Finance
Stock Market Highlights on Tuesday, June 2, 2026: The Nifty50 and Sensex closed higher on gains in IT, metal, and consumer durable companies, as traders anticipate the first tranche of the US-India trade pact.
The Nifty50 ended 100.95 points, or 0.43 percent, higher at 23,483.55, while the Sensex closed 382.50 points, or 0.52 percent, higher at 74,649.84.
The leading gainers in the Nifty50 index were Tata Consultancy Services, Infosys, and HCL Technologies.
In the broader markets, the Nifty MidCap and Nifty SmallCap closed 0.18 percent and 0.40 percent higher, respectively.
The Nifty IT sector experienced the greatest increase. The Nifty Consumer Durable, Nifty Auto, and Nifty FMCG stocks performed well. Meanwhile, Nifty Pharma and Nifty Healthcare underperformed.
The US delegation, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will meet with the Indian counterpart in New Delhi for three days to finalize the trade accord starting Tuesday.
Because of Israel and Lebanon’s continued ceasefire violations, Iran has stated that it will suspend negotiations with the US and entirely shut the Strait of Hormuz. Tehran also stated that no negotiations would take place until Israel withdraws from Lebanon.
Meanwhile, according to press reports, US President Donald Trump remarked in an interview that he didn’t care if the discussions with Iran were over since they had become uninteresting.
Source: BS
