The Nifty 50 rose 100.95 points, or 0.43%, to close at 23,483.55, while the BSE Sensex gained 382.50 points, or 0.52%, to settle at 74,649.84.
The broader market showed modest gains with the Nifty MidCap index up 0.18% and the Nifty SmallCap index rising 0.40%.
Impact On The Stock Market
Sector-wise, performance was led by:
Nifty IT, which saw robust gains driven by TCS, Infosys, and HCL Technologies
Nifty Consumer Durable, Nifty Auto, and Nifty FMCG also outperformed
Nifty Pharma and Nifty Healthcare underperformed, reflecting selective sector rotation
| Sector/Index | Performance |
| IT & BPM sector | 4.23% |
| Healthcare sector | -0.52% |
| Oil & Gas sector | -0.18% |
| Real estate sector | 0.67% |
| PSU Bank in India | 0.55% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| TCS | 2,446.90 | 6.51 |
| Infosys | 1,270.80 | 5.68 |
| HCL Tech | 1,243.50 | 4.05 |
| Adani Enterprise | 2,968.10 | 2.02 |
| Tech Mahindra | 1,571.40 | 1.83 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| NTPC | 367.40 | -2.98 |
| Axis Bank | 1,251.10 | -1.94 |
| Power Grid Corporation | 282.15 | -1.40 |
| Dr Reddys Labs | 1,274.00 | -1.27 |
| HDFC Life | 579.90 | -1.13 |
Market aftermath: Impact on stocks
FMCG and Auto stocks recover on monsoon forecast
FMCG and automobile stocks reversed recent losses after the India Meteorological Department (IMD) forecasted the southwest monsoon to reach Kerala and Tamil Nadu around June 4. United Breweries led FMCG gains with a 2.87% rise. Other notable performers included Varun Beverages, United Spirits, ITC, and Tata Consumer Products, which advanced 1–2%.
The Nifty FMCG index closed 0.76% higher, while the Nifty Auto index rose 0.72%, led by Exide Industries up 3.5%. Other auto stocks such as Samvardhana Motherson International, Tata Motors Passenger Vehicles, Mahindra & Mahindra, and Hero MotoCorp advanced 1–2%.
NRI investments surge in GIFT City funds
Diaspora-linked fund allocations managing NRI and OCI capital reached $747.27 million in Q4 FY26, up 18.59% QoQ. Investors are increasingly using GIFT City’s dollar-denominated mutual fund structures to mitigate currency risk while staying invested in India.
Retail participation also surged, with active investors in registered fund schemes rising 177.5% in 90 days, highlighting the appeal of tax-free yields and strong offshore investment options.
IT stocks rally with TCS and Infosys leading
TCS and Infosys extended their rally, with TCS gaining 6.69% and Infosys up 5.61% in a single session. The Nifty IT index rose 4.23%, its largest single-day gain in 2026, and has advanced 7.5% over the last three sessions.
Gains were backed by strong volumes, recovering momentum indicators, and optimism following positive results from US cloud software companies like Snowflake. Other IT stocks such as Coforge, Mphasis, and HCLTech gained 4–5%.
Crude oil trends
Crude oil futures edged lower despite ongoing US-Iran ceasefire uncertainty:
- August Brent crude: $94.29 (-0.73%)
- July WTI crude: $91.37 (-0.86%)
- June MCX crude: ₹8,714 (-0.25%)
- July MCX crude: ₹8,480 (-0.66%)
While global tensions continue to affect oil markets, the mixed signals from US-Iran negotiations and regional chokepoint risks are keeping prices volatile. Additionally, Russian export restrictions and Middle East supply concerns contributed to cautious trading.
Conclusion
Indian markets closed higher on Tuesday, supported by gains in IT, metals, and FMCG stocks. Positive cues from the incoming monsoon, NRI inflows into GIFT City funds, and anticipation around the US-India trade deal helped offset geopolitical concerns and crude oil volatility. Investors remain focused on sector-specific developments, trade negotiations, and macroeconomic indicators to gauge near-term market direction.
