Market View 01st June, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets started the week on a mixed note. US index futures traded in the green, while European markets remained under pressure. Across Asia, market sentiment was mixed as investors continued to track developments related to tensions in the Middle East. South Korean markets outperformed and touched fresh highs, while Japanese indices delivered a mixed performance. In the US, Wall Street ended the previous session at record levels. Major indices closed higher, supported by easing crude oil prices and positive investor sentiment. Markets remained resilient despite ongoing geopolitical concerns. Indian equities witnessed a weak month, with benchmark indices recording their poorest May performance in several years. On Friday, markets remained highly volatile, swinging between gains and losses before ending sharply lower. Selling pressure intensified during the session, dragging both the Sensex and Nifty significantly below their intraday highs. Overall, global markets showed resilience, while Indian equities faced profit booking and heightened volatility amid cautious investor sentiment.

Economic Calendar:

• USD: S&P Global and ISM Manufacturing PMI Data on 01^st June 2026.
• IND: Monthly Auto Sales Numbers on 01^st June 2026.
• USD: S&P Global and ISM Services PMI and S&P Global Composite PMI Data on 03^rd June 2026.
• IND: Monetary Policy on 05^th June 2026.

BROKERAGE RADAR:

JEFFERIES ON TCI EXPRESS:

Target ₹635 Earlier Target ₹805 Recommendation Buy, Recovery continue, steep grade ahead, June-26 volume growth guidance-single digit growth, Valuations attractive-near historic lows, Potential spillover in capex plans to FY28.

HSBC ON CUMMINS INDIA:

Target ₹6500 Earlier Target ₹5500 Recommendation Buy, Strong powergen and distribution growth drives 20% PAT growth in 4Q, Strong data centre demand, sustained distribution growth, and exports recovery to drive20% EPS CAGR (FY26-29e), Raised earnings and higher multiple to account for improving ROIC.

GOLDMAN SACHS ON INTERGLOBE AVIATION:

Target ₹5200 Recommendation Buy, 4Q Review: Operationally better despite disruption, Near term headwinds but long term story intact, Improved PRASK outlook for Q1 is encouraging, Alert-PRASK- Passenger Revenue per Available Seat Kilometer, increased costs in Q1/FY27 remains an overhang in light of a lack of clarity on capacity growth for FY27.

GOLDMAN SACHS ON ASIAN PAINTS:

Target ₹2575 Earlier Target ₹2275 Recommendation Sell, FY27 revenue growth to accelerate due to price increases, Management confident of maintaining margins within guided range, Need to watch out for macro headwinds impact on industry demand, Raise FY27/28 EPS estimates by 13%/9% to build faster than expected revenue growth and margin resilience.

International Markets:

U.S & Europe:

*As per 01^st June.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

View on market: Volatility persists, eagerly searching for growth

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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