1. NSE BSE Pre-Market Opening Outlook – June 4, 2026
Indian benchmark indices are likely to open cautiously on Thursday, June 4, 2026, after a volatile session on June 3 that saw Sensex fall 304 points to close at 74,346 and Nifty slip 78 points to settle at 23,405. The decline was driven by aggressive profit booking in IT stocks, rising crude oil prices near $97 per barrel, and renewed US-Iran geopolitical tensions.
The RBI Monetary Policy Committee (MPC) meeting, which began on June 3, will be in focus as the rate decision is expected on June 5. SGX Nifty futures and GIFT Nifty trends will set the tone for the pre-open session at 9:00 AM.
| Index | June 3 Close | Change |
|---|---|---|
| Sensex | 74,346.17 | -303.67 (-0.41%) |
| Nifty 50 | 23,405.60 | -77.95 (-0.33%) |
| Bank Nifty | 54,185.95 | +471.30 (+0.88%) |
2. FII / DII Activity
Foreign Institutional Investors (FIIs) continued their selling spree on June 3, offloading approximately ₹5,617 crore in the cash segment. FPIs have sold around ₹24,109 crore in the first two days of June 2026 alone, reflecting a cautious stance driven by elevated crude oil prices and global uncertainty.
Domestic Institutional Investors (DIIs) remained net buyers, absorbing the selling pressure and providing a floor for the markets. On June 2, DIIs had bought ₹9,589 crore while FIIs sold ₹8,363 crore, indicating strong domestic support.
| Category | June 2 Net (₹ Cr) | June Trend |
|---|---|---|
| FII / FPI | -8,362.92 | Net Sellers |
| DII | +9,589.32 | Net Buyers |
3. Top Gainers & Top Losers – June 3, 2026
Banking and select auto stocks led gains on June 3, while IT heavyweights crashed under heavy profit booking after their recent AI-fuelled rally.
| Top Gainers | Change |
|---|---|
| Apollo Hospitals | +2.59% |
| Tata Motors | +2.00% |
| ONGC | +1.30% |
| Bajaj Auto | +1.20% |
| Maruti Suzuki | +0.70% |
| Top Losers | Change |
|---|---|
| TCS | -7%+ (approx) |
| Tech Mahindra | -6%+ (approx) |
| Infosys | -5%+ (approx) |
| HCL Tech | -5%+ (approx) |
| ITC | Negative |
4. Sector Performance
The Nifty IT index was the biggest sectoral loser on June 3, crashing 5.57% as traders booked profits after the sector’s sharp AI-driven rally over the previous two sessions. Banking stocks bucked the trend, with Nifty Bank gaining 471 points (+0.88%) on rotation into value-oriented financials. Realty, FMCG, and consumer durables remained under pressure due to inflation fears and rising crude oil costs.
| Sector | Performance |
|---|---|
| Nifty Bank | +0.88% |
| PSU Bank | Positive |
| Private Bank | Positive |
| Nifty IT | -5.57% |
| Nifty Realty | Negative |
| FMCG | Negative |
| Consumer Durables | Negative |
5. Commodity Watch
Crude oil remained elevated above $97 per barrel (Brent), weighing on India’s import bill outlook. MCX gold dipped around 1% on June 3 amid a stronger US dollar, trading near ₹1,54,500 per 10 grams. Silver fell sharply by over ₹2,000 to below ₹2,65,000 per kg. Spot gold internationally was trading around $4,475–$4,485 per ounce.
| Commodity | Price (June 3) | Change |
|---|---|---|
| Brent Crude Oil | ~$97/barrel | Elevated |
| WTI Crude Oil | ~$95/barrel | +1% |
| MCX Gold (10g) | ~₹1,55,549 | -1% approx |
| MCX Silver (1kg) | ~₹2,67,200 | -₹2,000+ |
| Spot Gold (Global) | ~$4,480/oz | Down |
6. Currency Watch
The Indian rupee came under pressure on June 3, weakening towards ₹95.71 against the US dollar due to rising crude oil imports demand and persistent FII outflows. A stronger dollar globally added further headwinds. Traders expect the RBI may intervene to prevent excessive depreciation ahead of the MPC decision on June 5.
| Currency Pair | Level (June 3) |
|---|---|
| USD/INR | ~₹95.71 |
| USDINR Futures (June 5) | ₹95.15 |
7. Global Market Cues
US markets hit fresh record highs on June 2, with the S&P 500 closing above 7,600 for the first time and the Dow Jones gaining 243 points to 51,322. However, on June 3, rising oil prices and US-Iran tensions pulled US futures lower. Asian markets traded mixed, reflecting the tug-of-war between AI-driven tech optimism and geopolitical risk from the Middle East.
| Market | June 2 Close | Change |
|---|---|---|
| Dow Jones | 51,322 | +243 pts (+0.47%) |
| S&P 500 | 7,604 | Record High |
| Nasdaq Composite | 27,086 | +0.42% |
8. Conclusion
Markets are expected to remain volatile on Thursday, June 4, 2026 as traders navigate a challenging combination of factors — elevated crude oil near $97, heavy FII selling, and the ongoing RBI MPC meeting. The sharp IT sell-off of over 5% on June 3 may see some stabilization, while banking stocks could continue to attract value buying. Investors should watch for the RBI rate decision on June 5 and any developments in the US-Iran situation, which directly impacts oil prices and risk appetite globally. A cautious, stock-specific approach is advisable for the near term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a SEBI-registered advisor before making investment decisions.
