The benchmark Indian equity indices, Sensex and Nifty 50, are expected to open on a muted note on Wednesday, as a marginal decline in GIFT Nifty offsets positive cues from global markets.
Investor sentiment remained cautiously optimistic as market participants largely looked beyond ongoing uncertainty surrounding the US-Iran peace negotiations. However, rising crude oil prices continue to remain a key concern for global investors.
On Tuesday, June 2, 2026, domestic equity markets ended higher, supported by broad-based buying across sectors. The NSE Nifty 50 gained 101 points, or 0.43%, to close at 23,483, while the BSE Sensex advanced 383 points, or 0.52%, to settle at 74,650.
GIFT Nifty was trading at 23,471, down 21 points or 0.09%, suggesting a muted start for the domestic benchmark indices. The slight decline comes despite positive sentiment across major global equity markets.
Asia-Pacific markets opened on a positive note as investors looked past uncertainty surrounding the US-Iran negotiations.
Japan’s Nikkei 225 rose 0.91%, while the Topix gained 0.93%. Hong Kong’s Hang Seng futures were trading at 25,853, below the previous close of the Hang Seng Index at 26,038.32. South Korean markets remained closed due to a public holiday.
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Wall Street ended marginally higher overnight, with investors maintaining a cautious stance amid geopolitical developments.
The S&P 500 gained 0.13% to close at 7,609.78. The Dow Jones Industrial Average rose 228.91 points, or 0.45%, to finish at 51,307.79, while the Nasdaq Composite edged up 0.03% to settle at 27,093.90.
Meanwhile, futures linked to major US indices remained largely unchanged. S&P 500 futures and Nasdaq 100 futures traded near flat levels, while Dow Jones futures added around 2 points.
Crude oil prices moved higher amid continued geopolitical uncertainty.
West Texas Intermediate (WTI) crude futures climbed approximately 1.25% to $94.92 per barrel. Brent crude futures rose 1.13% to trade at $97.08 per barrel, while COMEX crude prices advanced 1.24% to $94.92 per barrel.
The rise in oil prices is likely to remain in focus for investors, given its potential impact on inflation and India's import bill.
Foreign Institutional Investors (FIIs) remained net sellers in the cash market on June 2, 2026, offloading equities worth ₹8,362.92 crore.
Domestic Institutional Investors (DIIs), however, continued to provide support to the markets and were net buyers of equities worth ₹9,589.32 crore during the session.
The US Dollar Index (DXY), which measures the performance of the US dollar against a basket of six major currencies, was trading 0.02% higher at 99.24.
The Indian rupee weakened against the US dollar and depreciated 0.28% to close at 95.27 on June 2. Currency market participants will continue to monitor global developments and crude oil prices for further direction.
Indian markets are likely to witness a cautious start despite positive global market performance. Investors will closely monitor developments surrounding US-Iran negotiations, movements in crude oil prices, institutional fund flows and currency trends for further market direction throughout the trading session.
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Published on: Jun 3, 2026, 8:32 AM IST
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