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Indian equity markets staged a modest recovery on Wednesday, halting a three-session losing streak amid improving global sentiment and a softer U.S. dollar. Key benchmark indices remained rangebound for much of the day, with gains driven by selective buying in large caps and outperformance in mid and small-cap segments.

Nifty 50 rose by 77.70 points (+0.32%) to close at 24,620.20 BSE Sensex added 260.74 points (+0.32%) to end at 80,998.25

🗓️ Global Economic Calendar – Key Events in Focus

Markets remain cautious as investors await pivotal central bank decisions and economic data releases globally:

June 5

ECB Monetary Policy Meeting

Eurozone

June 6

RBI Monetary Policy Decision (MPC)

India

June 6

U.S. Initial Jobless Claims

United States

June 7

U.S. Nonfarm Payrolls & Unemployment Rate

United States

June 7

China Trade Balance

China

A dovish tilt by the European Central Bank or indications of a rate-cut roadmap from the RBI could act as key triggers for risk-on sentiment across emerging markets.

📊 Key Domestic Highlights

📈 India Services PMI for May rose to 58.8 (April: 58.7), indicating sustained growth in new business, hiring, and international demand—the latter marking its strongest momentum in nearly two decades. ⚙️ However, slower growth in factory output dragged the Composite PMI down to 59.3 (April: 59.7). 📉 India VIX fell by 4.89%, settling at 15.75, signaling reduced near-term volatility expectations.

📌 Notable Corporate Developments

🆕 Scoda Tubes debuted on the bourses at ₹140, mirroring muted yet stable listing-day sentiment.

📉 Tata Technologies faced pressure amid reports of a 2.1% stake sale by TPG through block deals.

🤝 Wipro gained modestly after entering a strategic cybersecurity partnership with Entrust, a U.S.-based firm.

📉 Vodafone Idea declined 2% as Ericsson offloaded ₹428 crore worth of shares in a bulk transaction.

📈 Market Internals & Breadth

The broader market continued to outshine the benchmarks, with sustained buying across mid and small-cap segments reflecting investor confidence in India’s earnings resilience.

Index

Performance

Nifty Midcap 100

+0.71%

Nifty Smallcap 100

+0.79%

NSE Market Breadth Snapshot:

🔼 Advancing Stocks: 1,236

🔽 Declining Stocks: 1,650

📊 Total Traded Stocks: 2,978

🏔️ 52-Week Highs: 58

⛳ 52-Week Lows: 30

⬆️ Upper Circuits: 105

⬇️ Lower Circuits: 62

Mid and small caps remain buoyed by strong earnings momentum, while the tariff hike in steel and aluminum globally is not expected to impact Indian markets materially, offering a relative cushion.

📌 What’s Driving the Markets?

✅ Positive global cues & easing U.S. dollar index

✅ Lower volatility (VIX down nearly 5%)

✅ Anticipation of dovish commentary from RBI and ECB

✅ Better-than-expected performance from broader markets and select sectors

Investors are advised to maintain a balanced view with calibrated risk exposure as policy clarity unfolds.

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