Sensex Nifty Live Updates June 4: Markets Open Marginally Higher, Sensex Above 80,800

Indian markets rebounded on June 4, supported by gains in telecom, banking, and heavyweight stocks. Nifty 50 rose 0.32% to close at 24,620, while the Sensex advanced 0.32% to settle at 80,988. Asian markets maintained positive momentum, with the Nikkei up 0.80% and the Hang Seng gaining 0.60%. European indices traded higher in mid-session, and U.S. futures indicated a stable start, reflecting improved global sentiment.

Stock Market Outlook for June 4:

• Markets Rebound with Broad-Based Gains: Indian benchmarks bounced back on June 4, with the Nifty 50 and Sensex both rising 0.32% to close at 24,620 and 80,988 respectively. Buying interest in telecom and banking stocks—led by Bharti Airtel, IndusInd Bank, and Reliance—helped lift sentiment following the previous day's decline.
• Global Cues Stay Positive Across Regions: Asian markets traded higher, with the Nikkei gaining 0.80% and the Hang Seng up 0.60%. European indices remained in the green during mid-session, while U.S. futures also pointed to a firm start, indicating improving global risk appetite.
• Stock-Specific Action in Focus: Alkem Labs drew attention with news of promoter stake sale worth ₹825 crore, while HDFC Bank saw a boost after its arm HDB Financial received SEBI's nod for a ₹12,500 crore IPO. Meanwhile, Sun Pharma came under pressure after disappointing Phase 2 trial results for its psoriasis drug SCD-044.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

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*As of 16:00 IST

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Here are the top stocks to watch today following their latest earnings and key business updates.

Alkem Laboratories
According to CNBC-TV18 sources, promoter Jayanti Sinha is preparing to divest a 1.42% stake in Alkem Laboratories through a block deal. The transaction is estimated to be worth around ₹825 crore, with the shares likely priced at a floor of ₹4,850 each.

HDFC Bank
HDB Financial Services, a subsidiary of HDFC Bank, has secured SEBI’s approval to proceed with an IPO worth ₹12,500 crore within the next year. The offering will include a fresh issue of ₹2,500 crore and an offer-for-sale of ₹10,000 crore by the parent company, which currently holds a 94.36% stake in HDB.

Sun Pharmaceutical Industries
Sun Pharma announced that its psoriasis treatment candidate, SCD-044, did not achieve the primary efficacy target of a 75% improvement in PASI scores at week 16 during its Phase 2 trial. Additionally, the company has decided to halt development of SCD-044 for atopic dermatitis after it failed to meet similar efficacy benchmarks in a separate Phase 2 study.

Zydus Lifesciences
Zynext Ventures USA LLC, a subsidiary of Zydus Lifesciences, has signed a Securities Purchase Agreement with U.S.-based biotech firm Agenus Inc. Under the agreement, Zynext will acquire approximately 21.33 lakh shares, equating to a 5.9% stake, at $7.50 per share, totaling around $16 million. The move strengthens Zydus’ presence in the immuno-oncology space.

Indian Energy Exchange (IEX)
IEX reported a total electricity trading volume of 10,946 million units (MU) for May 2025, marking a 14% increase year-on-year. While the Day-Ahead Market saw a 20% decline to 3,510 MU, the Real-Time Market recorded its highest-ever monthly volume at 4,770 MU, up 42% compared to the same month last year.

Indian Stock Market Recap: June 3

Indian equities closed lower on June 3, pressured by declines in heavyweight stocks and uncertain global sentiment. The Nifty 50 fell 0.70% to end at 24,542, while the Sensex dropped 0.78% to 80,737. Asian markets showed mixed trends, with the Hang Seng rising 1.53% even as the Nikkei posted marginal losses. European indices hovered near flat in mid-session trade, and U.S. futures signaled a subdued start, highlighting ongoing investor caution amid global uncertainties.

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Foreign Institutional Investors (FIIs) Net Buy/Sell : -2853.8
Domestic Institutional Investors (DIIs) Net Buy/Sell : 5908

*As of 09:52 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.