Market Snapshot

The Indian stock market closed Tuesday’s session on June 2 with healthy gains, as the benchmark indices ended over 0.5% higher, snapping their four-day losing streak. A sharp rally in technology stocks supported the market rebound, although weakness in financial shares capped further upside. The Nifty 50 closed 0.53% higher at 23,506, while the Sensex ended the session at 74,692, up 0.57% from the previous close. Meanwhile, weakness in the domestic market, led by sustained selling by overseas investors, saw India slip to the seventh position globally in terms of equity market capitalisation, as weaker earnings growth and limited exposure to artificial intelligence-linked stocks helped South Korea move ahead.