Stock Market Live Updates Today: As crude oil prices continue to rise, BSE Sensex and Nifty50 may see a muted to negative start to the day. Market participants remain cautious as persistent foreign institutional investor selling and uncertainty surrounding global economic developments continue to cloud the near-term outlook. Analysts expect the benchmark index to move within a broad trading range, while stock-specific action is likely to dominate the broader market. Attention is expected to remain firmly on the Reserve Bank of India's upcoming monetary policy decision, keeping interest rate-sensitive sectors in focus. Technology stocks could also attract interest following upbeat commentary from global AI companies and continued strength in overseas tech markets.
Nifty Today Live: Bajaj Broking Bank Nifty Outlook
The index in the daily chart formed a bullish candle with a lower high and a lower low highlighting consolidation amid stock specific action. The index in the process snapped its four-session decline. Index is likely to extend consolidation in the range of 52,500-54,600 only a breakout or breakdown will signal directional moment in the index. Index has key support placed at 52,700-52,500 being the confluence of the lower band of the 8th April bullish gap area and the 61.8% retracement of the previous pullback (49955-57456). On the higher side resistance is placed at 54,600-55,000 levels being the confluence of current week high and 20 days EMA.
Sensex Today Live: IT Stocks Rally Strongly; Nifty IT Sees Best Run in a Year
Indian technology stocks extended their upward momentum for a third consecutive session on Tuesday, helping the Nifty IT index register its strongest single-day advance in a year. Market experts noted that the sector's technical setup continues to look favourable, indicating that the rally may have further room to run. The Nifty IT index climbed 4.2% to close at 31,116.6, marking its best daily performance since May 2025. Over the last three trading sessions, the index has gained 7.6%, significantly outperforming the broader market, with the Nifty 50 declining 1.8% during the same period. Tata Consultancy Services emerged as the biggest winner on Tuesday, surging 6.7%, while Infosys, HCL Technologies and LTIMindtree posted gains ranging between 4% and 6%.
According to Kunal Bajaj, Research Analyst at Choice Institutional Equities, optimism surrounding global software companies and growing evidence that artificial intelligence is expanding technology spending rather than disrupting established IT service providers have contributed to the sector's recent strength. He added that a weaker rupee, healthy deal pipelines and an improving outlook for discretionary technology spending are also providing support to IT stocks. Technical indicators are reinforcing the positive sentiment. Ruchit Jain, Vice President at Motilal Oswal Financial Services, said the Nifty IT index has formed a bullish hammer pattern on the monthly chart, a signal often associated with a potential trend reversal. He noted that recent price action suggests a combination of short-covering in stocks such as TCS and HCL Technologies, alongside fresh buying interest in Infosys and Coforge over the past few sessions.
Despite the recent rebound, the sector has lagged the broader market this year. The Nifty IT index remains down 17.9% in 2026, compared with a 10.1% decline in the Nifty 50. Jain believes the index could extend its recovery towards the 32,000–32,100 zone, which corresponds to the highs seen in April. Bajaj, meanwhile, said mid-sized IT firms have historically been better positioned to gain market share during periods of technological change due to their flexibility and adaptability. With valuation premiums moderating, he sees a favourable risk-reward balance in companies such as Coforge, Persistent Systems and Happiest Minds. Among the large-cap IT names, Infosys and Tech Mahindra remain his preferred picks.
Stock Market Live Today: Oil Prices Rise
Oil prices moved higher in early Wednesday trade, gaining more than 1% as fresh tensions in the Middle East reignited concerns over regional stability and energy supplies. Market sentiment was also influenced by the lack of meaningful progress in ongoing diplomatic efforts between Iran and the United States. Brent crude advanced $1.05, or 1.09%, to $97.05 a barrel, while US benchmark West Texas Intermediate (WTI) crude rose $1.01, or 1.08%, to $94.77 a barrel. Both contracts had already ended the previous session at their highest levels in a week.
