Date: June 4, 2026
Indian equity markets are expected to open under pressure on June 4, with Gift Nifty trading at 23,332.50, down 183.20 points or 0.78%, indicating a weak start for benchmark indices.
Market experts have highlighted a concerning technical pattern emerging in the Nifty50 index. The index has been consistently forming lower intraday lows over the past several sessions, signaling that bears continue to exert pressure despite intermittent recoveries.
Data shared by market analysts shows Nifty's intraday lows have steadily declined from 23,922 on May 25 to 23,885 on May 26, 23,858 on May 27, 23,484 on May 29, 23,357 on June 1, 23,229 on June 2, and further to 23,151 on June 3. This sequence of lower lows suggests weakening market momentum and increasing caution among traders.
