Indian equity benchmarks made a gap-down opening on Tuesday. Investors were under pressure due to the prolonged West Asia conflicts and uncertainty surrounding efforts to reach a diplomatic resolution. Mixed cues from Asian peers also weighed on sentiments. Sensex and Nifty soon trimmed some of their opening losses and were trading lower with cut of around 0.35% each in early. Key pressure came from the foreign institutional investors (FIIs) selling stocks, as the FIIs sold Rs 3,911.68 crore worth of assets across the exchanges in a single day on June 01, as per NSE data. Some cautiousness also came as the government data showed that India’s industrial production expanded at a slower pace of 4.9% in April due to tepid growth in the energy sector amid the West Asia crisis.
On the global front, Asian markets were trading mixed as investors grappled with contrasting signals on the U.S.-Iran conflict, especially after a report late-Monday said Tehran had stopped communicating with the U.S. through mediators. But U.S. President Donald Trump claimed that talks remained ongoing and that he expected a deal in the next week. Besides, Japanese and South Korean markets fell from record highs.
The BSE Sensex is currently trading at 73974.06, down by 293.28 points or 0.39% after trading in a range of 73815.12 and 74065.32. There were 6 stocks advancing against 24 stocks declining on the index.
The few gaining sectoral indices on the BSE were IT up by 3.00%, TECK up by 1.66%, Metal up by 0.80% and Basic Materials up by 0.14%, while Power down by 1.32%, Utilities down by 1.28%, Healthcare down by 0.88%, Capital Goods down by 0.83% and Industrials down by 0.75% were the top losing indices on BSE.
The top gainers on the Sensex were Infosys up by 4.35%, TCS up by 3.71%, HCL Technologies up by 2.48%, Tech Mahindra up by 1.96% and Tata Steel up by 1.31%. On the flip side, Bajaj Finance down by 2.72%, NTPC down by 1.93%, Bajaj Finserv down by 1.72%, Power Grid down by 1.66% and Interglobe Aviation down by 1.21% were the top losers.
Meanwhile, marking a defining milestone in bilateral economic relations, Commerce and Industry Minister Piyush Goyal has said that the free trade agreement between India and Oman came into force on June 01, 2026 after completion of internal processes by both sides. The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and agri-items, as they gain preferential access to the Omani market over competitors. The free trade pact was signed on December 18, 2025 in Muscat.
To mark the entry into force, about 10 consignments of agriculture and gems and jewellery products from Mumbai, Kolkata and Chennai were shipped to the Gulf nation under the preferential tariffs. Successfully concluded through a structured negotiation process, the agreement reinforces India’s growing economic and trade footprint and strategic presence across GCC economies, encompassing goods, services, professional mobility, regulatory cooperation, non-tariff barrier safeguards, and cooperation chapters, going well beyond tariff reduction to build a long-term economic architecture.
CEPA provides duty-free access for 99.38% of India’s exports to Oman by value, covering 98.08% of Oman’s tariff lines, making it one of the most comprehensive market access outcomes secured by India in the Gulf region. All zero-duty concessions come into effect immediately providing certainty and competitiveness to Indian exporters. India has offered tariff liberalization on 77.79% of tariff lines covering 94.81% of imports from Oman by value, while maintaining strong safeguards for sensitive sectors. Oman is India’s second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure. Bilateral trade between India and Oman reached $11.18 billion in FY 2025-26, up from $10.61 billion in FY 2024-25.
The CNX Nifty is currently trading at 23301.95, down by 80.65 points or 0.34% after trading in a range of 23229.15 and 23307.15. There were 9 stocks advancing against 41 stocks declining on the index.
The top gainers on Nifty were Infosys up by 4.38%, TCS up by 3.49%, HCL Technologies up by 2.49%, Tech Mahindra up by 2.00% and Hindalco up by 1.52%. On the flip side, Bajaj Finance down by 2.82%, NTPC down by 2.23%, Coal India down by 1.82%, Power Grid down by 1.69% and Bajaj Finserv down by 1.57% were the top losers.
Asian markets were trading mixed; Nikkei 225 slipped 888.33 points or 1.35% to 66,046.00, KOSPI dropped 166.46 points or 1.93% to 8,621.92, Taiwan Weighted lost 72.48 points or 0.16% to 45,265.43 and Shanghai Composite was down by 1.5 points or 0.04% to 4,056.24. On the other hand, Hang Seng rose 351.82 points or 1.37% to 25,750.00, Jakarta Composite gained 53.65 points or 0.87% to 6,181.03 and Straits Times was up by 26.3 points or 0.52% to 5,064.16.
