04/06/2026
Top 10 Market Updates | 4 June 2026
1. GIFT Nifty signaling a weak/gap-down open — overnight US selloff and fresh US-Iran strikes point to a negative start. Verify the live level at 8:15 AM (last reading June 3: ~23,495). (Source: Kotak Neo, CNBC)
2. US markets fell sharply on June 3 — Dow -620 pts (-1.21%) to 50,687 | S&P 500 -0.74% to 7,553, snapping a 9-day win streak | Nasdaq -0.89% to 26,853. (Source: CNBC, TheStreet)
3. US and Iran launched fresh strikes — escalation returned. Trump said Iran agreed not to have nuclear weapons but added "they can change their mind." Risk-off mood back globally. (Source: CNBC)
4. Crude jumped on the escalation — WTI +2.41% to $96.02 | Brent +1.89% to $97.81. Oil reversing higher again is the key negative for India's import bill. (Source: CNBC)
5. IEA flagged supply risk — warned global oil inventories could fall to critical levels ahead of peak summer demand. Vitol said the market is underpricing Iran war risk. (Source: TheStreet)
6. June 2 close (last verified full session) — Nifty 23,483 (+100 pts, +0.43%) | Sensex 74,649 (+382 pts, +0.52%). Nifty IT surged 4.23% on AI deal momentum and the Wipro buyback. (Source: Univest, Business Standard)
7. June 3 session ended lower — Nifty slipped ~0.8% intraday tracking the global risk-off and rising crude, reversing the prior day's recovery. (Source: CNBC)
8. FII/DII (June 2) — FIIs sold ₹8,362 Cr | DIIs bought ₹9,589 Cr. June-so-far FII selling at ₹12,274 Cr, but DII buying continues to absorb it. (Source: Business Standard)
9. Broadcom Q2 — narrow revenue miss at $22.18 billion (vs $22.27 billion est) but adjusted EPS beat at $2.44. AI semiconductor revenue strong at $10.8 billion. A possible near-term stressor for the chip rally. (Source: TheStreet)
10. Nifty support at 23,180-23,060 | Resistance at 23,575-23,700. With crude rising and Iran strikes resuming, expect a cautious, oil-sensitive session. Japan's Nikkei did hit a record 68,402 (+2.5%) — one bright spot in Asia. (Source: 5paisa, CNBC)
Disclaimer: We're not SEBI-registered investment advisors and here I'm sharing our personal views on the market as per the public domain data available for all.
Thanks,
Himanshu Verma
theniftyman.com
Himanshu Verma – The Nifty Man. AMFI-registered Mutual Fund Distributor ARN-169614. NISM VA & Equity Derivatives certified. MBA Finance IMT Ghaziabad. Financial literacy, skill development, guest lectures. Noida, India.