Markets end lower,Nifty below 23,400, Sensex fall 508 pts

The Indian share market ended lower on Monday as persistent FII outflows and the ongoing US-Iran negotiations that weighed on investor sentiment.At close, the Sensex was down 508.40 points or 0.68 percent at 74,267.34, and the Nifty was down 165.15 points or 0.70 percent at 23,382.60.
Tech Mahindra, Infosys, TCS, Coal India, JSW Steel were the top gainers on the Nifty, while losers included HUL, Tata Consumer, ITC, Shriram Finance, M&M.On the sectoral front,auto, power, FMCG, PSU Bank, Consumer Durables, realty down 1-3%, while IT index up 2.6%, media index up 1.3%, and metal index up 0.5%.Broader markets also ended lower with Nifty Midcap and Smallcap indices down 1.4 percent and 0.9 percent, respectively.
Rupee Close:
On 1 Jun'26,the Indian rupee ended nearly flat on Monday to close at 94.99 against the US dollar as modest gains spurred by flows connected to MSCI's equity index rebalancing were eroded by persistent ​hedging demand from corporates, while traders kept their focus firmly on the ‌upcoming monetary policy decision.Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to $93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz.
Trading Guide:
The market experts recommended five shares to buy on Monday: Acme Solar Holdings, Capri Global Capital, Syrma SGS Technology, Vijaya Diagnostic Centre, and Neogen Chemicals.

(Business Correspondent)