Stock Market Live: Sensex, Nifty Swing Between Gains and Losses; HDFC Bank, Tejas Networks in Spotlight
Indian equity markets traded in a narrow range on Thursday as investors adopted a cautious approach ahead of the Reserve Bank of India’s monetary policy announcement. After witnessing sharp volatility in recent sessions, benchmark indices managed to stabilize, with the BSE Sensex and NSE Nifty trading largely flat despite intermittent buying and selling pressure.
Market participants remained focused on stock-specific action, while several high-volume counters including Tejas Networks, JBM Auto, and HDFC Bank emerged among the most actively traded stocks on the exchanges.
Benchmarks Remain Range-Bound
The Sensex and Nifty struggled to find clear direction during the session as investors weighed domestic and global developments. While buying in select sectors helped support the market, weakness in information technology and selective financial stocks kept gains in check.
Traders remained cautious due to:
- RBI monetary policy outcome
- Foreign institutional investor activity
- Global market trends
- Crude oil price movement
- Economic growth outlook
The absence of strong market triggers resulted in a largely range-bound trading session.
Tejas Networks Attracts Strong Buying Interest
Tejas Networks remained one of the most actively traded stocks of the day, witnessing significant investor participation and strong volumes.
Market observers attribute the interest to:
- Growth prospects in telecom infrastructure
- Expansion of digital connectivity projects
- Government-led telecom initiatives
- Increasing focus on domestic technology manufacturing
The stock continued to draw attention from both retail and institutional investors.
JBM Auto Sees Heavy Trading
Shares of JBM Auto also witnessed substantial activity as investors maintained interest in the automotive and electric mobility segment.
The company has remained in focus amid:
- Rising EV adoption
- Infrastructure development plans
- Manufacturing expansion opportunities
- Government support for clean mobility
Automobile-related stocks have generally benefited from optimism surrounding India’s long-term mobility transformation.
HDFC Bank Remains Key Market Driver
As one of the largest companies in the Indian stock market, HDFC Bank continued to feature among the most actively traded counters.
Investors are closely monitoring:
- Loan growth trends
- Deposit growth
- Asset quality indicators
- Interest rate outlook
- Banking sector performance
Movements in HDFC Bank often influence benchmark indices due to its significant market capitalization and index weightage.
Sectoral Performance Mixed
Sectoral indices presented a mixed picture throughout the trading session.
Stronger Sectors
- Telecom
- Capital Goods
- Consumer Durables
- Select Auto Stocks
Under Pressure
- Information Technology
- Select Financial Counters
- Export-Oriented Stocks
The weakness in IT shares followed recent profit booking across major technology companies.
RBI Policy Decision in Focus
The biggest trigger for the market remains the RBI Monetary Policy Committee (MPC) meeting. Investors are awaiting Governor Sanjay Malhotra’s policy announcement for clues regarding interest rates, inflation management, and economic growth.
Key areas being watched include:
- Repo rate decision
- Inflation projections
- GDP growth outlook
- Liquidity measures
- Policy stance
Any unexpected policy signal could influence market sentiment significantly.
Global Developments Continue to Influence Sentiment
Apart from domestic factors, global developments remain important for market direction.
Investors continue tracking:
- US Federal Reserve outlook
- Global inflation trends
- Crude oil prices
- Geopolitical developments
- Foreign capital flows
These factors are expected to remain major drivers of investor behavior in the near term.
Key Highlights
- Indian markets remained volatile, with the BSE Sensex and Nifty 50 swinging between gains and losses during the session.
- The lack of a clear trend reflects uncertain investor sentiment, with buying and selling pressures balancing each other out.
- HDFC Bank and Tejas Networks were among the key stocks in focus, witnessing notable trading activity.
- Sectoral performance was mixed, with IT and telecom stocks showing intermittent strength, while banking stocks contributed to volatility.
- Analysts attribute the choppy movement to global market cues, crude oil price fluctuations, and cautious positioning by investors.
- Broader markets showed stock-specific action, with mid-cap and small-cap stocks experiencing selective participation.
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Also read: IT Stocks in Free Fall! TCS, Infosys, Tech Mahindra Trigger 4% Nifty IT Crash
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Last Updated on: Thursday, June 4, 2026 11:49 am by Koushik Velpuri | Published by: Koushik Velpuri on Thursday, June 4, 2026 11:49 am | News Categories: Business
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