Stock Market Today on 4 June 2026: Nifty at 23,440, Sensex Up 100 Points, India VIX Falls Sharply to 16; IT and Metal Stocks Drag

Stock market today 4 Jun 2026: Nifty 23,440.05 (+34.45, +0.15%) | Sensex 74,380 (+100 pts) | India VIX: 16.18 (from 19.85 prev) | Nifty IT: 29,321 (-0.21%) | Nifty Metal: 13,501 (-0.25%) | Bank Nifty: 54,266 | Nifty Auto: 26,281 | FMCG: 48,451 | Pharma: 24,199.

The stock market today on 4 June 2026 is showing a measured recovery, with the Nifty 50 at 23,440.05, up 34.45 points or 0.15 per cent, and the Sensex trading approximately 100 points higher at around 74,380 against the prior close of approximately 74,280. The most significant development in the stock market today is a sharp fall in India VIX to 16.18 from the prior session’s close of 19.85, a decline of more than 3 VIX points in a single session. India VIX falling below 17 signals substantially reduced near-term volatility expectations and has historically been associated with improved equity market stability. The stock market today continues to be pulled in two directions: IT and metal stocks are dragging the indices while banking, auto, and FMCG are providing offsetting support.

The broader context for today’s session is a market trying to stabilise after weeks of elevated volatility driven by the West Asia conflict, FII outflows, and the ongoing AI disruption selloff in IT stocks. Falling crude oil prices on US-Iran peace talk optimism have been the primary macro tailwind for the stock market today, directly benefiting auto, aviation, and consumer companies. The Nifty 50 opened at 23,282.45, touched an intraday low of 23,247.30, before recovering to the 23,440 level, a swing of over 190 points that reflects continued but diminishing near-term uncertainty.

Click Here – Get Free Investment Predictions

Stock Market Today: Live Sectoral Performance on 4 June 2026

The stock market today shows a clear sector split between crude oil-sensitive winners and structurally challenged names. The following table captures the real-time sectoral picture as of midday on 4 June 2026.

Stock Market Today: Why India VIX Fell Sharply to 16 From 19.85

The single most important development in the stock market today is the sharp fall in India VIX from 19.85 (prior session close) to 16.18. India VIX is the volatility index derived from Nifty options prices, measuring the market’s expectation of near-term volatility. A fall of this magnitude in a single session is significant and warrants explanation for investors tracking the stock market today.

The primary reason India VIX has collapsed in today’s session is the combination of weekly options expiry and falling crude oil prices. On weekly expiry days, short-term volatility positions typically get unwound as contracts expire, mechanically reducing VIX levels. More fundamentally, falling Brent crude on US-Iran peace talk optimism has removed one of the key uncertainty drivers that had kept VIX elevated above 19 through much of the recent sessions. With crude retreating toward USD 97, inflationary and geopolitical uncertainty is easing. India VIX falling below 17 is historically associated with more stable equity market conditions, making the 16.18 reading a structurally positive signal for today and the sessions ahead.

Stock Market Today: IT and Metal Stocks Dragging the Indices

Nifty IT: Continuing AI Disruption Selloff in Today’s Stock Market

Nifty IT at 29,321.65, down 62.80 points or 0.21 per cent, is one of the two key drags today. The IT sector is extending its weakness from the severe 5.8 per cent crash on 3 June 2026, where TCS fell 8.76 per cent, LTIMindtree 7.54 per cent, Tech Mahindra 6 per cent, HCL Technologies 4.82 per cent, Infosys 4.11 per cent, and Wipro 3.20 per cent. The slight continuation of selling reflects sustained concerns about AI disruption of Indian IT services business models, particularly following weak ADR performance overnight for Infosys and Wipro in US markets. The good news is that the IT selling pace has dramatically slowed from the 3 June crash, suggesting the worst of the sector-specific panic may have passed.

Nifty Metal: China Demand Uncertainty Weighing in Today’s Stock Market

Nifty Metal at 13,501.55, down 33.65 points or 0.25 per cent from the prior close of 13,535.20, is the other key drag today. Metal stocks face dual headwinds in the current stock market today environment: concerns about China’s economic trajectory and demand for steel, aluminium, and other metals, and the energy cost pressure from elevated crude prices that raises production costs for energy-intensive metal manufacturing. While Nifty Metal had shown upgrades in some brokerage coverage in April 2026 amid commodity price recovery, the sector’s performance reflects lingering uncertainty about global demand conditions.

Stock Market Today: Banking, Auto, FMCG Supporting the Recovery

While IT and metals drag, the stock market today is being supported by three key sectors that are responding positively to the day’s dominant macro theme: falling crude oil prices on US-Iran peace talk momentum.

Bank Nifty: Credit Growth Tailwind and DII Support in Today’s Stock Market

Bank Nifty at 54,266 is broadly stable, supported by domestic institutional buying and the fundamental tailwind of 16.2 per cent year-on-year credit growth, the fastest since June 2024. The strong lending cycle provides a revenue visibility anchor for banking stocks in the stock market today, even as NIM compression in the RBI’s rate cut cycle and West Asia conflict-linked macro risks create near-term uncertainty. IDFC First Bank (+1.35 per cent) and Canara Bank (+1.54 per cent) are among the better-performing Bank Nifty stocks today, while SBI (-0.19 per cent) and IndusInd Bank (-0.51 per cent) remain laggards.

