Date: 05-June-2026 📈Peerless Securities Equity INSIGHTS 05June2026
Previous trading day's Market Recap
* Nifty:23,416 ( +0.05%)
*Outlook for 5 June 2026 is cautiously bullish tracking positive global cues. Market movement will also be contingent on the outcome of the RBI Monetary Policy Committee (MPC) decision scheduled for 10:00am.
*Market participants widely expect the RBI to maintain the repo rate at 5.25% with a neutral stance. A standard hold should trigger a mild relief rally of 0.3%–0.7% toward 23,550–23,600. Conversely, any surprise hawkish tone regarding future inflation or rate trajectories could instantly shift the index down to retest the 23,300 level.
*A significant decline in the ⁠India VIX to 15.89 (-2.39%) signals reduced near-term anxiety and fewer intraday whipsaws, setting a baseline for potential upward momentum if global and domestic cues align.
*Nifty Trading StrategyLong Setup: Consider long positions if Nifty sustains a 15-minute candle above 23,465 post-RBI announcement. This trajectory targets 23,550 and 23,600.
*Short Setup: If the index opens weak or faces rejection at higher levels, slipping below 23,350, it is likely to retest the 23,300 zone. A decisive breakdown under 23,300 invalidates the bullish structure and exposes the index to 23,150.
* Bank Nifty:54,308(0.23%)
*Resistance lies at 54,509 levels.Support levels will be seen at 52,798, 52,332.
* Sensex:74,360(0.02%)
*BSE SENSEX index edged up marginally to settle at 74,360.01 on 4 June 2026, gaining 13.84 points (+0.02%) after recovering from an intraday low of 73,807.30. The near-term market outlook for 5 June 2026 remains cautiously bullish but highly event-dependent.Markets digests sectoral shifts and elevated volatility.
*Pivot Point: 74,235,Resistance: 74,700 & 75,000,Support: 73,900 & 73,500.
* Bankex:61,238(0.23%)
*BSE Bankex gained 141.97 points (+0.23%) after demonstrating resilience from an intraday low of 60,698.46. The outlook for 5 June 2026 is highly volatile and events-driven, as the index prepares to react to the RBI Monetary Policy Committee (MPC).
*Index pivot point is estimated at 61,118.Immediate support lies at 60,815 while major support is around 60,400 level. Resistance lies at 61,535 (Immediate intraday resistance) and then at 61,830 (Major hurdle of 2003 short-term trend reversal).
*Sectoral performance
*On the sectoral front, buying interest in consumer durables, capital goods, media, pharmaceuticals, oil & gas, banking and energy stocks lent support to the market.
*However, weakness in information technology and metal shares capped the upside and kept benchmark indices range-bound.
💸FII/DII data & India VIX FII: - Rs 4,447 cr DII: +Rs 4,360 cr India VIX:15.88 (-2.41%)
🌍 Global Cues
*Asia-Pacificmarkets are mostly trading down today. South Korea stocks plunged, leading losses in the region, as the slump in Wall Street tech names overnight spread into Asia, dragging benchmark indexes lower.
*The Dow Jones Industrial Average rallied to a fresh record high on Thursday, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favor of non-tech stocks. The 30-stock Dow jumped 874 points, or 1.73%. The Nasdaq traded just below the flatline, while the S&P 500 rose 0.41%.
💫 Key Trigger & Signal- *US market upmove comes after a losing day on Wall Street, with stocks pressured by rising tensions in the Middle East. Attacks escalated between the U.S. and Iran. Iran struck Kuwait International Airport early.
*Wednesday, while a day earlier U.S. Central Command said it had defeated multiple Iranian ballistic missiles and drones, and carried out “self-defense strikes” on Qeshm Island in the Persian Gulf.
*GIFT Nifty indicating a positive opening for the Indian equity markets by 47 points.
🛢️ Commodities & Currency Check ** Brent Crude: Trading mildly lower at $95.32 ** US/INR is trading at 95.64. ** Gold trading up at $4,501 ** Silver: Is trading mildly positive at $74.13
🕐 Stocks in Focus (Q4 Results )
|CG Power and Industrial Solutions: The company has commissioned its extra-high-voltage (EHV) switchgear manufacturing facility in Nashik, Maharashtra. This is in addition to the S3 Unit-I manufacturing facility at Ambad, Nashik, which manufactures EHV circuit breakers in the 33kV to 800kV range.
|Wipro: Wipro is in focus with its upcoming share buyback record date today.
|Aurobindo Pharma: The pharma major has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Tofacitinib Tablets. product will be manufactured at APL Healthcare Unit IV, a wholly owned subsidiary of the company, and will be launched immediately.
|Panacea Biotec: OHM Investment Corporation acquired 3.14 lakh shares (a 0.51 percent stake) in Panacea Biotec for Rs 15.52 crore at Rs 493.07 per share.
|Go Digit General Insurance: Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares of Go Digit General Insurance for Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares for Rs 35 crore.
Results Today *Quaterly Earnings to be release today. Nil
💡 Strategy for 05June26
*The RBI MPC Factor: The Reserve Bank of India’s Monetary Policy Committee meeting announcement is scheduled today. All eyes are on Governor Sanjay Malhotra’s upcoming commentary regarding the repo rate (currently at 5.25%), liquidity, and food inflation, keeping Banking, Auto, and Real Estate stocks highly volatile.
*Investor sentiment remained cautious also ahead of the release of GDP data, which is expected to offer greater clarity on the growth outlook. Meanwhile, the moderation in oil prices—amid the possibility of a renewed, albeit fragile, ceasefire between Israel and Lebanon—may offer some downside support to the market.
** Valuations across Indian equities are mixed, with industrial and cyclical sectors such as capital goods, cement, chemicals, automobiles, auto parts and textiles continuing to trade above their long-term averages while IT, FMCG, hospitals, hotels, agrochemicals, building materials and real estate traded below their historical average valuations.