Stock market afternoon trade: Nifty 50 at 23,503.70 up 0.52%, Sensex at 74,706.24 up 0.59%, IT index surges 4.00%
The Indian stock market witnessed a positive trend in the afternoon session on 2 June 2026, with the Nifty 50 climbing to 23,503.70, marking a 0.52% increase from its opening level of 23,229.15. The Sensex also showed strength, advancing to 74,706.24, up by 0.59% from its opening. The IT sector emerged as the standout performer, with the Nifty IT index surging by 4.00% to reach 31,046.95.
Index movements
The Nifty 50 opened at 23,229.15 and reached a high of 23,535.05, while its lowest point was the opening level itself. The index showed a steady upward trajectory throughout the session, with notable gains observed after 12:45 IST. Meanwhile, the Sensex opened at 73,945.20, touched a high of 74,813.35, and a low of 73,815.12, reflecting a robust performance.
The Bank Nifty also contributed to the positive sentiment, opening at 53,265.10 and currently trading at 53,816.55, a 0.32% increase from the opening level. The index reached a high of 53,933.30 during the session.
Sectoral performance
The Nifty IT index led the sectoral gains, opening at 30,265.70 and currently standing at 31,046.95, a significant 4.00% rise. The Nifty Auto index also performed well, increasing by 0.63% to 26,054.40. On the other hand, the Nifty Pharma index experienced a decline, dropping by 1.10% to 23,947.80 from its opening level of 24,102.95.
Other notable movements included the Nifty Realty index, which rose by 0.92% to 775.25, and the Nifty FMCG index, which increased by 0.38% to 48,433.15. The Nifty Metal index also saw a modest gain of 0.37%, reaching 13,557.05.
Market breadth
The broader market indices reflected a mixed trend. The Nifty 100 index rose by 0.42% to 24,496.70, while the Nifty 500 index increased by 0.31% to 22,506.95. The Nifty Midcap 50 index remained almost flat with a slight decline of 0.05% to 17,271.40, and the Nifty Midcap 100 index saw a marginal gain of 0.04% to 60,852.40.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 23,229.15 | 23,535.05 | 23,229.15 | 23,503.70 | +0.52% |
| Sensex | 73,945.20 | 74,813.35 | 73,815.12 | 74,706.24 | +0.59% |
| India VIX | 16.54 | 16.54 | 15.54 | 15.67 | -5.26% |
| Nifty IT | 30,265.70 | 31,290.95 | 30,264.60 | 31,046.95 | +4.00% |
| Nifty Pharma | 24,102.95 | 24,171.55 | 23,796.65 | 23,947.80 | -1.10% |
| Nifty Realty | 763.75 | 777.45 | 756.30 | 775.25 | +0.92% |
| Nifty Auto | 25,595.05 | 26,100.95 | 25,581.15 | 26,054.40 | +0.63% |
| Nifty Media | 1,417.05 | 1,432.00 | 1,406.20 | 1,420.20 | -0.51% |
| Nifty PSU Bank | 7,972.75 | 8,053.50 | 7,913.15 | 8,039.55 | +0.43% |
| Nifty 100 | 24,234.15 | 24,528.85 | 24,217.40 | 24,496.70 | +0.42% |
| Nifty Energy | 39,988.70 | 40,135.15 | 39,667.05 | 40,089.90 | -0.41% |
| Nifty FMCG | 47,996.40 | 48,505.15 | 47,867.65 | 48,433.15 | +0.38% |
| Nifty Metal | 13,470.55 | 13,629.15 | 13,450.00 | 13,557.05 | +0.37% |
| Bank Nifty | 53,265.10 | 53,933.30 | 53,121.85 | 53,816.55 | +0.32% |
| Nifty 500 | 22,302.05 | 22,532.75 | 22,253.00 | 22,506.95 | +0.31% |
| Nifty Midcap 50 | 17,162.95 | 17,293.00 | 17,088.20 | 17,271.40 | -0.05% |
| Nifty Midcap 100 | 60,479.35 | 60,902.50 | 60,170.35 | 60,852.40 | +0.04% |
Market outlook
As the session progresses, market participants will keep a close watch on the performance of the IT sector, which has shown significant strength. The overall market sentiment remains positive, with key indices maintaining their upward momentum. Investors will be looking for cues from global markets and domestic economic indicators to gauge the direction of future movements.
Data as on Jun 2, 2026, 02:00 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.
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