Stock market today: The Indian stock market came under intense selling pressure on Monday, 1 June, soon after opening on an upbeat note, as investors adopted a sell-on-rise approach due to lingering concerns like elevated crude prices and the lack of an outcome on the Middle East conflict.
India has also lost favour with foreign institutional investors (FIIs), which has kept the benchmark indices under pressure this year.
In today’s trade, Sensex closed at 74,267, down 508 points or 0.68%, taking its four-day losses to 2,220 points. The Nifty 50 declined by 165 points or 0.70% to settle at 23,383, losing almost 650 points in the last four trading sessions.
Investors lost ₹4.26 lakh crore today as the market capitalisation of BSE-listed companies fell to ₹460.70 lakh crore from ₹464.97 lakh crore as of Friday’s close.
The broader markets underperformed today as investors moved towards relatively better-valued opportunities in large-cap equities, seeking stability amid global uncertainties. Nifty Midcap 100 declined 1.45%, and the Nifty Smallcap 100 lost 0.88%.
