Okay,so looks like market is finally breathing a bit . Saw some good green on June 2,2026, and it seems IT stocks are ones doing all heavy lifting.
Nifty index actually closed up by 100.95 points,which is 0.43%,and settled at 23,483.55 . And Sensex also rose by 382.50 points,or 0.52%,to finish at 74,649.84 . Not bad for one day ah.
The big push came from heavyweight IT stocks only . Names like Tata Consultancy Services,Infosys,and HCL Technologies really contributed to these gains. Metal and consumer durable sectors also did well.
And honestly,this is where things get interesting .
Experts are all pointing to the 23,500–23,550 range as a critical resistance zone for Nifty . They are saying if it breaks this level and stays there,we could see more recovery. On other hand,23,300–23,250 is the support area to watch.
Few things happening rn:
- Nifty IT index is leading the gains,which is boosting overall market .
- Ongoing trade talks with US are making investors a little cautious.
- Broader market is also positive with Nifty MidCap and SmallCap indices showing gains.
But everyone is keeping one eye on ongoing trade discussions between India and United States . A US delegation led by Brendan Lynch,who is Assistant US Trade Representative for South and Central Asia,is in New Delhi for three-day talks.
And tbh,this feels like the big suspense story . These talks are about finalizing the first part of bilateral trade agreement,which can have huge effect on our economy .
Now that the earnings season is mostly done,market participants are focused on other big things . Like monsoon progress,inflation trends,and liquidity conditions .
So even with this positive movement,it feels like everyone is just holding their breath . Waiting to see what comes out of these trade talks in Delhi… that could change whole mood very quickly…
