Finance
Stock Market Highlights on Monday, June 1, 2026: The Nifty50 and Sensex closed substantially lower as FMCG and PSU bank stocks fell, while traders considered the likelihood of a US-Iran peace accord.
The Nifty50 closed 165.15 points, or 0.70 percent, lower at 23,382.60, while the Sensex slid 508.40 points, or 0.68 percent, to 74,267.34.
The Nifty50 index’s top losers included Hindustan Unilever, Shriram Finance, and Tata Consumer Products.
In the broader markets, the Nifty MidCap and Nifty SmallCap indices fell 1.45% and 0.88%, respectively.
Sector-wise, the Nifty FMCG, Nifty PSU Bank, Nifty Auto, and Nifty Realty underperformed. The Nifty IT, Nifty Metal, and Nifty Media performed well.
In an interview with Fox News, US President Donald Trump stated that Washington is seeking a deal with Iran that would prevent Tehran from acquiring nuclear weapons. Although Trump preferred to achieve a deal quickly, he refused to speed the process.
