SGX Nifty Indicates Positive Start; Indian Market Ends Volatile Session with Moderate Gains

SGX Nifty Indicates Positive Start; Indian Market Ends Volatile Session with Moderate Gains

On June 2, the Indian market rebounded from a two-day losing streak and closed with moderate gains in a highly volatile session. According to trends on SGX Nifty, the broader index in India is expected to have a positive start, indicating a gain of 86.50 points or 0.46 percent.

At the close of the trading day, the Sensex, the benchmark index, was up by 118.57 points or 0.19 percent, reaching 62,547.11. Similarly, the Nifty, another key index, recorded a gain of 46.30 points or 0.25 percent, settling at 18,534.10.

For the week, both benchmarks ended relatively flat, with the Sensex adding 45.42 points and the Nifty rising 34.75 points.

Among the top gainers on the Nifty were Hindalco Industries, Apollo Hospitals, Hero MotoCorp, Tata Steel, and JSW Steel. On the other hand, Adani Enterprises, Infosys, BPCL, HDFC Life, and TCS were among the losers.

In terms of sectors, realty, auto, and metal sectors experienced gains of around 1 percent each, while the IT and oil & gas sectors witnessed selling pressure.

The BSE midcap and smallcap indices both rose by 0.5 percent, reflecting positive performance in these segments of the market.