Indian equity benchmarks ended lower on Wednesday, June 3, 2026, after a highly volatile trading session. The BSE Sensex declined 304 points to close at 76,468, while the NSE Nifty settled at 23,400, down 92 points.
Market Movers
The sell-off was led by banking and IT stocks, with major losers including HDFC Bank, Infosys, and TCS. On the other hand, some buying was seen in auto and pharma stocks, limiting the downside.
Sectoral Performance
Among sectoral indices, the Nifty Bank fell 0.8%, while the Nifty IT declined 1.2%. The Nifty Auto, however, managed to close in the green, up 0.3%.
Market breadth was negative, with 1,450 stocks advancing and 1,820 declining on the BSE. The volatility index, India VIX, rose 4% to 14.5, indicating increased uncertainty among traders.
Global Cues
Global markets were mixed, with Asian peers trading lower amid concerns over rising interest rates. European markets opened flat, while US futures pointed to a muted start.
Foreign institutional investors (FIIs) sold equities worth Rs 1,200 crore in the cash market, while domestic institutional investors (DIIs) bought Rs 800 crore, providing some support.
Technical View
Analysts said that the Nifty formed a bearish candle on the daily chart, suggesting weakness. The index has immediate support at 23,300, while resistance is placed at 23,550.
"The market is likely to remain range-bound in the near term, with a negative bias. Investors should adopt a stock-specific approach and avoid aggressive positions," said a market expert.
In the broader market, the BSE Midcap index fell 0.5%, while the BSE Smallcap index declined 0.3%. The overall market capitalization of BSE-listed firms dropped to Rs 400 lakh crore from Rs 402 lakh crore in the previous session.
