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πŸ‡ΊπŸ‡Έ 1. Wall Street witnessed a sharp sell-off - MarketLence.com 11/06/2026

https://marketlence.com/%f0%9f%87%ba%f0%9f%87%b8-1-wall-street-witnessed-a-sharp-sell-off/

πŸ‡ΊπŸ‡Έ 1. Wall Street witnessed a sharp sell-off - MarketLence.com The Dow Jones, S&P 500, and Nasdaq fell over 1% in the latest session. Technology and semiconductor stocks led the decline. Investors are concerned about: Rising inflation pressures. Escalating tensions in the Middle East. Potential disruptions to global oil supplies. 🌍 2. Geopolitical tensions a...

02/06/2026

πŸ“ˆ Stock Market Update Right Now (India)

Indian markets remain under pressure after Monday's sell-off.

Sensex: 74,267 (-0.68%)
Nifty 50: 23,383 (-0.70%)
Bank Nifty: 53,643 (-1.10%)
GIFT Nifty: around 23,442, indicating a cautious start for the next session.
Why Did the Market Fall?

The main reasons behind the recent weakness are:

Rising crude oil prices due to escalating Middle East tensions.
Heavy FII selling in Indian equities.
Higher bond yields and inflation concerns.
Cautious sentiment ahead of the RBI policy meeting this week.
Sectors in Focus

🟒 IT Stocks showed relative strength as global technology shares remained firm.
πŸ”΄ Banks, FMCG, and Financials were among the major laggards.

Stocks in Focus Today

Some of the key stocks being tracked by traders include:

Wipro
Paytm
Ola Electric
NHPC
Alkem Laboratories
Key Levels for Tomorrow
Nifty Support: 23,200–23,300
Nifty Resistance: 23,500–23,800

A move above 23,500 could improve sentiment, while a break below 23,200 may invite further selling pressure.

Market Outlook

πŸ“Œ Bias: Cautiously Bearish to Range-Bound

The biggest triggers for the next few sessions are:

RBI policy outcome
Crude oil prices
FII activity
Middle East developments
Rupee movement

For traders, IT stocks may continue to outperform, while banking and rate-sensitive sectors could remain volatile until the RBI decision.

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