The S&P BSE Sensex declined 160.73 points or 0.21% to 75,237.99, while the Nifty 50 index lost 46.10 points or 0.19% to 23,643.50. However, latest data shows the Nifty 50 has dropped 0.19% to close at 23,643.5 and the SENSEX is down 0.21% to close at 75,237.99 in today's trading session. In the past two sessions, the Sensex advanced 1.13% while the Nifty 50 gained 1.33%, indicating a pullback from recent gains. The broader market underperformed with the BSE 150 MidCap Index falling 0.48% and the BSE 250 SmallCap Index shedding 0.37%. Market breadth remained negative with 1,215 shares rising and 2,027 shares falling on the NSE, while 124 shares remained unchanged.
The Nifty Media index emerged as the buzzing sector, rising 2.54% to 1,443.95, as reported by Business Standard. The index has shown strong momentum with a 3.34% jump in the two consecutive trading sessions. Key performers in the media space included Nazara Technologies (up 9%), Saregama India (up 4.02%), Tips Music (up 2.4%), Sun TV Network (up 1.75%) and PVR Inox (up 0.15%). Latest data shows the Nifty Media index closed up 1.98% at 1,436.1 today, with Nazara Technologies Ltd gaining 12.76% and Saregama India Ltd adding 8.11%. The media sector's outperformance reflects renewed investor interest in the entertainment and content creation industries.
Data Patterns (India) declined 8.21% despite reporting strong quarterly results, according to Business Standard. The company's standalone net profit jumped 21.30% to ₹138.38 crore in Q4 FY26 compared to ₹114.08 crore in Q4 FY25, but revenue from operations declined 12.96% YoY to ₹344.85 crore in the quarter ended March 31, 2026. Hubtown fell 5.01% despite impressive financial performance, with consolidated net profit zooming 546.17% to ₹22.81 crore in Q4 FY26 versus ₹3.53 crore in Q4 FY25, and revenue jumping 65.37% YoY to ₹160 crore in the March 2026 quarter. Sheela Foam surged 11.90% following exceptional results, with consolidated net profit more than six-fold jump to ₹91.28 crore in Q4 FY26 compared to ₹13.08 crore in Q4 FY25, and revenue from operations rising 23.59% YoY to ₹1,050.06 crore driven by higher volume growth in mattress and foam segments.
The NSE's India VIX declined 1.32% to 18.37, indicating reduced market volatility expectations, as reported by Business Standard. In the commodities market, Brent crude for July 2026 settlement surged $2.92 or 2.76% to $108.64 a barrel. The rupee edged lower against the dollar, with the partially convertible rupee hovering at 95.8600 compared with its previous close of 95.6400, though it hit a fresh record low of 96.14 against the U.S. dollar during the session. Petrol and diesel prices were increased across India with immediate effect, with oil marketing companies raising rates by up to ₹3 per liter due to continued fluctuations in global crude oil prices. LNG prices were also raised by ₹2 per kg amid sharp rise in wholesale fuel inflation in April.
India's trade deficit widened to $28.38 billion in April from $20.67 billion in March, as both imports and exports increased sequentially, according to the commerce ministry. Merchandise exports stood at $43.56 billion in April compared with $38.92 billion in the previous month, while imports rose to $71.94 billion from $59.59 billion. However, on a year-on-year basis, merchandise exports grew by over 13% in April, marking one of the strongest monthly performances in the past 10 years. The yield on India's 10-year benchmark federal paper jumped 0.78% to 7.076 compared with the previous session close of 7.021. MCX Gold futures for the 5 June 2026 settlement fell 1.79% to ₹159,154 amid precious metals weakness following stronger-than-expected US inflation data.
