Stock market update for June 2, 2026

stock market update for June 2, 2026 (Tuesday evening) 📊 Indian Market Snapshot Index Close Change Trend Sensex 73,872 ▼ 395 pts (‑0.53%) Weak Nifty 50 23,252 ▼ 130 pts (‑0.56%) Negative Bank Nifty 49,820 ▼ 0.45% Mild pressure Midcap Index 54,210 ▼ 0.38% Mixed tone 🔥 Top News Movers $NHPC  – Down 5.4% after Govt OFS at ₹71/share (₹4,200 cr target). $OLAELEC Ola Electric – QIP issue ₹500 cr at ₹37.74/share; stock flat. $NBCC NBCC (India) – Up 2.8%; analysts maintain buy target ₹118. $EICHERMOT Eicher Motors – Sales up 15% YoY in May; stock gains 1.2%. PNC Infratech – Wins ₹194 cr Lucknow flyover project. Axis Bank – Raises stake in Max Life to 19.9%. 🌍 Global & Macro Factors Crude Oil > $84/bbl → inflation concerns. FII Outflows continue for 5th day. US–Iran talks uncertain → risk aversion. RBI Policy Meet (June 3–5) → key domestic trigger. 💡 Analyst View Short‑term: Volatility likely to persist till RBI decision. Medium‑term: Focus on midcaps with earnings visibility (NMDC, Aegis Logistics, Coforge). Sector watch: Power, Infra, Auto remain resilient.