Stock Market Predictions for Tomorrow 1 June 2026: Nifty Outlook, Key Levels and Analyst Views

The stock market predictions for tomorrow on 1 June 2026 carry a cautiously bullish bias, supported by GIFT Nifty June futures trading at 23,860.0 with a gain of 201.5 points (+0.85 per cent) as of 29 May evening, and Dow Jones closing at 51,069.65 (+0.75%) on 30 May 2026. Nifty 50 closed at 23,649.95 on 29 May 2026, marginally higher by 6.45 points (+0.03%), powered by a sharp IT sector rally of nearly 2.5 to 3 per cent led by Wipro’s agentic AI deal with ServiceNow. However, Sensex fell 1092 points (-1.44%) as metals, PSU banks, and power stocks faced heavy selling amid below-normal monsoon concerns. These stock market predictions for tomorrow cover Nifty 50, Bank Nifty, sectoral outlook, FII-DII flows, global cues, and an analyst watchlist of stocks for 1 June 2026.

The divergence between Nifty (flat) and Sensex (-1.44 per cent) on 29 May tells the full story: IT and select financials held the Nifty while PSU heavyweights collapsed. FII net selling reached Rs 21,105.86 crore on 29 May, the single largest daily outflow in May 2026, with May month-to-date FII selling now at Rs 34,857.47 crore. DII counter-buying of Rs 16,764.14 crore on the same day and MTD buying of Rs 65,904.79 crore has been the structural safety net for markets.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have prepared these stock market predictions for tomorrow 1 June 2026 using 29 May closing data, 30 May global market performance, GIFT Nifty futures levels, and sector-specific catalysts. All views are educational and not investment advice.

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Today’s Market Recap: 29 May 2026

• Nifty 50: 23,649.95 (+0.03%) | Sensex: 74,775.74 (-1.44%) | Bank Nifty: 53,537.0 (-0.32%)
• India VIX: ~16.5 (weakening momentum, RSI near 40 on Bank Nifty)
• Nifty IT: +2.5% to +3% (Wipro +4.6%, TechM +4.85%, Infosys +2.38%) | Nifty PSE Index: -2.37%
• Top Nifty Gainers (29 May): Tech Mahindra (+4.85%), Infosys (+2.38%), Bharti Airtel (+1.66%), Sun Pharma (+1.37%), Wipro (+1.31%), Bajaj Finance (+1.27%)
• Top Nifty Losers (29 May): Tata Steel (-3.15%), Power Grid (-2.93%), NTPC (-2.62%), SBI (-2.53%), Bajaj Auto (-1.83%)
• FII (29 May): Net SOLD Rs 21,105.86 crore | DII: Net BOUGHT Rs 16,764.14 crore
• FII MTD (May): Rs 34,857.47 crore sold | DII MTD: Rs 65,904.79 crore bought
• Market breadth (29 May Nifty 50): 19 advances, 29 declines, 2 unchanged

The 29 May 2026 session was defined by two forces pulling in opposite directions. Wipro’s 18.54 per cent ADR surge overnight on the New York Stock Exchange following the ServiceNow agentic AI partnership announcement catalysed a broad IT rally that pushed Nifty IT nearly 3 per cent higher, becoming the session’s engine. Markets were also closed on 28 May for Bakri Id, and the IT rally was partially catch-up to the positive global overnight session. Against this, below-normal monsoon forecasts hammered PSU power stocks, metals, and PSU banks, with Tata Steel, NTPC, Power Grid, and SBI suffering outsized losses on concerns that a deficient monsoon would dampen industrial production growth and power demand assumptions for Q1 FY27.

Nifty 50 Prediction for Tomorrow 1 June 2026

Trend: Cautiously Bullish | GIFT Nifty (29 May evening): 23,860.0 (+201.5 pts, +0.85%)

Nifty 50 Support: 23,500 (immediate) and 23,350 (secondary)

Nifty 50 Resistance: 23,850 (key level) and 24,000 (medium-term ceiling)

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty 50 prediction for tomorrow 1 June 2026 is cautiously bullish. The index closed at 23,649.95 on 29 May, recovering from intraday lows on IT sector strength. GIFT Nifty at 23,860.0 signals a gap-up open near 23,750 to 23,850 for the 1 June session. Jaiswal flags 23,500 as the immediate support and 23,850 as the first resistance. A sustained hold above 23,750 in early trade on 1 June would confirm the stock market predictions for tomorrow is turning bullish, with 24,000 as the medium-term target.

