Indian stock markets opened lower today (June 2, 2026)

Indian stock markets opened lower today (June 2, 2026), with the Sensex down nearly 400 points and Nifty50 slipping below 23,300 amid high crude oil prices, persistent foreign investor selling, and global uncertainty over US–Iran peace talks. Key stocks in focus include NHPC, Ola Electric, ACME Solar, Maruti Suzuki, and NBCC (India). 📉 Market Overview (June 2, 2026) Sensex: Opened at 73,872.25, down 395 points (-0.53%). Nifty50: Trading at 23,252.25, down 130 points (-0.56%). Trend: Negative bias due to FII outflows, high crude oil prices, and geopolitical tensions. 🔑 Stocks in Focus $NHPC : Government launched an Offer-for-Sale (OFS) to divest up to 6% stake at ₹71/share (7.8% discount). Retail bidding opens tomorrow. $OLAELEC : Initiated a Qualified Institutional Placement (QIP) to raise ₹500 crore at a floor price of ₹37.74/share. ACME Solar: Opened QIP issue to raise ₹2,500 crore at ₹294.13/share. Anant Raj: Signed MoU with Haryana govt for ₹20,000 crore data centre expansion, creating ~6,000 jobs. Equitas SFB: RBI approved Mirae Asset MF acquiring up to 9% stake. PNC Infratech: Won ₹194 crore flyover project in Lucknow. !WIPRO : Acquiring 20% more stake in Aggne Global Inc for ₹271 crore. Axis Bank: Raised stake in Axis Max Life Insurance to 19.9%. Eicher Motors: Reported 15% YoY sales growth in May (1,03,231 units). 📊 Expert Recommendations NBCC (India): Analysts see bullish momentum; buy at ₹104 with target ₹118, stop-loss ₹96. Other picks (short-term): Aegis Logistics, CG Power, NMDC, IGL, Coforge, Tech Mahindra, and National Aluminium Company recommended by experts for 1–2 weeks. ⚠️ Risks & Market Drivers Global crude oil prices remain elevated, pressuring inflation and GDP growth outlook. US–Iran peace talks uncertainty continues to weigh on sentiment. FII selling persists, dragging indices lower. RBI Monetary Policy Meeting (June 3–5) will be a key domestic trigger for direction.