SENSEX up 260 points, NIFTY50 opens at 23,478 as focus lies on RBI policy; Tech Mahindra, M&M among gainers

At 9:15 am, the NIFTY50 index opened 0.27% or 62 points higher at 23,478.95 points on Friday, compared to 23,416.55 points at the previous stock market close, according to the exchange data.

The SENSEX index opened 0.36% or 269 points higher at 74,629.94 points on June 5, compared to 74,360 points at the previous market close, as per the stock exchange data.

Before the opening bell, the GIFT NIFTY futures were trading 0.07% lower at 23,522 points, according to the NSEIX data.

The key focus of the investors will remain on the RBI’s key monetary policy meeting outcome, which is scheduled to be released around 10 am (IST), for any cues or any change in the stance of the central bank amid the current dynamic geopolitical environment.

The benchmark indices were trading with marginal gains in the early market session, as the weak momentum from the Asian market limited the upside amid constant foreign investor outflows from emerging markets like India.

Foreign investors have sold ₹4,447 crore worth of assets across the capital market exchanges in a single day on Thursday.

What happened in the previous RBI MPC?

Although the central bank is set to keep its key interest rate unchanged at 5.25% while maintaining a ‘neutral’ stance, the market is looking out for any guidance due to the heightened geopolitical uncertainties in West Asia.

In its April 2026 policy decision, RBI entered a “wait and watch” zone, holding its interest rates at 5.25% with a neutral stance.

The retail inflation was under control in the previous meeting, but then the rates have risen to 3.48% in April due to the increase in the cost of food and beverages, clothing, among other things, amid rising fuel costs in the global market.

Investors' focus will also remain on monitoring the steady crude oil prices in the global market, and on the US-Iran negotiations at the end of the 14th week of the conflict.

Top gainers & losers today

HDFC Life Insurance up 2.2%, Adani Enterprises up 1.9%, SBI Life Insurance up 1.3%, Tech Mahindra up 1.2%, Mahindra & Mahindra (M&M) up 1.1%, and Bajaj Finserv up 0.9% were among the top gainers on the NIFTY50 index on June 4.

While other stocks like Wipro down 4.2%, Tata Steel down 1.5%, Hindalco down 1.3%, Trent down 1.2%, IndiGo down 0.8%, and Coal India down 0.7% were among the top laggards on the benchmark index on Friday’s market.