Nifty Auto: Direct Crude Beneficiary Leading Gains in the Stock Market Today

Nifty Auto at 26,281 is among the better-performing sectors in the stock market today, directly benefiting from falling crude oil prices. Auto manufacturers gain from lower crude through reduced raw material costs (rubber, polymers, steel), lower fuel costs reducing consumer discretionary spending pressure, and improved purchasing power for two-wheeler and entry-level four-wheeler buyers when petrol prices ease. The flex fuel motorcycle launches by Hero MotoCorp today are also a positive sentiment catalyst for the broader auto sector.

Track Stock Market Today: Nifty, Sensex, VIX and All Sectors on the Univest Screener

Stock Market Today: Key Levels to Watch for Nifty and Sensex

For investors monitoring the stock market today and positioning for the days ahead, the critical technical levels to watch are Nifty support at 23,200 to 23,250 on the downside and resistance at 23,500 to 23,550 on the upside. A sustained Nifty close above 23,550 in the stock market today or in the coming sessions would be a positive signal that the corrective phase from the May 2026 highs is over. Until that level is decisively breached, the stock market today pattern of intraday recoveries followed by sector-specific selling (in IT and metals) is likely to persist.

The most important macro variable for the stock market today and coming sessions remains Brent crude price direction. A sustained fall below USD 95 would meaningfully ease the sector margin pressure across auto, FMCG, cement, and airlines, giving the stock market today a durable upside catalyst. The weekly options expiry today is also contributing to mechanically elevated intraday volatility in the stock market today, which will normalise from Monday’s session onwards.

Download the Univest iOS App or Univest Android App to track the stock market today, Nifty levels, sectoral data, and all market updates in real time.

Conclusion

Stock market today on 4 June 2026 is showing a cautious recovery with Nifty at 23,440, Sensex up approximately 100 points, and the critically important India VIX falling sharply to 16.18 from 19.85. The market today is being held back by Nifty IT (-0.21 per cent on continued AI disruption fears) and Nifty Metal (-0.25 per cent on China demand concerns) while being supported by Bank Nifty at 54,266, Nifty Auto at 26,281 on crude oil tailwind, and Nifty FMCG at 48,451. The sharp VIX fall is the most positive development today, signalling reduced near-term uncertainty. Key watch variables ahead: US-Iran peace deal progress, Brent crude direction, and Nifty’s ability to sustain above 23,200 support.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions on Stock Market Today

What is the stock market today on 4 June 2026?

Ans. The stock market today on 4 June 2026 shows the Nifty 50 at 23,440.05, up 34 points or 0.15%, with Sensex trading approximately 100 points higher at around 74,380. India VIX has fallen sharply to 16.18 from 19.85. IT and metal stocks are dragging while Banking, Auto, and FMCG sectors are providing support.

Why is India VIX falling today?

Ans. India VIX has fallen to 16.18 on 4 June 2026 from a prior close of 19.85, a decline of over 3 points. The fall in the stock market today’s VIX is driven by weekly options expiry unwinding volatility positions, and falling crude oil prices on US-Iran peace talk optimism removing a key uncertainty driver. A VIX below 17 historically signals more stable equity market conditions.

Why are IT stocks falling in today’s stock market?

Ans. Nifty IT is at 29,321.65, down 62.80 points or 0.21% in the stock market today on 4 June 2026, extending weakness from 3 June’s severe 5.8% crash. TCS had fallen 8.76%, LTIMindtree 7.54%, Tech Mahindra 6%, HCL Tech 4.82%, Infosys 4.11%, and Wipro 3.20% in the previous session. AI disruption fears, weak ADR performance, and profit booking after a brief rally continue to weigh on IT in today’s stock market.

Why are metal stocks falling in the stock market today?

Ans. Nifty Metal is at 13,501.55, down 33.65 points or 0.25% in the stock market today. Metal stocks face concerns about China economic demand and energy cost pressure from elevated crude prices that increase production costs for energy-intensive manufacturing. The sector remains under pressure despite some brokerage upgrades on select metals names in April 2026.

What is Nifty and Sensex level today?

Ans. Nifty 50 is at 23,440.05, up 34.45 points or 0.15%, in the stock market today on 4 June 2026. Nifty opened at 23,282.45, touched an intraday high of 23,462.30 and low of 23,247.30. Sensex is approximately 100 points higher at around 74,380, recovering from today’s intraday low in a swing of over 650 points.

What is Bank Nifty today?

Ans. Bank Nifty is at 54,266.20 in the stock market today, supported by DII buying, short covering near weekly expiry, and the fundamental tailwind of 16.2% year-on-year bank credit growth, the fastest since June 2024. IDFC First Bank (+1.35%) and Canara Bank (+1.54%) are among the better performers; SBI (-0.19%) and IndusInd Bank (-0.51%) remain laggards.

What is driving the stock market today?

Ans. The stock market today on 4 June 2026 is driven by: falling crude on US-Iran peace talk optimism benefiting Auto, FMCG, and Aviation; weekly options expiry short covering; DII buying of approximately Rs 5,109 crore (1 June data); and a sharp fall in India VIX from 19.85 to 16.18. IT stocks and metals remain headwinds.

Is it a good time to invest in the stock market today?

Ans. This article does not constitute investment advice. The stock market today shows improving signals including VIX falling to 16.18 and Nifty recovering from its intraday low. JPMorgan projects Nifty could reach 30,000 by end-2026. However, FII outflows, West Asia conflict risks, and IT sector pressure persist. Consult a SEBI-registered financial advisor before any investment decision.