Navia Weekly Roundup (June 01- 05, 2026)

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• Week in the Review
• Indices Analysis
• Interactive Zone!
• Sector Spotlight
• Top Gainers and Losers
• Currency Chronicles
• Commodity Corner
• Top Blogs of the Week!
• N Coins Rewards

Week in the Review

The Indian benchmark indices witnessed heightened volatility during the week, weighed down by rising crude oil prices amid uncertainty surrounding the progress of U.S.-Iran peace negotiations. Investor sentiment was further impacted by persistent selling by Foreign Institutional Investors (FIIs) and the RBI’s monetary policy outcome, wherein the central bank raised its FY27 inflation forecast while lowering its FY27 GDP growth projection.

Indices Analysis

For the week, the BSE Sensex declined 1.26% to close at 74,243.34, while the Nifty 50 fell 1.27% to settle at 23,366.70.

The Nifty Midcap 100 index snapped its two-week winning streak and declined 1.5% during the week. Among the top losers were PB Fintech, ICICI Prudential Asset Management Company, Patanjali Foods, Indian Renewable Energy Development Agency, Bharat Heavy Electricals, and National Aluminium Company. On the positive side, Vodafone Idea, Laurus Labs, Billionbrains Garage Ventures, NMDC, and Federal Bank emerged as the top gainers.

The Nifty Smallcap 100 index ended the week largely unchanged. Among the top gainers, IFCI, Himadri Speciality Chemical, Anant Raj, IIFL Finance, JBM Auto, Tata Technologies, and Ola Electric Mobility rallied between 8% and 16%. On the other hand, Natco Pharma, Meesho, Cholamandalam Financial Holdings, Triveni Turbine, JM Financial, Inox Wind, and Force Motors declined between 6% and 12%.

The total market capitalisation of companies listed on the BSE declined by more than Rs 3 lakh crore during the week. Among the biggest losers in terms of market value were Reliance Industries, followed by NTPC, Tata Consultancy Services, and Bharti Airtel. In contrast, Titan Company, Infosys, and State Bank of India recorded gains in market value.

Foreign Institutional Investors (FIIs) remained persistent sellers in the Indian equity market, offloading shares worth Rs 31,114.47 crore during this week. Meanwhile, Domestic Institutional Investors (DIIs) continued to provide strong support to the market.

Interactive Zone!

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Sector Spotlight

Sectoral indices ended on a mixed note during the week. The Nifty Capital Markets index shed 4.1 percent, the Nifty FMCG, Nifty Infra, Nifty Realty, and Nifty Metal indices shed 2 percent each. However, the Nifty Media index rose 5.5 percent, and the Nifty Consumer Durables added 0.9 percent.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹94.93 per dollar, down 0.06% for the week, reflecting bearish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹109.41 per euro, down  1.24% for the week, reflecting bearish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.59 per yen, down 0.64% for the week, reflecting bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil futures are showing mild positive momentum with a small green candle as the recovery from the 8,310 lows continues to build structure above the 9,200 level. Price has established a sequence of higher lows over the past several sessions following the sharp reversal from the long-term ascending trendline support, and the current candle reflects controlled buyer participation rather than aggressive follow-through.

The short-term bias is cautiously bullish following the decisive bounce from multi-week support. Price is now approaching the 9,335–9,450 resistance band, and a decisive close above 9,335 would confirm that buyers are regaining near-term control and open the path toward 9,380 and 9,425. The volume profile over the past several sessions continues to support the recovery narrative, and the long-term ascending trendline from early April remains a key structural anchor beneath current price.

On the downside, immediate support is seen near 8,945. A sustained close below 8,945 would signal a stalling of the recovery and invite corrective pressure toward 8,900 and 8,855, shifting the near-term momentum back toward sellers. Until then, the structure continues to favour buyers on any dip toward the 9,050–9,100 zone.

Gold futures are currently showing mild negative pressure with a small red candle as price struggles to sustain the recovery momentum from the 153,500 lows established earlier this week. The current session reflects continued indecision near the 158,000–159,000 zone, with buyers failing to push decisively above the key 159,000 resistance level and the broader corrective structure from the May highs remaining intact.

The short-term bias is cautiously bearish, with price consolidating below the 159,000 resistance and the prior descending sequence of lower highs continuing to exert overhead pressure. A decisive close above 159,000 would be required to meaningfully shift the near-term momentum and open a path toward 160,500 and 162,000, validating the sharp recovery from the week’s lows as a genuine trend reversal rather than a temporary relief bounce. Until that occurs, any upside attempt is likely to be capped at the 158,961–159,026 resistance band.

On the downside, immediate support is seen near 157,000. A sustained close below 157,000 would indicate that the recovery has failed and invite renewed bearish pressure toward 155,500 and 154,000, bringing the prior week’s lows back into focus. The 157,000 level is the near-term pivot that buyers must defend to keep the cautious recovery narrative alive.

Natural Gas futures are showing mild positive momentum with a small green candle as price continues to consolidate above the ascending trendline support following the sharp pullback from the 323 peak. The current session reflects a measured recovery attempt within the 302–315 consolidation zone, with buyers showing tentative interest near the trendline while the broader structure preserves its bullish character from the late May base.

The short-term bias is cautiously bullish, with price holding above the ascending trendline and the sequence of higher lows from late May remaining intact. The 306 level has been acting as the immediate support reference during the recent consolidation, and a decisive close above 306 from current levels would reinforce the recovery bias and invite a push toward 308 and 310. The ascending trendline continues to slope upward beneath current price, providing the structural anchor for the near-term bullish case.

On the downside, a sustained close below 302 would negate the cautiously bullish setup and confirm a deeper unwind toward 300 and 298, putting the ascending trendline structure under meaningful pressure. As long as price holds above 302 on a closing basis, the bias continues to favour buyers on intraday dips.

Silver Futures are showing a near-flat session with a marginal positive candle after the price slipped to fresh multi-week lows near 261,000–262,000. The recent price action reflects persistent seller dominance, with the broader structure displaying a clear sequence of lower highs and lower lows from the May peak near 282,000 and buyers failing to generate any meaningful recovery momentum at current levels.

The broader short-term structure remains bearish, with price having broken below the prior 265,000–266,500 support band and now trading near the 261,000–263,000 demand zone. Any recovery attempt is likely to face supply pressure near the 265,000 level, and a decisive close above 265,000 would be required to begin challenging the prevailing bearish structure and signal a potential base formation. Until that level is reclaimed convincingly, sellers retain the near-term advantage.

On the downside, a sustained close below 261,000 would confirm the next leg of the bearish decline and invite fresh corrective pressure toward 258,500 and 256,000, extending the breakdown from the May highs. The 261,000 level is now the critical near-term reference for buyers to defend in order to prevent a deeper structural deterioration.

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Top Blogs of the Week!

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