MarketSmith and Analyst Raja Venkatraman Identify Five Stocks for Consideration on June 1

Stocks to Buy on 1 June: Market Experts Weigh In

The Indian stock market ended sharply lower on Friday, 29 May, after a sudden sell-off in the final hour of trade wiped out early-session gains. The benchmark indices, the Sensex and Nifty 50, traded within a narrow range for most of the session as investors remained cautious amid lingering uncertainty over a potential US-Iran agreement. However, heavy selling pressure emerged towards the close, dragging the Sensex down nearly 1,300 points intraday and pulling the Nifty 50 to a low of 23,485.

Market Capitalisation Takes a Hit

The BSE Sensex eventually settled 1,092 points, or 1.44%, lower at 74,775.74, while the NSE Nifty 50 declined 359 points, or 1.50%, to close at 23,547.75. The weakness extended to the broader market as well, with the BSE 150 Midcap index falling 1.25% and the BSE 250 Smallcap index losing 0.61% amid profit booking across segments. The sharp decline eroded investor wealth by nearly ₹6 lakh crore, with the total market capitalisation of BSE-listed companies dropping to about ₹465 lakh crore from nearly ₹471 lakh crore in the previous session.

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Gift Nifty Live Chart Signals

The Gift Nifty Live Chart shows a negative start for the Indian stock market today. By 7:42 AM, the Gift Nifty was trading around the 23,726.5 level, a discount of 22.3 points from the Nifty futures' previous close of 23,748.80. Decoding the impact of Gift Nifty live chart and other triggers on Dalal Street, Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, suggests that Indian equities are likely to start the first trading session of June on a flat-to-mildly positive note.

Stocks to Buy Today

Market experts have recommended several stocks to buy today, including:

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These stocks are expected to perform well based on their technical analysis, P/E ratios, and other key metrics. However, investors should also be aware of the risk factors associated with each stock, including reliance on unsecured retail portfolios, raw material inflation, and geopolitical concerns.

Global Cues

Global cues are mixed but broadly supportive. South Korea's benchmark index continues to trade near record highs, led by strength in technology heavyweights, while Japanese markets remain relatively stable. The resilience across Asian equities suggests investors are gradually looking beyond near-term geopolitical uncertainty and focusing on structural growth themes, particularly technology and exports.

Domestic Institutional Investors

Domestic Institutional Investors (DIIs) continue to remain the strongest pillar for Indian equities. With net inflows of over ₹82,000 crore in May, domestic money has consistently absorbed foreign selling pressure and prevented deeper market corrections. As long as domestic liquidity remains strong, downside risks may remain relatively contained.