Post Market Analysis | 05 June, 2026

Market spent most of the day moving sideways after the RBI kept the repo rate unchanged at 5.25%. Nifty closed slightly lower, but the reaction was fairly calm. There was no panic selling after the policy, which itself is a positive sign. Bank Nifty managed to stay in green, while Midcaps and Smallcaps saw mild weakness. Advances and declines were almost balanced, showing that the market was still stock-specific rather than broadly weak. Media stocks stood out today and saw strong buying. On the other hand, Metals, IT and Cement stocks remained under pressure. One positive development came from the currency side. USD/INR moved below 95 and closed near 94.95. After weeks of rupee weakness, this is something worth watching. Brent crude also cooled further towards $94.6, which is another positive for India. From a market structure point of view, Nifty is still stuck in a range. Neither buyers nor sellers are showing enough strength to take full control. Tomorrow, traders will closely watch the US jobs data, which is one of the most important global events this week. The data can influence bond yields, dollar movement and global market direction. For now, lower crude oil prices and a stronger rupee are helping the market. But Nifty still needs a clear breakout from this consolidation zone before we can expect a stronger directional move.