Indian stock markets ended flat on Thursday, June 4, 2026, as investors remained cautious ahead of the Reserve Bank of India's (RBI) monetary policy decision. The benchmark BSE Sensex managed to close with marginal gains after a volatile trading session.
Market Performance
The 30-share BSE Sensex edged up by 13.84 points, or 0.02 per cent, to settle at 74,360.01. During the day, the index witnessed significant volatility, touching a high of 74,544.24 and a low of 73,807.30, thereby fluctuating by as much as 736.94 points. The broader NSE Nifty also moved in a narrow range before closing nearly unchanged.
Factors Influencing the Market
Market participants were largely focused on the RBI's upcoming policy announcement, which is expected to provide cues on interest rates and economic growth. The uncertainty surrounding the policy decision kept buying interest subdued, while profit-booking at higher levels capped any significant upside.
Additionally, global cues remained mixed, with Asian markets showing a cautious trend and European indices opening on a flat note. The lack of any major domestic triggers also contributed to the lackluster session.
Sectoral Trends
Among sectoral indices, banking and financial stocks witnessed some selling pressure, while IT and pharma stocks managed to hold their ground. The auto and metal sectors also remained mixed, reflecting the overall cautious sentiment.
Analysts noted that the market is likely to remain range-bound until the RBI's policy decision is announced. The central bank is widely expected to keep interest rates unchanged, but any commentary on inflation and growth will be closely watched.
Outlook
Going forward, the direction of the market will depend on the RBI's policy stance and global developments. Investors are advised to stay cautious and focus on stock-specific actions rather than taking aggressive positions.
The broader market breadth remained negative, with more stocks declining than advancing on the BSE. The volatility index, India VIX, remained elevated, indicating uncertainty among traders.