The latest escalation followed reports that Iran launched ballistic missiles towards Kuwait and Bahrain, although the US military said the missiles did not hit their intended targets. In response to attempted attacks, US forces carried out strikes on Iran's Qeshm Island, according to military officials. Investors continued to monitor developments surrounding the Iran conflict, with Tehran still assessing a proposed US-backed agreement aimed at ending hostilities. Iranian media reported on Tuesday that there had been no communication between Tehran and Washington for several days. However, US President Donald Trump maintained that negotiations were continuing without interruption. Daniel Hynes, Senior Commodity Strategist at ANZ Bank, said efforts to restore normal shipping through the Strait of Hormuz could prove difficult, noting that Iran has reportedly laid mines across large sections of the strategically important waterway.
Stock Market Live Today: Broad-Range Trading Expected
Nifty is expected to trade in a broader range in the near term amid ongoing global macro uncertainty and sustained Foreign Institutional Investor outflows. Broader markets may continue to witness stock-specific movement, while investor focus is likely to remain on the RBI monetary policy outcome, keeping rate-sensitive sectors active. IT stocks are also expected to remain in focus following buying interest driven by positive commentary from global AI companies and strength in global technology shares. Indian equities witnessed mild recovery on Tuesday. The Nifty 50 gained 0.4%, while the Midcap and Smallcap indices advanced 0.2% and 0.4% respectively. India VIX eased 3% to 16.03, indicating improving risk appetite and relatively stable near-term sentiment.
IT stocks remained the key market outperformers, with the Nifty IT index rallying nearly 4% as global software stocks extended their AI-driven rebound. Infosys and Tata Consultancy Services gained up to 6% each, supported by positive commentary from global AI companies and strength in Wall Street technology stocks. On the macro front, India's industrial production grew 4.9% YoY in April 2026 under the revised IIP base year series, reinforcing expectations that domestic economic growth continues to be increasingly driven by manufacturing, infrastructure spending and corporate capex. Stronger capital goods growth trends further indicate that the ongoing capex cycle has remained healthier than previously estimated.
India-US Bilateral Trade Agreement negotiations are underway in New Delhi from June 2–4, with discussions focused on finalising the first phase of the pact covering trade, market access and tariff-related issues. Reports suggest that most key elements have already been finalised, with talks now centred around a few pending items. Investors will also closely track key global macro data releases including EU CPI, US employment data and the US S&P PMI over the next two sessions, says Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Nifty Today Live: Bajaj Broking Nifty Outlook
Indian benchmark indices snapped a four-session decline with the Nifty closing around the 23,500 levels up by 0.5% on the Nifty weekly expiry session. Index in the daily chart formed a bullish Marubozu Candlestick Pattern which is a strong bullish candle with a small upper shadow, it has similar open and low signaling buying demand at lower levels from the key support area. Buying demand emerged on Tuesday session from near the key support area of 23,200-23,000 being the confluence of the lower band of the 8th April bullish gap area, lower band of recent consolidation and the 61.8% retracement of the previous pullback (22,182-24,601).
Going ahead in the coming sessions a follow through strength above Tuesday's high (23556) will open further upside towards the resistance area of 24,750-24,800 levels in the coming sessions. Failure to move above Tuesday's high will lead to some consolidation in the range of 23,200-23,550. On the higher side 23,700-23,800 is expected to act as resistance being the confluence of the current week high and 20 days EMA. Only a move above 23,800 will open further upside towards 24,100 levels.
Stock Market Live Updates Today: Asian equities followed Wall Street higher as renewed enthusiasm around artificial intelligence continued to support risk appetite. Meanwhile, the Japanese yen hovered close to the 160-per-dollar level. US equities closed higher on Tuesday, with gains in technology stocks driven by AI-related optimism helping offset concerns surrounding ongoing US-Iran negotiations aimed at reopening the Strait of Hormuz and resolving the prolonged conflict in the region. Gold prices edged lower on Wednesday as fresh tensions in the Middle East pushed crude oil prices higher, reinforcing expectations that central banks may need to keep interest rates elevated for longer to contain inflationary pressures.