The RSI on the weekly Nifty chart stands at 42.69, indicating a recovery attempt from neutral territory. The weekly chart shows the index attempting to stabilise after recent volatility, with buying emerging at the 23,500 to 23,600 support zone. The Nifty 50 has lost 2.28 per cent over the past month and 5.15 per cent over the year, but the IT-led session on 29 May signals early signs of sector rotation that may sustain in the tomorrow nifty prediction as FII selling moderates into a new month.

Bank Nifty Prediction for Tomorrow 1 June 2026

Trend: Bearish with Recovery Attempt | Bank Nifty Close (29 May): 53,537.0 (-0.32%)

Bank Nifty Support: 52,699 (immediate) and 52,181 (secondary)

Bank Nifty Resistance: 54,375 and 54,893

Kunal Singla, Associate Director at Univest, observes that the Bank Nifty prediction for tomorrow 1 June 2026 is bearish with a potential recovery attempt. Bank Nifty closed at 53,537.0 on 29 May, declining 173.35 points as PSU bank heavyweights SBI (-2.53 per cent) and state-run banks faced selling on monsoon delay concerns and FII net selling of Rs 21,105.86 crore. Singla notes that the RSI on Bank Nifty hovered near the 40 mark on 29 May, indicating weakening momentum. The near-term support levels at 52,699 and 52,181 are the critical floors for the stock market predictions for tomorrow in the banking sector. Private banks, led by Kotak Mahindra Bank (+1.14 per cent) and Bajaj Finance (+1.27 per cent), outperformed PSU banks on 29 May and represent the recovery opportunity within banking for 1 June.

Global Cues for Stock Market Predictions for Tomorrow 1 June 2026

• GIFT Nifty (+201.5 pts, +0.85%): GIFT Nifty June futures at 23,860.0 signal a positive gap-up open near 23,750 to 23,850 for the Nifty 50 on 1 June 2026. This is the primary positive signal in the stock market predictions for tomorrow.
• Dow Jones (30 May): 51,069.65 (+0.75%): Dow Jones gaining 0.75 per cent on 30 May signals US equity resilience and removes the risk-off pressure that triggered FII selling on 29 May. This directly supports the stock market predictions for tomorrow.
• Nasdaq (29 May): 26,917.47 (+242.74 (+0.91%)): Nasdaq surging 0.91 per cent extends the AI and technology momentum that drove India’s IT sector 2.5 to 3 per cent higher on 29 May. Wipro, Infosys, and Tech Mahindra are the direct beneficiaries in the 1 June session.
• Nikkei 225 (29 May): 66,329.5 (++2.53%): Nikkei’s 2.53 per cent surge on 29 May confirms Asian market strength. If this momentum carries through 30 May trading, it sets a constructive background for Indian markets on 1 June.
• US-Iran Deal and Crude Oil: Progress on a US-Iran nuclear deal framework continues to weigh on crude oil prices. Lower crude is a structural positive for India as it reduces the import bill, eases inflation pressure, and supports the rupee, all of which are net positives for Indian equities heading into June.

Key Events and Triggers for Stock Market Predictions for Tomorrow 1 June 2026

• Wipro Buyback Countdown (Record Date: 5 June 2026): Wipro’s Rs 15,000 crore buyback at Rs 250 per share, representing a 21 per cent premium to the 29 May closing price of Rs 206.62, creates structural buying demand. With the record date on June 5, 1 June is a key accumulation window for the stock.
• IMD Monsoon Update: The below-normal monsoon forecast that hammered PSU power and metals stocks on 29 May will continue to be the dominant risk factor. Any positive update from the IMD on monsoon progress would be a significant catalyst for the market prediction for tomorrow.
• New Month, New FII Stance: May’s FII MTD selling of Rs 34,857.47 crore resets at the start of June. Month-start FII positioning is historically a key driver. If FII selling moderates in June, the market outlook for tomorrow improves significantly.
• IT Sector Momentum Continuation: Tech Mahindra (+4.85%), Infosys (+2.38%), and Wipro’s agentic AI deals signal a broader IT sector re-rating. Continuation of IT momentum on 1 June is the primary bullish catalyst in the tomorrow share market prediction.
• Q4 FY26 Results Flow: Ipca Labs, Persistent Systems, and several midcaps report Q4 results. Ipca Labs beating estimates by 17.6 per cent and Persistent Systems’ acquisition of an Estonia-based IT firm are positive earning season signals.
• Ola Electric Regulatory Approval: Ola Electric receiving approval to manufacture a commercial EV scooter for delivery and fleet operators is a positive catalyst for the EV and electric mobility sector ahead of 1 June.

