Investor Strategist Sumeet Bagadia Identifies Five Stocks for Potential Gains as of June 5, 2026

Indian Equities End Choppy Session Marginally Higher

On Thursday, June 4, 2026, Indian equity benchmarks concluded a volatile trading session with modest gains, as investors remained cautious ahead of the Reserve Bank of India's crucial policy meeting. Market sentiment remained subdued due to concerns over inflation and economic growth stemming from the ongoing US-Iran conflict and tensions in the Middle East.

Benchmark Indices Close

The BSE Sensex finished the day at 74,360, a gain of 14 points or 0.02%. The Nifty 50 closed at 23,417, 11 points higher, or 0.05% up from the previous close.

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Nifty 50 Trading Session

On June 4, 2026, the Nifty 50 opened with a gap-down of 123.15 points at 23,282.45, reflecting weak sentiment at the start of the session. However, buying interest emerged immediately after the opening, helping the index register its intraday low of 23,247.30 within the first few minutes of trade. The recovery remained strong throughout the first half, with the index steadily moving higher. Although some profit booking was witnessed during the early part of the second half, buyers quickly regained control and pushed the index higher once again. The benchmark eventually registered an intraday high of 23,465.30 before settling at 23,416.55, registering a gain of 10.95 points or 0.05% over the previous close.

Technical Analysis

According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of a bullish candlestick pattern indicates buying support emerging at lower levels. The ability to recover from a gap-down opening and close in positive territory suggests that market participants remained willing to accumulate positions despite the weak start.

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Bank Nifty Trading Session

The Bank Nifty index opened with a gap-down of 267.10 points at 53,918.85, indicating weakness in the banking space at the start of the session. However, the index registered its intraday low of 53,829.40 within the first few minutes and thereafter witnessed sustained buying interest throughout the first half. Although some profit booking emerged during the early part of the second half, the decline remained limited as buyers stepped in once again. The recovery gathered momentum later in the day, pushing the index to an intraday high of 54,461.00 before eventually settling at 54,307.85, registering a gain of 121.90 points or 0.22% over the previous close.

Stock Recommendations

Sumeet Bagadia recommends five shares to buy on Friday, 5 June: Astra Microwave Products, Bliss GVS Pharma, MTAR Technologies, Honasa Consumer, and Krishna Institute Of Medical Sciences.