Nifty 50 Ended Lower; India’s Services PMI Hit A 6-Month High
- Share.Market
- 11 min read
- 03 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.
Despite a strong recovery in the second half, Nifty 50 and Sensex ended a highly volatile trading session in the red on Wednesday, June 3. The early-morning crash was triggered by a confluence of major headwinds: escalating US-Iran tensions, soaring crude oil prices, cautious sentiment due to the ongoing RBI MPC meeting, a depreciating Rupee, and a pessimistic monsoon forecast. Meanwhile, sectoral performance remained mixed; Nifty IT plunged over 5.50% to emerge as the top sectoral loser, while Nifty PSU Bank was the top leader.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
VARROCVarroc Engineering has partnered with global display specialist TOLYY to localise and supply next-generation digital cockpit solutions in India. This strategic agreement covers the supply, integration, and manufacturing of advanced display modules, accelerating time-to-market and strengthening supply chain resilience.
MANKINDMankind Pharma’s wholly-owned subsidiary, Mankind Lifesciences, has acquired the remaining 10% stake in Upakarma Ayurveda. This makes the ayurvedic and herbal product manufacturer a wholly-owned step-down subsidiary, aiming to achieve better operational efficiencies.
CONCORDBIOConcord Biotech has secured USFDA approval for its Mycophenolate Mofetil Oral Suspension, an immunosuppressant used to prevent organ rejection in transplant recipients. This approval allows the company to tap into an estimated $30 million U.S. market, strengthening its international position.
CLEANMAXCleanMax has partnered with Gujarat Alkalies and Chemicals Limited to supply hybrid renewable energy for its manufacturing operations. The project includes 75.90 MW of wind and 84.34 MWp of solar capacity across four sites in Gujarat, aiming to reduce CO2 emissions by 2,64,204 tons annually.
GRANULESGranules India’s wholly-owned subsidiary in Chantilly, Virginia, has received an Establishment Inspection Report from the USFDA with a Voluntary Action Indicated (VAI) classification. This follows a March-April 2026 inspection that issued four Form 483 observations for the manufacturing facility.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty PSU BankNIFTY PSU BANK | +1.70%+136.75 | 8185.90 |
 Bank NiftyNIFTY BANK | +0.88%+471.30 | 54185.95 |
 Nifty Private BankNIFTY PVT BANK | +0.70%+182.10 | 26193.40 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty FMCGNIFTY FMCG | -1.01%-488.85 | 48123.95 |
 Nifty RealtyNIFTY REALTY | -1.39%-10.75 | 762.60 |
 Nifty ITNIFTY IT | -5.57%-1732.10 | 29384.45 |
*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) |
| 02 June 2026 | -8,362.92 | 9,589.32 |
| 01 June 2026 | -3,911.68 | 5,109.13 |
| Month-to-Date | -12,274.6 | 14,698.45 |
What’s Happening Beyond Markets?
- The Indian Services Purchasing Managers’ Index (PMI) successfully accelerated to a strong 59.8 in May 2026, up from 58.8 in April 2026. This continued robust growth in the country’s services sector was notably supported by a moderation in overall cost pressures.
- India and South Africa have agreed to scale up bilateral cooperation in future technologies. Artificial Intelligence, Digital Infrastructure, and Advanced Manufacturing will serve as the key priorities for their next phase of bilateral engagement.
- India remains engaged with the U.S. regarding the USTR’s proposed Section 301 tariffs on 60 economies. Parallelly, both nations are actively working to finalise a framework agreement that was jointly announced in February 2026.
- The government is revising the Wholesale Price Index (WPI) base year from 2011-12 to 2022-23, effective June 15, 2026. The new series expands tracked items to 957, includes renewable energy, and utilises improved computation methodologies.
- According to NPCI data, the Unified Payments Interface (UPI) reached a new all-time high in May 2026. The digital payment network processed a record-breaking 23.2 billion transactions, with the total transaction value hitting an impressive ₹29.9 trillion.
- Defence Research & Development Organisation (DRDO) and the Indian Air Force (IAF) successfully flight-tested the indigenously developed RudraM-II Air-to-Surface Missile from an airborne platform. The missile achieved all test objectives, guiding itself to a predefined target with pin-point accuracy under extreme release conditions.
- Indian travellers can now directly make digital payments using the Unified Payments Interface (UPI) at over 4.5 million merchant outlets across Cambodia, significantly easing everyday transaction processes for Indian tourists visiting the country.
Taiwan’s Stock Market Overtook India! (The Shocking Reason Why)
Back to Basics
Terms that put you one step ahead – every day
What are Current Liabilities?
In business, current liabilities are a company’s short-term debts and financial obligations that must be paid within one year. Think of it like managing your household budget. Your long-term debt is your 30-year mortgage. A current liability is your monthly electricity bill, this month’s rent, or your credit card balance.
On a company’s balance sheet, you’ll see these grouped together. Common examples include accounts payable (money owed to suppliers), short-term bank loans, and upcoming tax payments. For everyday investors, watching this is crucial. A healthy company needs enough readily available cash to comfortably cover these short-term debts. If current liabilities consistently pile up higher than the cash coming in, the business might struggle to keep the lights on, signalling a major red flag.
Learn more: https://www.share.market/buzz/learn/current-liabilities/
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| CMR Green Technologies | June 03, 2026 to June 05, 2026 | ₹630.88 Cr | ₹182 to ₹192 per share | ₹14,196 |
Corporate Actions
Companies with the ex-date and record date on 05 June 2026
| Company | Corporate Action |
| Archean Chemical Industries Ltd. | Final Dividend, ₹2.50 |
| Bank of Baroda | Dividend, ₹8.50 |
| BEML Ltd. | Interim Dividend, ₹2.30 |
| Cipla Ltd. | Final Dividend, ₹13.00 |
| HDFC Asset Management Company Ltd. | Final Dividend, ₹54.00 |
| ICICI Prudential Life Insurance Company Ltd. | Final Dividend, ₹1.65 |
| JSW Energy Ltd. | Dividend, ₹2.00 |
| Bank of Maharashtra | Final Dividend, ₹1.20 |
| Reliance Industries Ltd. | Final Dividend, ₹6.00 |
| Wipro Ltd. | Buy Back of Shares |
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.
