01 June,2026 10:14 AM IST | Mumbai | mid-day online correspondent
Sensex jumps 200 points, Nifty crosses 23,600 in strong market opening
Indian benchmark equity indices on the first day of June, 2026, opened on a positive note with the BSE Sensex climbing 206.16 points to reach 74,981.90 in early trade.
The NSE Nifty also advanced 42.65 points to 23,604.80, showing positive trends during the start of the week.
The upward-moving trajectory of the indices on Monday comes amid positive global cues and sustained buying interest in select heavyweight stocks across sectors. While investors remained optimistic.
At the time of filing, the GIFT Nifty stood at 23,714.00 points, up 0.10 per cent. Furthermore, Brent crude during the early hours of Monday traded at USD 93.08 per barrel, up 2.15 per cent, and crude oil rose 2.57 per cent to USD 89.61 per barrel. Simultaneously, gold prices fell 0.65 per cent to USD 4,511.67 per ounce, as per ANI.
Oil prices also rebounded after Israel's latest military actions, reinforcing fears that energy costs could remain elevated and force the Federal Reserve to maintain a hawkish stance. Markets are increasingly pricing in the possibility of a Fed rate hike later this year, while the U.S. Dollar Index and yields also strengthened.
Japan's Nikkei 225 jumped 0.74 per cent to 66,820.00 points, Hong Kong's Hang Seng index gained 0.82 per cent to 25,388.00 points, and South Korea's KOSPI surged 4.14 per cent to 8,842.58 points. In contrast, the Shanghai Composite drifted lower by 0.12 per cent to 4,063.72 points. The positive domestic opening kept in trend across regional peers, including notable advances in Japan, Hong Kong, and South Korea, as per ANI.
Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd, said, "Gold prices traded steady as investors balanced ongoing uncertainty surrounding US-Iran ceasefire negotiations against rising inflation concerns and expectations of tighter monetary policy," as per ANI.
Expressing his views on commodities, Manav Modi further added, "Despite gold's traditional safe-haven appeal, the metal has struggled to gain momentum as higher crude oil prices continue to fuel inflation concerns. "
(With inputs from ANI)