Sectors to Watch in Stock Market Predictions for Tomorrow 1 June 2026

• Information Technology: The primary sector to watch in the stock market predictions for tomorrow. Wipro’s agentic AI deal and buyback, TechM’s 4.85 per cent gain, and Infosys strength make IT the momentum leader. Nifty IT is the outperforming sector into 1 June.
• Private Sector Banking and NBFC: Kotak Mahindra Bank (+1.14%) and Bajaj Finance (+1.27%) outperformed PSU banks on 29 May. Private banks benefit from GIFT Nifty positive signal while PSU banks face monsoon headwinds.
• Pharmaceuticals: Sun Pharma (+1.37%) and Ipca Labs’ earnings beat make pharma a defensive outperformer. The sector is insulated from monsoon concerns and FII selling.
• Telecom: Bharti Airtel (+1.66%) continued its momentum, supported by subscriber growth and ARPU expansion. Telecom is a defensive sector with strong secular growth drivers.
• Metals and PSU Power (Caution): Tata Steel (-3.15%), NTPC (-2.62%), and Power Grid (-2.93%) are the avoid list for 1 June. Below-normal monsoon forecasts directly hurt steel demand assumptions and power generation utilisation.

Univest Analyst Watchlist: Stocks to Watch for 1 June 2026

Stock	NSE Symbol	Sector	29 May Close (Rs)	Support (Rs)	Resistance (Rs)	Bias for 1 June
Wipro	WIPRO	IT	206.62	200	215	Bullish (Buyback + AI deal)
Infosys	INFY	IT	1,185	1,165	1,210	Bullish (IT recovery)
Tech Mahindra	TECHM	IT	1,620	1,590	1,660	Bullish (AI momentum)
Kotak Mahindra Bank	KOTAKBANK	Private Banking	2,060	2,020	2,100	Cautious Bullish
Bajaj Finance	BAJFINANCE	NBFC	940	920	960	Cautious Bullish
Sun Pharma	SUNPHARMA	Pharma	1,850	1,820	1,890	Bullish
Bharti Airtel	BHARTIARTL	Telecom	1,870	1,840	1,910	Bullish
Tata Steel	TATASTEEL	Metals	208	204	215	Cautious (Monsoon)
SBI	SBIN	PSU Banking	944	930	965	Bearish (FII selling)
NTPC	NTPC	Power	389	382	400	Bearish (Monsoon delay)

Ankit Jaiswal, Senior Research Analyst at Univest, has flagged Wipro, Infosys, and Tech Mahindra as the three stocks to watch for 1 June 2026, driven by the Wipro-ServiceNow agentic AI deal and IT sector momentum from 29 May. Wipro’s June 5 buyback at Rs 250 per share creates structural buying support for the stock heading into the next trading week. Kotak Mahindra Bank and Bajaj Finance are the two financial sector recovery plays as Bank Nifty finds support near 52,700 to 53,000. Kunal Singla, Associate Director at Univest, advises caution on SBI, NTPC, and Tata Steel as monsoon delay concerns and FII selling of Rs 21,105 crore on 29 May continue to weigh on PSU and metal names. Sun Pharma and Bharti Airtel are the two defensive picks with sector-specific catalysts that insulate them from broader index volatility on 1 June.

Stock Market Prediction Strategy for Traders on 1 June 2026

1. Lead with IT: The Wipro ServiceNow agentic AI deal and IT momentum is the strongest sector signal for the stock market predictions on 1 June. Wipro (support Rs 200, resistance Rs 215) and Infosys (support Rs 1,165, resistance Rs 1,210) are the primary watchlist names.

2. Avoid PSU Power and Metals at Open: NTPC, Power Grid, and Tata Steel face continued selling on monsoon concerns. The nifty tomorrow prediction for these sectors remains negative unless IMD releases a positive monsoon update.

