotal role in today's market uplift. The BSE IT Index surged 4.40%, closing at 30,106.93. In contrast, the BSE FMCG index saw a modest gain of 0.72%, ending at 18,024.61.
Several key IT stocks contributed significantly to the Sensex's rally. Among the top performers were:
- Tata Consultancy Services (TCS): Rose 6.66% to Rs 2451.
- Infosys: Jumped 5.35%.
- HCL Technologies: Gained 4.18%.
Other major contributors to the Sensex's upward movement included HDFC Bank and ITC. Beyond IT, Adani Ports, Tech Mahindra, and Titan Company also registered gains of 1.84%, 1.67%, and 1.56% respectively.
Market Losers
While the broader market saw gains, some stocks on the 30-pack index experienced declines. Notable losers included NTPC, Axis Bank, and Power Grid, with falls of up to 2.84%.
Market analysts attributed the turnaround to renewed investor confidence in IT stocks and strategic purchasing after recent dips, suggesting a potential shift in market sentiment.