Stock Market Today Today 1 June 2026: Nifty Stays Flat at 23,557, Nifty IT Surges 3%, Textile Stocks Rally Up to 6% on Cotton Duty Relief

Stock market today on June 1, 2026: Nifty 50 closed at 23,557.05 (+9.30, +0.04%) and Sensex at 75,315.04 (+77.05, +0.10%). Nifty IT surged 3.03% to 29,960, while Nifty Bank fell 0.35% and Nifty Auto lost 0.57%. Textile stocks rallied up to 6.44% after the Finance Ministry exempted cotton import duty from June 1 to October 31, 2026. Global cues: Nikkei +0.79%, Hang Seng +0.86%, Dow Jones Futures +0.10%. FII net sold Rs 21,105 crore on May 29; DII bought Rs 16,764 crore.

The stock market today on June 1, 2026 opened on a cautious note after Gift Nifty signalled a negative opening at -104 points, with the session recovering intraday to close marginally in the green. The stock market today performance was sharply bifurcated: the Nifty IT index was the standout outperformer, surging over 3% driven by Tech Mahindra, Infosys, and HCL Tech; textile stocks saw a powerful sector-wide rally of 4-6.44% following the Finance Ministry’s cotton import duty exemption effective today; while Nifty Bank, Nifty Auto, metals, and PSU stocks dragged. The stock market today closed with Nifty 50 at 23,557.05 and Sensex at 75,315.04, with 17 Sensex stocks advancing and 13 declining.

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Stock Market Today: Indian Indices Performance

Stock Market Today: Global Market Cues

The stock market today opened with caution given Gift Nifty’s -0.44% signal, but recovered intraday as Asian markets provided positive cues. The Nikkei 225 gained 0.79% to 66,855 and Hang Seng rose 0.86% to 25,398, reflecting optimism over reports that US-Iran ceasefire talks may result in a 60-day extension, which eased crude oil price pressures. Dow Jones Futures were marginally positive at +0.10%, suggesting a stable Wall Street backdrop for the Indian stock market today.

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Stock Market Today: Most Active Stocks by Value

Stock Market Today: Top Gainers and Losers on Sensex

IT Sector Leads the Stock Market Today: Nifty IT Up 3.03%

The single biggest story in the stock market today was the Nifty IT index surging 879.90 points or 3.03% to 29,960.05, making it the top-performing sectoral index by a wide margin. Tech Mahindra led the rally with a 4.39% gain, followed by Infosys at 3.99% intraday and 2.15% at close. HCL Technologies, TCS, and Wipro also contributed meaningfully to the IT index’s strong showing in the stock market today.

The IT rally in today’s stock market has a clear structural logic. The rupee’s weakness driven by elevated crude oil prices above $100 per barrel directly benefits IT companies whose revenues are predominantly in US dollars. When the rupee weakens, the INR value of each dollar of revenue earned by Infosys, TCS, HCL Tech, and their peers increases, improving reported earnings. Additionally, a recently released global economic report ranked India fourth globally in AI performance and fifth in overall digitised economic infrastructure, providing a fresh narrative tailwind for Indian IT stocks in today’s stock market session. Infosys at Rs 1,207.20 (+3.99% intraday) was among the most actively traded stocks with value traded of Rs 651.92 crore.

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Textile Stocks Surge in the Stock Market Today on Cotton Import Duty Exemption

A powerful sector-specific rally defined the stock market today for textile stocks after the Finance Ministry’s notification exempting all customs duties on cotton imports came into effect from June 1, 2026. The five-month duty holiday, effective until October 31, 2026, removes the existing 11% import duty comprising Basic Customs Duty and the Agriculture Infrastructure and Development Cess on raw cotton (HS code 5201).

Arvind Ltd was the standout performer in the stock market today, surging 6.44% to touch a 52-week high of Rs 502.25 per share on the NSE, with the stock trading at Rs 493 (+4.48%) at 9:29 AM before extending further gains. The stock market today move in Arvind confirms that the cotton duty exemption is being read as a direct margin positive for cotton-intensive manufacturers across the value chain from spinning to garments. Business Standard confirmed the rally, noting that “the measure is anticipated to have a positive impact on the performance of the domestic textile industry, especially the small and medium enterprises, by ensuring better availability of cotton in the market.”

