Nifty 50 Extended Losses For 4th Consecutive Day; India’s Manufacturing PMI Hit A Three-Month High In May 2026
- Share.Market
- 12 min read
- 01 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.
Extending their losing streak to the fourth consecutive day, Nifty 50 and Sensex ended a volatile first trading session of June nearly 1% lower. The slump was driven by aggressive FII offloading worth ₹21,105.86 crore on May 29, a ~2% spike in Brent crude to around $94 per barrel, and geopolitical tensions as US President Donald Trump withheld approval for a 60-day ceasefire with Iran. On the sectoral front, most indices ended in the red, with Nifty Realty emerging as the top loser and Nifty IT as the top leader.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
WOCKPHARMAWockhardt received U.S. FDA approval for its novel intravenous antibiotic, ZAYNICH™, to treat adults with complicated urinary tract infections. This marks a historic milestone: the first New Chemical Entity fully developed and commercialised by an Indian pharmaceutical company has received FDA approval.
NMDCNMDC Steel reported a historic full-year net profit of ₹58.72 crore for FY26, completely reversing a net loss of ₹2,373.78 crore in FY25. The turnaround was driven by the rapid scale ramp-up of its Nagarnar Steel Plant, which reached nearly 80% capacity utilisation.
PERSISTENTPersistent Systems announced an agreement to expand its Eastern European presence by integrating a specialised team of over 90 professionals from Tallinn-headquartered Concise. The transaction will establish strategic delivery centres in Estonia to strengthen its AI-led product engineering and nearshore delivery network.
COALINDIACoal India released its provisional performance data for May 2026. While the company’s monthly coal production declined 11.6% year-on-year to 56.1 million tonnes, its total offtake grew 2.2%, rising to 66.7 million tonnes compared to the same period last year.
SUPRAJITSuprajit Engineering’s GCM division secured new material contracts worth approximately USD 12 million per year, with an estimated lifetime value of USD 75 million. The wins include its largest-ever EV cable contract from a North American auto major for its Mexico plant.
TATATECHTata Technologies secured SAP PartnerEdge Sell authorisation across India and the United States. Transitioning to a solution-led model, the company will now lead full-lifecycle customer engagements, helping enterprises accelerate SAP Cloud ERP adoption and embed SAP Business AI into enterprise workflows.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | +2.66%+774.10 | 29854.25 |
 Nifty MediaNIFTY MEDIA | +1.37%+19.25 | 1427.55 |
 Nifty MetalNIFTY METAL | +0.49%+65.60 | 13506.55 |
*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) |
| 29 May 2026 | -21,105.86 | 16,764.14 |
| 27 May 2026 | -1,042.70 | 3,821.00 |
| 26 May 2026 | -2,407.87 | 1,361.43 |
| 25 May 2026 | 821.75 | 3,856.88 |
| 22 May 2026 | -4,440.47 | 6,003.53 |
| Month-to-Date | -54,365.98 | 80,700.58 |
What’s Happening Beyond Markets?
- The National Stock Exchange (NSE) has revised its trading hours for the Futures and Options (F&O) segment. Starting August 3, the market close time for F&O trading will be extended to 3:40 PM.
- According to the HSBC Manufacturing PMI report, India’s Manufacturing PMI hit a three-month high of 55.0 in May 2026, up from 54.7 in April. This growth was driven by faster gains in output, new orders, and a significant surge in input buying for stockpiling needs.
- The Central Government has temporarily exempted all customs duties on cotton imports from June 1 to October 31, 2026. This move aims to reduce input costs for the domestic textile industry, particularly benefiting small and medium enterprises.
- The government has revised export levies for the fortnight beginning June 1, 2026. The Special Additional Excise Duty is now set at ₹1.5 per litre for petrol, ₹13.5 for diesel, and ₹9.5 for aviation turbine fuel.
- Public Sector Banks achieved a record net profit of ₹1.98 lakh crore for FY 2025–26. Gross non-performing assets dropped to a historic low of 1.93%, reflecting robust asset quality and prudent management.
- The Odisha government, Intel, and 3DGS signed an MoU to establish an Advanced Packaging Glass Core Substrate Manufacturing Facility in Bhubaneswar. This high-tech investment supports the India Semiconductor Mission and aims to create significant high-skilled employment.
- India’s first ‘SkyCast System’ was inaugurated at New Delhi’s IGI Airport to provide real-time aviation weather intelligence. Making India the 19th country with this technology, the advanced system aims to drastically reduce flight delays and turbulence.
Result Update
Track who beat or missed street estimates from the Nifty50
| Stock | Revenue from Operations FY26 (Estimated) | Revenue from Operations FY26 (Actual) | Change |
| Asian Paints Ltd. | ₹35,177.39 cr | ₹35,583.54 cr | 🔼 1.15% |
| InterGlobe Aviation Ltd. | ₹85,753.44 cr | ₹84,961.9 cr | 🔻 0.92% |
| Natco Pharma Ltd. | ₹4,074.02 cr | ₹4,078.3 cr | 🔼 0.11% |
| Titagarh Rail Systems Ltd. | ₹3,194.72 cr | ₹3,185.82 cr | 🔻 0.28% |
The Boring Business that grew 70x: The Invisible Compounder
Back to Basics
Terms that put you one step ahead – every day
What is Leverage in the Stock Market?
In the stock market, leverage means using borrowed money to invest, aiming to multiply your potential profits. Think of buying a $500,000 house with just a $50,000 down payment. You are using a small amount of your own cash to control a much larger asset.
In investing, you typically do this through a “margin account,” borrowing cash directly from your broker to buy more shares than you could normally afford. Companies also use leverage by taking on corporate debt to fund their expansion. For everyday investors, it’s crucial to remember that leverage is a double-edged sword. While it can supersize your gains if a stock’s price goes up, it equally magnifies your losses if the price drops, meaning you could potentially lose more money than your original investment.
Learn more: https://www.share.market/buzz/stocks/leverage-in-stock-market/
Corporate Actions
Companies with the ex-date and record date on 03 June 2026
| Company | Corporate Action |
| Anand Rathi Wealth Ltd. | Bonus Issue, 1:1 |
| Ashok Leyland Ltd. | Interim Dividend, ₹2.50 |
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.
