Sensex down 304 pts, Nifty below 23,450 amid weak global cues

The domestic share market traded lower on Wednesday amid rise in crude oil prices and uncertainty surrounding a potential U.S.-Iran peace deal.At close, the Sensex was down 303.67 points or 0.41 percent at 74,346.17, and the Nifty was down 77.95 points or 0.33 percent at 23,405.60.
Apollo Hospitals, Max Healthcare, Tata Motors Passenger Vehicles, SBI, and ICICI Bank were the top gainers on the Nifty, while losers included TCS, Tech Mahindra, HCL Technologies, Infosys, and Wipro.On the sectoral front,IT index shed 5.5%, FMCG, realty slipped 1% each, and Consumer Durables fell 0.8%, while Telecom index rose 2%, PSU Bank index jumped 1.7%, healthcare index was up 0.5% each.Nifty Midcap 100 index shed 0.4% and Nifty Smallcap 100 index down 0.1%.
Rupee Close:
On 3 Jun'26,the Indian rupee depreciated 31 paise to close at 95.67  against the US dollar on Wednesday, after the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations.Forex traders said strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiment further.
Trading Guide: 
Market experts recommended five shares to buy on Wednesday: Arvind, Hindustan Oil Exploration Company, Titagarh Rail Systems, Avalon Technologies, and Olectra Greentech.

(Business Correspondent)