Stock Market Today: Sectors That Underperformed

While IT and textiles dominated the positive side, the stock market today also saw significant sectoral underperformance. Nifty Bank fell 0.35% to 54,051.85, with private sector banks including Axis Bank (-0.52%) and PSU banks including SBI (-2.38%) seeing selling. Nifty Auto declined 0.57% to 26,187.95, with Maruti Suzuki down 1.60% and M&M losing 1.27%, reflecting continued concerns about fuel cost-driven demand compression for vehicle manufacturers.

Metal stocks were the hardest-hit in today’s stock market, with Tata Steel falling 3.21% as the sector gave back some of its recent gains in a broader risk-off trade. Power and infrastructure stocks also saw selling pressure in the stock market today, with Power Grid declining 3.07% and NTPC dropping 1.86%. The PSU sector’s underperformance in the stock market today reflects the broader caution around government-linked stocks in an environment of elevated crude oil prices and fiscal pressure.

Stock Market Today: FII and DII Flows

FII and DII activity continues to shape the stock market today dynamics. On May 29, 2026, FIIs net sold Rs 21,105.86 crore worth of Indian equities while DIIs were net buyers of Rs 16,764.14 crore. Over the week, DIIs recorded cumulative net inflows of approximately Rs 25,800 crore, absorbing a substantial portion of the FII selling. This DII resilience has been the key stabiliser for the stock market today, preventing the Nifty from extending its correction despite persistent FII outflows driven by elevated crude oil prices, rupee weakness, and West Asia geopolitical uncertainty.

The DII-FII tug of war remains the defining dynamic for the stock market today and the near-term outlook. Retail investors channelling savings through systematic investment plans and direct equity purchases via discount brokers have supplemented DII institutional buying, providing a structural bid for quality large-cap stocks that has arrested deeper market declines.

Stock Market Today: Technical Levels and Outlook

After today’s stock market close with Nifty at 23,557.05, technical analysts have identified the following key levels. Support for Nifty is placed at 23,500 (immediate), 23,250 (recent swing low), and 23,150 (gap area), with a sustained breach below 23,250 risking a move toward 22,800. On the upside, immediate resistance in the stock market today is at 23,750-23,800, with the broader 24,000-24,100 zone remaining a major supply area that bulls need to reclaim to signal a trend reversal.

For Sensex, which closed at 75,315.04, immediate support lies in the 74,500-74,200 zone, and resistance is near 75,800-76,000 with 76,500-76,700 as a broader supply area. Ajit Mishra of Religare Broking advised maintaining a cautious yet selective approach in the current stock market today environment, noting that the market has moved into a defined technical range after last week’s sharp fall.

Stock Market Today: Key Events to Watch This Week

Investors tracking the today’s session should monitor the following key developments that could drive market direction through the week. First, the US-Iran ceasefire status is the most critical macro variable, as any breakdown in peace talks would push crude oil back above $104 and resume pressure on the Nifty and Sensex. Second, the US Commerce Department’s copper market update to President Trump, due by end of June, will be a catalyst for metals and commodity stocks. Third, the June Consumer Price Index data from the US, given that April CPI showed the fastest annual rise in three years, will influence global rate expectations and FII flows into the today’s market and coming sessions.

Conclusion

The the Indian market today on June 1, 2026 delivered a bifurcated session where the Nifty 50 held flat at 23,557.05 and Sensex closed at 75,315.04, masking significant sectoral divergence. The Nifty IT index’s 3.03% rally on rupee tailwind and AI optimism, combined with textile stocks surging 4-6.44% on the cotton import duty exemption, offset broad-based weakness in metals, PSU banks, power, and auto stocks. The today’s trading session continues to be shaped by the three-way interaction between global crude oil prices, FII flows, and domestic DII support. Investors should maintain a selective approach in the current today’s equity market environment, focusing on sectors with specific catalysts like IT (rupee benefit) and textiles (duty relief) while staying cautious on cyclicals exposed to elevated commodity costs. Always consult a SEBI-registered financial advisor before making investment decisions.

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

How did the stock market today perform on June 1, 2026?

