- Sensex and Nifty close higher: The Sensex and Nifty closed higher on June 2, with the Sensex rising 211.79 points or 0.42% to 53,290.84, and the Nifty rising 64.15 points or 0.35% to 18,534.10.
- Auto, realty, and metal stocks gain: Auto, realty, and metal stocks were among the top gainers on the Sensex and Nifty. Maruti Suzuki, Tata Motors, and HDFC Bank were the top gainers on the Sensex, while Sobha Developers, Godrej Properties, and Hindalco Industries were the top gainers on the Nifty.
- Banking stocks underperform: Banking stocks underperformed on the Sensex and Nifty. Axis Bank, ICICI Bank, and State Bank of India were the top losers on the Sensex, while IndusInd Bank, Kotak Mahindra Bank, and HDFC Bank were the top losers on the Nifty.
- FIIs net sellers: Foreign institutional investors (FIIs) were net sellers on the Indian stock market on June 2. FIIs sold shares worth Rs 1,129.46 crore on the NSE.
Here are some of the factors that are likely to influence the Indian stock market in the near future:
- Interest rate hike: The Reserve Bank of India (RBI) is expected to hike interest rates in the near future to control inflation. This could lead to a sell-off in the stock market.
- Global economic slowdown: The global economy is slowing down, which could impact the Indian stock market.
- Geopolitical tensions: Geopolitical tensions, such as the war in Ukraine, could also impact the Indian stock market.
Overall, the Indian stock market is expected to remain volatile in the near future. Investors should carefully consider all the factors before making any investment decisions