Indian Shares End Notably Lower; IT Stocks Buck Trend

Indian equity benchmarks closed sharply lower on June 1, 2026, as broad-based selling dragged the BSE Sensex down 650 points, or 1.1%, to end at 58,850. The NSE Nifty 50 lost 1.0% to settle at 17,500. Financial and energy stocks led the decline after weaker-than-expected GDP data fanned economic slowdown fears. In contrast, information technology stocks bucked the sell-off. The Nifty IT index rose 1.8% as a depreciating rupee boosted the outlook for export-heavy firms. Infosys and Tata Consultancy Services both gained over 2%, while HCL Technologies added 1.5%. Analysts attributed the broader market slump to profit booking and caution ahead of the Reserve Bank of India's policy decision later this week. Foreign institutional investors sold a net ₹1,200 crore worth of equities, data showed.