Sensex, Nifty snap 4-day losing streak; benchmark indices recover over 1% from intraday lows

The equity benchmark indices BSE Sensex and NSE Nifty recovered sharply from intraday lows to end higher on Tuesday (June 2), snapping a four-day losing streak amid broad-based buying across sectors.

The Sensex rose 383 points to close at 74,650, while the Nifty gained 101 points to end at 23,484. The market recovered more than 1% from the day’s lows during intraday trade. The Nifty traded above the 23,500 mark during the session.

The broader market also ended higher, with advances outpacing declines. The NSE advance-decline ratio stood at 3:2. Benchmark indices outperformed, while the Nifty Bank index gained 72 points to close at 53,715. The Midcap index rose 114 points to settle at 60,942.

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The Nifty IT index extended gains for the third straight session, with all constituents ending in the green. Among Nifty gainers, HCLTech, Adani Enterprises, Adani Ports and Special Economic Zone, NHPC and Tata Consultancy Services Ltd led the advances.

From the Sensex basket, HCL Technologies Ltd, Infosys Ltd, Tech Mahindra Ltd, ITC Ltd, Wipro Ltd and NTPC Ltd were the major gainers. Axis Bank Ltd, Power Grid Corporation of India

, Dr Reddy's Laboratories Ltd Ltd, Bajaj Finserv Ltd, ICICI Bank Ltd and Hero MotoCorp were the biggest laggards.

Groww gained over 2% after receiving approval from the Securities and Exchange Board of India to acquire a stake in State Street AMC. Tanla Platforms fell more than 6% after the government launched an offer for sale of up to 6% equity at ₹71 per share.

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Coforge rose 1% following healthy auto sales for May. Among midcap stocks, Maruti Suzuki India, Force Motors, NMDC and Force Motors were among the top gainers. NMDC recovered more than 3% from intraday lows after positive commentary on entry-level demand.

Force Motors fell nearly 6% after reporting a 15% year-on-year decline in May sales. NMDC gained 3% after iron ore production rose 20% year-on-year in May 2026.