Nifty Opens on a Gap-Up Basis; Vaishali Parekh Selects Three Stocks for Buys on 1 June 2026

Indian Stock Market Expected to Open on a Positive Note

The Indian stock market is likely to start the first trading session of June on a positive note, despite some initial gains fading overnight. The Gift Nifty contract is currently trading around 23,588, down from Friday's Nifty close of 23,547. This suggests that markets may open with a positive bias, but follow-through buying will remain crucial.

Institutional Flows to Play a Key Role

Institutional flows will be a key variable this month. Foreign Institutional Investors (FIIs) ended May as aggressive net sellers, a factor that has hindered the market's ability to sustain rallies. However, any improvement in global risk appetite or moderation in geopolitical concerns could encourage fresh FII participation and provide support to the market.

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Domestic Institutional Investors Remain a Strong Pillar

Domestic Institutional Investors (DIIs) continue to be a strong support for Indian equities, with over ₹82,000 crore of net inflows during May. This has consistently absorbed foreign selling pressure and prevented deeper market corrections. As long as domestic liquidity remains strong, downside risks may remain relatively contained.

Gift Nifty Signals a Positive Start

The Gift Nifty Live Chart is signalling a positive start on Dalal Street, with the index trading around 150 points above the spot Nifty close on Friday. The index opened upside at 23,664 and touched an intraday high of 23,725.

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Market Outlook

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Gift Nifty live chart is signalling a gap-up opening for the Indian stock market. The Nifty 50 index has made a strong base at 23,800, and a breach above 24,000 would open fresh targets of 24,200 and 24,400.

Vaishali Parekh's Stock Recommendations

Vaishali Parekh recommends buying these three stocks: Latent View, Precision Camshafts, and IEX.