Nifty 50 Ended Flat; India’s Crude Steel Production Reached 14.21 Mn Tonnes
- Share.Market
- 11 min read
- 04 Jun 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Nifty 50 and Sensex closed flat after initial declines during a volatile trading session on Thursday, June 04. The movement was driven by mixed market sentiment fueled by reports of a potential ordinance granting FII/FPI tax exemptions on government bonds, alongside an Israel-Lebanon ceasefire agreement, a slight dip in crude oil prices, and cautiousness ahead of the RBI policy meeting outcome. Most sectoral indices ended in the green, led by Nifty Media and Consumer Durables, while Nifty Metal emerged as the top sectoral loser.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
PWLPhysicswallah restructured its lending strategy, partnering with multiple regulated third-party NBFCs for student financing. This decision reverses its previous approach of investing ₹120 crore into its subsidiary FinZ Finance, aimed at materially reducing balance sheet and credit risks by transitioning into a pure technology platform.
THANGAMAYLThangamayil Jewellery announced its retail expansion. The company is set to launch two brand-new branches in Chennai, Tamil Nadu, located at Neelankarai and Pallavaram, with the inaugurations scheduled for June 7, 2026.
JBMAJBM Auto emerged as the leader in India’s electric bus market, capturing a dominant 49% market share in May 2026, up from 33% in April. According to Vahan portal data, the company recorded the country’s highest monthly registrations with 157 electric buses.
AUROPHARMAAurobindo Pharma inaugurated TheraNym in Borapatla near Hyderabad, marking its strategic entry into biologics contract manufacturing. As one of India’s largest dedicated biologics CMO facilities, it features 15 KL bioreactors and has secured global pharmaceutical giant MSD as its anchor customer.
HEROMOTOCOHero MotoCorp unveiled India’s very first Flex Fuel motorcycles in the mass-market 100cc segment, introducing the flex-fuel ready Splendor+ and HF Deluxe. Developed at its Jaipur facility, these vehicles support ethanol blends from E20 to E85 to reduce crude oil import dependence.
RAJESHEXPORajesh Exports Ltd. shares hit the 5% lower circuit following a stringent interim ex parte order from SEBI. The regulator barred CMD Rajesh Mehta from the securities market over alleged accounting malpractices, non-cooperation with forensic auditors, and a prima facie revenue misstatement of ₹15.15 lakh crore between FY21 and FY25.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 03 June 2026 | -5,616.56 | 5,740.89 |
| 02 June 2026 | -8,362.92 | 9,589.32 |
| 01 June 2026 | -3,911.68 | 5,109.13 |
| Month-to-Date | -17,891.16 | 20,439.34 |
What’s Happening Beyond Markets?
- India’s crude steel production reached 14.21 million tonnes in May 2026, marking a 2.9% year-on-year growth. Meanwhile, finished steel consumption surged by 9%, driven by sustained construction and infrastructure demand.
- According to Union Minister Piyush Goyal, India remains the world’s most trusted investment destination. Highlighting recent reforms, he noted the Jan Vishwas Act 2.0 decriminalised nearly 1,000 minor offences, while the Oman Free Trade Agreement took effect on June 1.
- The government approved a ₹10,000 crore interest-free support fund for Oil Marketing Companies. This 36-month initiative stabilises aviation fuel prices for domestic airlines, shielding them from severe volatility triggered by the ongoing West Asia crisis.
- According to a Bank of Baroda report, the Reserve Bank of India is likely to keep interest rates unchanged. The decision comes as the overall impact of the ongoing West Asia crisis on economic growth remains completely unclear.
- As per an SBI report, digital adoption has significantly boosted economic efficiency, raising productivity by 76%. Furthermore, this transition actively enhances direct access to formal credit channels, accelerating broader financial inclusion and rapid economic formalisation.
Why Stopping Your SIP Right Now is a Massive Mistake
Back to Basics
Terms that put you one step ahead – every day
What is the Rising Wedge Pattern?
In technical analysis, a rising wedge is a chart pattern that usually signals a stock’s price is about to fall. Think of it like pushing a boulder up a narrowing hill. As it goes higher, the path gets tighter, and momentum slows until it runs out of steam and rolls back down.
On a stock chart, you’ll see the price making higher highs and higher lows, but the lines connecting them are converging (squeezing together). For everyday investors, this pattern is a crucial warning sign. While the stock’s price is technically still going up, the buying power behind it is weakening. It often hints at an upcoming “breakdown,” meaning it might be a good time to take profits or hold off on buying more.
Learn more: https://www.share.market/buzz/stocks/rising-wedge-pattern/
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
