The Indian stock market ended Monday’s session on June 1 with sharp losses, as benchmark indices retreated from the day’s highs amid intensified selling in FMCG, financial, and auto stocks. Weak global cues, along with persistent selling by foreign portfolio investors (FPIs), also weighed on market sentiment.
The Nifty 50 declined 0.74% to settle at 23,373, while the Sensex ended 0.74% lower at 74,226. The broader markets mirrored the weak trend, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices closing lower by 1.53% and 1%, respectively.
Among sectoral performers, the Nifty FMCG index fell 2.45%, while the Nifty Realty index dropped 2%. Other sectors, including Nifty PSU Bank, Nifty Consumer Durables, Nifty Chemicals, and Nifty Private Bank, were also down more than 1% each.
On the positive side, Nifty IT emerged as the top gainer, surging 2.62%, while Nifty Media advanced 1.30%.
On the commodities front, Brent crude headed for its first daily gain in four sessions. The benchmark crude price rose 3.5% to trade above $94 per barrel, as uncertainty persisted over whether the US and Iran were making progress toward a lasting ceasefire agreement and the resumption of oil flows through the Strait of Hormuz.