3. Watch 23,750 as the Day’s Pivot: Ankit Jaiswal notes that 23,750 is the make-or-break level in the tomorrow nifty prediction. A gap-up open above this level that holds into the first 30-minute candle confirms bullish momentum toward 23,850 and then 24,000.

4. New Month, Monitor FII Data: Kunal Singla flags FII data on 1 June as the most critical variable. May’s Rs 34,857.47 crore MTD selling resets to zero. If FII flows turn positive on the first day of June, the stock market predictions for tomorrow become decisively bullish.

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What Market Sentiment Indicates for Stock Market Predictions for Tomorrow 1 June 2026

The market sentiment for the stock market predictions for tomorrow 1 June 2026 is cautiously optimistic with a sector rotation underway. The 29 May session confirmed two simultaneous trends: IT stocks entering a fresh leg up on AI monetisation deals, and PSU-heavy sectors entering a correction cycle on monsoon concerns.

Ankit Jaiswal of Univest observes that the Nifty 50 holding near the flat line on 29 May despite Rs 21,105.86 crore of FII selling is a signal of underlying resilience. The IT sector’s ability to absorb the entire index and prevent a Sensex-like selloff in Nifty suggests sector rotation from PSU and metals into technology and selective NBFC names. Jaiswal’s stock market predictions for tomorrow places GIFT Nifty at 23,860.0 as the base case, implying Nifty opens near 23,750 on 1 June with IT stocks sustaining the gap.

Kunal Singla of Univest notes that the FII MTD selling of Rs 34,857.47 crore is the largest May selling since 2022, yet Nifty has held the 23,500 to 23,600 zone. The DII cumulative buying of Rs 65,904.79 crore MTD is the single most important structural support in the stock market predictions for tomorrow. Singla’s univest analyst stock market view is that DII absorption will continue to prevent a deeper correction as long as domestic SIP flows remain intact, which historical monthly SIP data confirms at Rs 25,000 crore plus for May 2026.

The start of a new month on 1 June historically triggers fresh institutional positioning. Nifty has closed positive in 8 of the last 10 first-trading-days of June, supporting the cautiously bullish stock market predictions for tomorrow.

Risks to Stock Market Predictions for Tomorrow 1 June 2026

• Below-Normal Monsoon Escalation: If IMD releases a sharply deficient monsoon forecast before market open on 1 June, the metals, PSU power, FMCG, and auto sectors face another round of selling, which could drag Nifty below 23,500 and invalidate the bullish stock market predictions for tomorrow
• FII Selling Continuation: Rs 21,105.86 crore FII net selling on a single day (29 May) is extreme. If FII selling continues into June, DII absorption alone cannot prevent Nifty from testing 23,350 to 23,200 supports in the tomorrow nifty prediction.
• IT Rally Reversal: Wipro’s gap-up on buyback and AI deal could see profit booking if the broader IT discretionary spending environment weakens. A reversal in IT would remove the index’s primary support and turn the stock market predictions for tomorrow bearish.
• Global Risk-Off: GIFT Nifty shows a positive signal now but is subject to change before 1 June opening. Any weekend geopolitical escalation in West Asia or a negative US jobs data surprise can reverse the current positive stock market predictions for tomorrow.

Conclusion: Stock Market Predictions for Tomorrow 1 June 2026

The stock market predictions for tomorrow 1 June 2026 are cautiously bullish. Nifty 50 closed at 23,649.95 on 29 May (+0.03%), supported by an IT rally of 2.5 to 3 per cent led by Wipro (+4.6%), Tech Mahindra (+4.85%), and Infosys (+2.38%). GIFT Nifty June futures at 23,860.0 (+201.5 pts) and Dow Jones at 51,069.65 (+0.75%) on 30 May provide a positive backdrop.

Ankit Jaiswal of Univest places 23,750 as the key pivot in the stock market predictions for tomorrow. A hold above 23,750 opens 23,850 and then 24,000. Support is at 23,500 to 23,350. Kunal Singla of Univest flags the start of a new month on 1 June as the primary sentiment catalyst, with FII selling resetting to zero and fresh institutional positioning driving the stock market predictions for tomorrow.

