Sensex and Nifty Rebound: Investors Gain ₹2 Lakh Crore in a Single Day

Market Performance

The Indian stock market ended its three-day losing streak on June 4, with the Sensex and Nifty 50 closing higher. Key highlights:

• Sensex rose 261 points (0.32%) to 80,998.25
• Nifty 50 gained 78 points (0.32%) to 24,620.20
• BSE Midcap and Smallcap indices outperformed, rising 0.76% and 0.58%, respectively
• India VIX (volatility index) dropped 4.89% to 15.75, signaling reduced market nervousness

Investors' wealth surged by ₹2 lakh Crore, pushing the total market capitalization of BSE-listed firms to ₹445 lakh Crore.

Why Did the Market Rise?

• Positive global cues supported the rebound
• The decline in the US dollar boosted sentiment
• Investors await RBI's policy decision (expected 25 bps rate cut)
• European Central Bank (ECB) policy meeting is also in focus

Top Gainers and Losers

Nifty 50 Top Performers

1. Eternal – Up 3.21%
2. Jio Financial Services – Up 2.36%
3. IndusInd Bank – Up 1.79%

Nifty 50 Top Decliners

1. Bajaj Finserv – Down 1.63%
2. Trent – Down 1.43%
3. Eicher Motors – Down 1%

Sectoral Performance

• Nifty Oil & Gas (+0.67%) and Metal (+0.60%) led gains
• Nifty Realty (-0.70%) was the only major loser
• Banking indices saw modest growth:
  • Nifty Bank (+0.14%)
  • PSU Bank (+0.24%)
  • Private Bank (+0.08%)

Key Stock Movements

• 9 stocks surged over 10%, including Railtel, Ircon International, Reliance Infrastructure
• 6 stocks fell over 10%, including Sun Pharma Advanced Research, Aditya Birla Fashion
• 105 stocks hit the upper circuit, while 62 hit the lower circuit
• 112 stocks touched 52-week highs, including APL Apollo Tubes, Bharti Hexacom

Market Breadth

• Advancing stocks: 1,650
• Declining stocks: 1,236
• Unchanged: 92

Summary

The Sensex and Nifty snapped their losing streak, driven by global optimism and gains in key sectors. Mid and small-cap stocks outperformed while volatility eased. Investors are now awaiting the RBI's policy decision.