Stock Market Close: Sensex settles flat, Nifty ends at 23,417 ahead of RBI MPC meet outcome

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.46 per cent and 0.49 per cent higher, respectively

3:52 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Indian equity benchmarks ended Thursday’s session on a subdued note as investors adopted a cautious stance ahead of the Reserve Bank of India’s (RBI) monetary policy announcement scheduled for June 5, 2026. The Nifty and Sensex traded in a narrow range through the day, with buying interest in consumer durables, capital goods, automobiles, pharmaceuticals, banking and energy stocks providing downside support.

However, persistent weakness in information technology and metal stocks capped any meaningful upside. Notably, broader markets outperformed frontline indices, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining 0.7 per cent and 0.6 per cent, respectively, indicating selective risk appetite and stock-specific accumulation amid policy-related uncertainty. From a macro perspective, the US Dow Futures and European Indices are trading higher.

View by: Sunny Agrawal, head - fundamental research, SBI Securities.

3:38 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty 50 remained largely range-bound throughout the session and closed near the 23,400 zone. The index once again tested the 23,250–23,300 support area, where buyers emerged and prevented a deeper correction. However, the recovery lacked strong follow-through buying, indicating that market participants remain cautious ahead of key policy developments.

 

Technically, 23,500 remains the critical decision zone for the short-term trend. A decisive close above this level could improve sentiment and pave the way towards 23,600, followed by 23,800, where significant call writing and supply are visible. Beyond that, 24,000 remains the major resistance and psychological hurdle for the index.

 

On the downside, 23,300–23,350 continues to act as immediate support, followed by the stronger 23,150–23,200 demand zone, which has attracted buying interest repeatedly over the last few sessions. A breakdown below this region could trigger fresh selling pressure towards the 23,000 psychological support level, which also remains a major put base.

 

Momentum indicators continue to suggest caution. RSI (14) is currently at 41, remaining below the neutral 50 mark and reflecting the prevailing bearish undertone. While the market is attempting a range-bound recovery, a sustained move above 23,500 will be crucial to signal any meaningful improvement in the short-term trend. Until then, the broader setup remains one of consolidation with a cautious bias.

View by: Hariprasad K, research analyst and founder, Livelong Wealth.  

3:38 PM

Stock Market LIVE Updates: Sector check

Stock Market LIVE Updates: Nifty Media and Consumer Durables were among the top winners. 

3:37 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Nifty Midcap 100 and Smallcap closed higher. 

3:36 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Infosys, Bajaj Finserv and UltraTech Cement were among the top laggards. 

 

3:34 PM

Stock Market LIVE Updates: Nifty settles at 23,417

Stock Market LIVE Updates: NSE Nifty50 settled at 23,416 . 55, up 10.95 points or 0.05 per cent. 

3:33 PM

Stock Market LIVE Updates: Sensex closes at 74,360

Stock Market LIVE Updates: BSE Sensex closed at 74,360.01, up 13.84 points or 0.02 per cent. 

3:12 PM

Stock Market LIVE Updates: India's bond market likely to get a tax makover to attract foreign capital

Stock Market LIVE Updates: The Centre is reportedly preparing to scrap capital gains tax on foreign portfolio investors (FPIs) investing in government securities, a move that could significantly boost overseas participation in India's debt market while helping cushion the economy from geopolitical and currency-related shocks. Read more. 

3:00 PM

Stock Market LIVE: 3 PM market update

Stock Market LIVE: As of 3:00 PM, the Nifty50 rose 9.20 points or 0.04 per cent to 23,412.50, and the Sensex was up 29.21 points or 0.04 per cent at 74,279.65.

2:50 PM

Market News Today: GMP hints favourable sentimets for Hexagon Nutrition IPO; should you apply?

Market News Today: Early grey market trends indicate positive investor sentiment toward the initial public offering (IPO) of research-oriented pure-play nutrition company Hexagon Nutrition, which is set to open for public subscription on Friday, June 5, 2026. Read more.