Ans. The the market on Monday on June 1, 2026 ended on a mildly positive note. The Nifty 50 closed at 23,557.05, up 9.30 points or 0.04%, while the BSE Sensex closed at 75,315.04, up 77.05 points or 0.10%. The today’s Dalal Street saw a bifurcated performance, with the Nifty IT index surging over 3%, Nifty Bank declining 0.35%, and Nifty Auto falling 0.57%. The cotton import duty exemption triggered a sharp rally in textile stocks, while IT, telecom and select financial stocks supported the indices.

Which stocks were the top gainers in the stock market today on June 1?

Ans. The top gainers in the this session were led by Tech Mahindra (+4.39%), followed by Infosys (+3.99% intraday, +2.15% at close), Bharti Airtel (+1.76%), Bajaj Finserv (+1.52%), and Sun Pharma (+1.34%). In the textile space, Arvind surged 6.44% to hit a 52-week high of Rs 502.25, while Vardhman Textiles gained 6%, Nitin Spinners rose 5.53%, Himatsingka Seide gained 5%, and Gokaldas Exports rose 4%. Coal India gained 1.65% and was among the most actively traded stocks.

What drove the Nifty IT rally in today’s stock market?

Ans. The Nifty IT index surged over 3% in the today’s session, with the index at 29,960.05, up 879.90 points, driven by a combination of factors. Rupee weakness due to elevated crude oil prices benefits IT companies as their USD-denominated revenues convert to more rupees. India’s ranking as fourth globally in AI performance, announced in a recent report, boosted sentiment toward Indian technology companies. Tech Mahindra, Infosys, HCL Tech, TCS, and Wipro all saw strong buying. The IT sector was the standout outperformer in the today’s market.

Why did textile stocks rally sharply in the stock market today?

Ans. Textile stocks rallied sharply in the the Indian market today after the Finance Ministry issued a notification on May 30, 2026, exempting all customs duties on cotton imports from June 1 to October 31, 2026. The move removes the existing 11% import duty on cotton, comprising Basic Customs Duty and the Agriculture Infrastructure and Development Cess. Arvind hit a 52-week high, Vardhman Textiles and Nitin Spinners gained over 5%, and Gokaldas Exports rose 4%. The duty exemption is expected to reduce raw material costs and improve margins for spinning mills and garment exporters.

What were the global market cues for the stock market today?

Ans. Global cues for the today’s trading session on June 1, 2026 were mixed. Gift Nifty traded at 23,586.00, down 104 points or 0.44%, signalling a cautious opening. However, Dow Jones Futures were up 49.99 points or 0.10% at 51,082.45. Asian markets were positive, with Nikkei 225 up 525.50 points or 0.79% at 66,855.00 and Hang Seng gaining 215.61 points or 0.86% at 25,398.00. The positive Asian close supported intraday recovery in Indian indices after an initial gap-down open.

What were the FII and DII flows in the stock market today?

Ans. Based on May 29, 2026 data, Foreign Institutional Investors (FIIs) were net sellers of Rs 21,105.86 crore while Domestic Institutional Investors (DIIs) were net buyers of Rs 16,764.14 crore. Over the week, DIIs recorded cumulative net inflows of approximately Rs 25,800 crore, absorbing a substantial part of the FII selling. This DII support has been a key stabilising factor for the today’s equity market, preventing sharper declines even as FIIs have remained net sellers amid elevated crude oil prices and geopolitical uncertainty.

What are the key Nifty support and resistance levels to watch after today?

Ans. Based on analyst views for the the market on Monday and coming sessions, Nifty support is placed at 23,500 and 23,250, with a more critical support at 23,150-23,200 (a gap area from recent trading). A sustained breach below 23,250 could intensify corrective pressure toward 22,800. On the upside, immediate resistance is at 23,750-23,800 and the broader 24,000-24,100 zone remains a major hurdle. For Sensex, immediate support lies in the 74,500-74,200 zone and resistance is near 75,800-76,000.

Which sectors underperformed in the stock market today?

Ans. In the today’s Dalal Street, Nifty Auto declined 0.57% and Nifty Bank fell 0.35%, while metal, power, and PSU-linked stocks saw selling pressure. Tata Steel fell 3.21%, Power Grid dropped 3.07%, SBI declined 2.38%, NTPC fell 1.86%, and Maruti Suzuki lost 1.60%. The weakness in metal stocks reflects global risk-off sentiment, while PSU bank selling was driven by broader caution about public sector capital allocation in a high crude oil environment. The bifurcated this session saw IT and textiles outperform while cyclicals underperformed.