Key watchlist stocks for 1 June per Univest analysts: Wipro (buyback + AI deal, support Rs 200), Infosys (IT momentum, support Rs 1,165), Tech Mahindra (AI leader, support Rs 1,590), and Kotak Mahindra Bank (private banking recovery, support Rs 2,020). Avoid PSU power and metals until monsoon outlook improves. These stock market predictions for tomorrow are for educational purposes only.

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

Frequently Asked Questions

What are the stock market predictions for tomorrow 1 June 2026?

Ans. The stock market predictions for tomorrow 1 June 2026 are cautiously bullish. Nifty 50 closed at 23,649.95 on 29 May. GIFT Nifty June futures are at 23,860.0 (+201.5 pts, +0.85%). Key support is at 23,500 and resistance at 23,850. FII selling of Rs 21,105.86 crore on 29 May is the main risk, offset by DII buying of Rs 16,764.14 crore and positive global cues.

What is the tomorrow nifty prediction for 1 June 2026?

Ans. The stock market predictions for tomorrow 1 June 2026 is cautiously bullish with Nifty expected to open near 23,750 to 23,850 based on GIFT Nifty at 23,860.0 (+201.5 pts). Ankit Jaiswal of Univest identifies 23,750 as the session pivot. A hold above this level targets 23,850 and 24,000. Below 23,500 turns the tomorrow nifty prediction bearish.

Why did the market fall on 29 May 2026?

Ans. The market fell on 29 May 2026 due to massive FII net selling of Rs 21,105.86 crore, below-normal monsoon forecasts hammering PSU power stocks (NTPC -2.62%, Power Grid -2.93%) and metals (Tata Steel -3.15%), and broader risk-off in PSU names. Sensex fell 1092 points (-1.44%). However, Nifty 50 held flat (+0.03%) as IT stocks surged 2.5 to 3 per cent on Wipro’s ServiceNow agentic AI partnership.

What is the Bank Nifty prediction for tomorrow 1 June 2026?

Ans. The Bank Nifty prediction for tomorrow 1 June 2026 is bearish with a recovery attempt. Bank Nifty closed at 53,537.0 (-0.32%) on 29 May. Support levels are at 52,699 and 52,181. Resistance is at 54,375 and 54,893. Kunal Singla of Univest notes the RSI is near 40, indicating weakening momentum. Private banks (Kotak, Bajaj Finance) outperformed PSU banks and offer the recovery opportunity.

Which stocks should I watch for 1 June 2026 market prediction?

Ans. Ankit Jaiswal and Kunal Singla of Univest have flagged the following stocks to watch for the market prediction tomorrow 1 June 2026: Wipro (buyback on June 5 at Rs 250, AI deal catalyst), Infosys (IT sector momentum, support Rs 1,165), Tech Mahindra (agentic AI leader, support Rs 1,590), Kotak Mahindra Bank (private bank recovery, support Rs 2,020), and Sun Pharma (pharma defensive, support Rs 1,820).

What is the FII DII data for 29 May 2026?

Ans. FII net sold Rs 21,105.86 crore on 29 May 2026, the largest single-day outflow in May. DII counter-bought Rs 16,764.14 crore. FII MTD selling for May stands at Rs 34,857.47 crore while DII MTD buying is Rs 65,904.79 crore. The new month on 1 June resets FII counter to zero, making June 1 FII flow data the most critical input for the stock market predictions for tomorrow.

Why did Wipro surge on 29 May 2026?

Ans. Wipro surged 4.6 per cent on 29 May 2026 for two reasons. First, it announced an expanded partnership with ServiceNow to deploy agentic AI workflows across core enterprise functions including IT, HR, procurement, and cybersecurity. Second, Wipro’s ADR jumped 18.54 per cent overnight on the NYSE following this announcement. Additionally, Wipro set June 5, 2026 as the record date for a Rs 15,000 crore buyback at Rs 250 per share, a 21 per cent premium to the 29 May close of Rs 206.62.

What does univest analyst stock market view say about 1 June 2026?

Ans. The Univest analyst stock market view for 1 June 2026 is cautiously bullish. Ankit Jaiswal of Univest identifies IT and select NBFCs as the sectors to lead the recovery. He places 23,750 as the Nifty pivot for tomorrow. Kunal Singla of Univest flags FII flows on June 1 as the decisive variable since May’s selling resets to zero. Both analysts advise caution on PSU power and metals until monsoon forecasts improve.