Stock Market Update: June 4 - Top Performers and Losers Revealed

Indian Markets End Modestly Higher Amid Global Volatility

On Thursday, 4 June, the Indian markets experienced a choppy session, with both headline indices remaining range-bound and ending with modest gains. The weak global cues and rising crude oil prices kept investor sentiment subdued, preventing bulls from taking control of Dalal Street.

The Nifty 50 and Sensex closed 0.14% and 0.03% higher at 23,396 and 74,368, respectively. In contrast, the broader market outperformed the benchmark indices, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.43% and 0.52%, respectively.

Investors navigated heightened volatility in the markets as conflicting statements from the US and Iran regarding a potential near-term peace deal kept traders cautious about taking fresh positions. Although crude oil prices softened during the session, they continued to remain elevated, sustaining concerns over potential interest rate hikes.

Read also: Nifty Index Climbs 0.3 Percent as Global Oil Prices Decline Sharply

US President Donald Trump said on Wednesday that progress in negotiations with Iran could be achieved as early as this weekend. Despite these diplomatic and political signals, tensions in the region remain elevated. Both Iran and the US recently exchanged attacks, with Tehran resuming strikes on neighboring countries. Meanwhile, US forces reportedly carried out strikes on Qeshm Island in response to attempted attacks by Iran.

While Indian equities struggled to gain momentum, US and select Asian markets have been scaling multiple record highs, driven by the AI-led rally. This has made domestic stocks relatively less attractive for overseas investors and has also weighed on India's position in global market capitalisation rankings.

Top Performers of the Day

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PhysicsWallah emerged as the top performer, surging 15.7% to ₹106.5 apiece after the edtech firm scrapped plans to lend directly to students through its finance unit. The rally also ended the stock's five-day losing streak. Other notable gainers included Cemindia Projects, Anant Raj, Zen Technologies, RHI Magnesita India, Himadri Speciality Chemical, Blue Jet Healthcare, Force Motors, Vijaya Diagnostic Centre, and Tejas Networks, all of which closed with gains of over 6%.

IIFL Finance shares extended its bull run for the third straight session, gaining another 5.7% to settle at a four-month high of ₹530.30 apiece. Poly Medicure also posted a strong gain of 5% to close at ₹1,405 apiece. Select capital goods stocks also witnessed strong buying interest, with Hitachi Energy India, CG Power and Industrial Solutions, Timken India, and Suzlon Energy rising between 2% and 4%. Among Adani Group stocks, Adani Total Gas ended the session with a solid gain of 3.7%.

After remaining under pressure in recent sessions, Voltas shares rebounded 4.2% to ₹1,286, marking the stock's biggest intraday jump since February 2026.