Domestic equity indices continued to witness weakness in late morning trading due to rising crude oil prices in the international market. Crude oil prices rose amid heightened tensions in the Middle East as Iran and Israel traded strikes, raising concerns over a fragile ceasefire and an extended conflict. Sentiment was also hurt by the rupee's decline against the US dollar. Rupee weakened by 46 paise to 95.64 against the dollar at the Inter-bank Foreign Exchange market. Besides, weakness also prevailed in markets as Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,776.25 crore on June 05, 2026. On the BSE sectoral front, traders were seen piling up positions in Healthcare, FMCG and Utilities, while selling was witnessed in Metal, Telecom, Auto, Basic Materials and Industrials.
On the global front, Asian markets were trading in the red following a sell-off in U.S. markets on Friday. Back home, in the stock specific development, EMS surged as the company emerged as lowest bidder (L-1) by UP Jal Nigam (Urban), Varanasi for construction work. The estimated order value is around Rs 102.85 crore (excluding GST).
The BSE Sensex is currently trading at 73652.13, down by 591.21 points or 0.80% after trading in a range of 73318.94 and 73787.83. There were 9 stocks advancing against 21 stocks declining on the index.
The few gaining sectoral indices on the BSE were Healthcare up by 0.71%, FMCG up by 0.21% and Utilities up by 0.15%, while Metal down by 1.58%, Telecom down by 1.51%, Auto down by 1.32%, Basic Materials down by 1.24% and Industrials down by 1.19% were the top losing indices on BSE.
The top gainers on the Sensex were Power Grid up by 1.68%, Tech Mahindra up by 1.09%, Sun Pharma up by 0.64%, Bharti Airtel up by 0.64% and ITC up by 0.55%. On the flip side, Mahindra & Mahindra down by 2.38%, Bajaj Finance down by 2.27%, Interglobe Aviation down by 2.22%, Eternal down by 2.09% and Larsen & Toubro down by 1.79% were the top losers.
Meanwhile, Rajnath Singh, the Defence Minister of India, has said that at a time when many countries are experiencing uncertainty, India continues to stand out as the world's fastest-growing major economy. Singh stated ‘India's economy grew by 7.7 per cent in FY 2025-26, with growth accelerating to 7.8 per cent in the fourth quarter, underscoring its resilience and underlying strength built over the last 12 years through the mantra of Reform, Perform and Transform.’
Moreover, he noted that under Prime Minister Narendra Modi's leadership, India has combined economic growth with stability, confidence, sustainability and credibility. He added ‘His unwavering commitment to nation-building, focus on innovation, infrastructure, and entrepreneurship, and ability to steer the country through unprecedented global challenges have transformed India into a confident, resilient, and globally respected economic power.’
Further, he said as India advances towards the goal of Viksit Bharat, this growth story continues to unlock new opportunities and strengthen the aspirations of 140 crore citizens.
The CNX Nifty is currently trading at 23183.75, down by 182.95 points or 0.78% after trading in a range of 23070.15 and 23223.45. There were 14 stocks advancing against 36 stocks declining on the index.
The top gainers on Nifty were Max Healthcare up by 2.59%, Power Grid up by 1.63%, Apollo Hospital up by 1.60%, Nestle up by 1.33% and Dr. Reddy's Lab up by 0.99%. On the flip side, Wipro down by 6.32%, Shriram Finance down by 2.50%, Bajaj Finance down by 2.40%, Interglobe Aviation down by 2.39% and Mahindra & Mahindra down by 2.38% were the top losers.
All Asian markets were trading lower; Nikkei 225 slipped 3028.12 points or 4.55% to 63,560.00, Taiwan Weighted lost 1462.14 points or 3.24% to 43,608.80, Jakarta Composite plunged 160.46 points or 2.95% to 5,434.31, Shanghai Composite weakened 94.8 points or 2.35% to 3,932.94, KOSPI dropped 618.47 points or 7.58% to 7,542.12, Hang Seng declined 452.95 points or 1.81% to 24,509.00 and Straits Times fell 84.01 points or 1.66% to 4,965.95.
